There’s high airline prices, and then there’s Ryanair level airline prices.
An elderly British couple flying with Ryanair last week claims they were charged a hefty fee of £110, equivalent to about $140, to print their boarding passes for a flight from Central London to France.
Ruth Jaffe, 79, and Peter Jaffe, 80, reportedly used Ryanair’s mobile app to download their boarding passes. However, they accidentally downloaded the passes for their return flight instead of their outbound flight. According to the couple’s daughter, who shared the incident on social media, this led to the unexpected charges.
Ryanair’s check-in policy stipulates that passengers who fail to complete online check-in at least two hours before departure will be charged an additional fee to obtain their boarding passes in person at the airport. In this case, the Jaffes were charged a total of $140 for what their daughter described as “2 pieces of paper which took 1 minute [to print].”
The daughter further revealed that her mother had already paid an additional $30 so that she could sit next to her disabled father during the flight. Despite these expenses, the couple reportedly did not get to sit together on their flight.
Expressing their dissatisfaction with the exorbitant charge, the daughter criticized the airline and stated that her family is refusing to fly with Ryanair in the future. She also expressed her frustration at the fact that her parents had paid extra to ensure they could sit together, only to face the additional charges for the boarding passes.
Responding to the controversy, Ryanair issued a statement emphasizing that all passengers traveling with the airline agree to check in online before arriving at the airport. The statement explained that passengers are sent reminders via email and SMS to complete online check-in 24 hours prior to departure. The statement placed the responsibility on the passengers for failing to follow the check-in procedure.
The incident sparked a conversation on social media, with various users sharing their own experiences and opinions about the airline’s policies. Some users criticized the airline for its approach, while others pointed out the importance of adhering to the rules and regulations set by the airline.
Ryanair’s website reinforces its policy that passengers who do not complete online check-in in advance will incur additional charges for obtaining their boarding passes in person at the airport. The website also outlines various fees for services such as checking in large equipment or traveling with an infant.
The Post reached out to Ryanair for comment on the situation.
This incident has drawn attention to the policies and practices of low-cost airlines like Ryanair, sparking discussions about transparency, customer service, and passenger responsibilities when flying with such carriers.
Tech stocks falter as AI boom faces reality; market shifts towards gold amidst growing investor caution.
Global tech stocks are losing altitude as investors question whether the AI boom has gone too far — or if the market is simply returning to earth after years of euphoric growth. With valuations for chipmakers and AI giants stretched to perfection, analysts warn that expectations may finally be colliding with economic reality.
In this segment, Brad Gastwirth from Circular Technologies joins us to unpack the trillion-dollar question: is this a healthy correction or the first crack in the AI gold rush? From hyperscaler capex surges to regulatory risks and fragile market leadership, he breaks down what’s driving investor nerves.
We also explore how the market rotation into gold and real assets reflects growing caution, and what this could mean for the future of AI-driven investing.
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In Short:
– Rate cut likelihood by the Reserve Bank has decreased due to a rise in annual inflation to 3.2 per cent.
– Significant price increases in housing, recreation, and transport are raising concerns for the Reserve Bank.
The likelihood of a rate cut by the Reserve Bank has decreased significantly after a surge in annual inflation.
The Australian Bureau of Statistics reported that inflation for the year ending September rose to 3.2 per cent, reflecting a 1.1 per cent increase.
Trimmed mean inflation, a crucial measure for the Reserve Bank, was recorded at 1 per cent for the quarter and 3 per cent for the year. The bank anticipates inflation to reach 3 per cent by year-end, while trimmed mean inflation is expected to slightly decrease.
The quarterly rise of 1.3 per cent in September exceeded expectations. Governor Bullock noted that a deviation from the Reserve Bank’s projections could have material implications.
Financial markets reacted promptly, with the Australian dollar rising against the US dollar, while the ASX200 index fell.
The most significant price increases were observed in housing, recreation, and transport, indicating widespread price pressures that concern the Reserve Bank.
Despite the unexpected inflation rise, some economists believe the Reserve Bank may still consider rate cuts in December, viewing current price spikes as temporary due to the winding back of subsidies.
Economic Pressures
Broad-based economic pressures suggest that the Reserve Bank may not reduce interest rates at its upcoming meeting. Analysts highlight the need for ongoing support for households facing cost-of-living challenges.
In Short:
– U.S. stocks rose to record highs on Friday due to lower inflation and strong corporate earnings.
– Key earnings reports from major companies are expected next week, influencing market trends.
U.S. stocks rose to record highs on Friday due to lower-than-expected inflation data and positive corporate earnings.The S&P 500 and Nasdaq achieved their largest weekly gains since August. The Dow saw its biggest jump from Friday to Friday since June.
The Labor Department reported that the Consumer Price Index was slightly cooler than analysts’ predictions, easing concerns about inflation impacts from tariffs. This development suggests a likely interest rate cut by the Federal Reserve at its upcoming meeting.
Ryan Detrick from Carson Group noted the positive inflation news may facilitate forthcoming Fed rate cuts. Despite the ongoing government shutdown affecting data releases, this CPI report provided much-needed clarity.
Earnings reports are continuing, with 143 S&P 500 companies having reported results. Growth expectations for third-quarter earnings have risen to 10.4%. Detrick indicated a strong opening to the earnings season with a significant percentage of companies exceeding expectations.
This coming week, key earnings will be reported from Meta Platforms, Microsoft, Alphabet, Amazon, and Apple, alongside industrial companies like Caterpillar and Boeing.
The Dow rose 472.51 points to 47,207.12. The S&P 500 increased by 53.25 points to 6,791.69, while the Nasdaq gained 263.07 points, reaching 23,204.87.
Alphabet gained 2.7% following a deal expansion with Anthropic. Coinbase saw a 9.8% increase from a JPMorgan upgrade. In contrast, Deckers Outdoor’s shares fell 15.2% after lowering sales forecasts.
Market Trends
Advancing stocks on the NYSE outnumbered decliners by 2.18 to 1. The S&P 500 had 34 new highs, with the Nasdaq recording 124.
Trading volume was 19.04 billion shares, lower than the average of the past 20 days.