Ryanair, EasyJet Compete in Budget Air Market

Feb. 3 (Bloomberg) -- John Strickland, Director and Analyst of Aviation at JLS Consulting, discusses various strategies at Ryanair to raise revenue and keep up with their competitors. He speaks on Bloomberg Television's “The Pulse.” (Source: Bloomberg)
VW Faces Costly Fixes as it Seeks to Cut Spend
11:04 - Volkswagen AG Chief Executive Officer Matthias Mueller said the company will delay or cancel non-essential projects as pressure mounts to slash spending in the wake of the diesel-emissions scandal. Fixing about 11 million rigged diesel vehicles is a costly prospect. The 6.5 billion euros ($7.29 billion) Volkswagen already set aside for repairs won’t be enough to cover fines and potential legal damages as well, Mueller said. The company is exploring options from a simple software upgrade to outright replacing some cars. Fines may reach $7.4 billion in the U.S. alone, according to analysts from Sanford C. Bernstein Ltd.
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