Mobility

Ryanair Reports Record €2.26 Billion Net Profit as Fuel Hedging Strategy Shields Against Market Volatility

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Ryanair announced record net profits of €2.26 billion for fiscal year 2026 (ending March 31), a 40% increase driven by reduced expenses and higher revenues from passenger growth and fares. The airline projects stable ticket prices during peak summer months and increasing confidence in jet fuel supply despite Middle East tensions. The company’s conservative fuel hedging strategy (80% of FY2027 fuel hedged at $67/barrel) protects margins as spot prices exceed $150/barrel. CEO Michael O’Leary’s contract extension negotiations through 2032 are nearing completion.

IoMobility 2026 Awards Recognize 15+ European Startups Driving Innovation in Mobility Sector

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The 6th edition of IoMobility awards ceremony recognized 15+ European startups and companies innovating in mobility sector. Major winners include: Powandgo (electric vehicle charging sharing network from Brescia), ParkSmart (smart parking from Catania), Btinkeeng (public transport solutions from Trentino), Flowy (public transport ticketing from Florence), Latitudo 40 (geospatial intelligence from Naples), Ses4mo (vulnerable road users protection from Turin), among others. Awards covered categories including energy for mobility, innovative parking, public transport, MaaS, AI/data analytics, autonomous vehicles, smart roads, sustainability, and fleet management.

Grupo Brisa Reports Strong 2025 Growth With €1.23 Billion in Revenue Following Strategic Merger

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Grupo Brisa, Portugal’s highway concessions operator, reported 2025 revenues of 1,231.6 million euros, a 13% increase from 2024. The group completed a merger with Rubicone BidCo effective January 1, 2025, strengthening its financial capacity. Net income was 173.4 million euros (down 44% from 2024 due to accounting effects of the merger). EBITDA increased 5.3% to 860.9 million euros. The group invested 109 million euros in infrastructure maintenance and improvements, a 25.9% increase from the previous year.

Hyundai’s 42dot invests 1 million euros in Romanian automotive software startup OxidOS Automotive

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OxidOS Automotive, a Cluj-based Romanian startup that develops software development tools and operating systems for the automotive sector, raised 1 million euros from Hyundai’s 42dot unit. The company creates platforms that enable automotive manufacturers and integrators to implement software safely and securely faster by reducing development, debugging, and certification time. This investment follows a 1.2 million euro seed round led by Early Game Ventures in 2022.

Bolt Users in Romania Increasingly Taking 400+ km Intercity Rides on Ride-Sharing Platform

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Bolt announced that Romanian users are increasingly using its ride-sharing platform for long-distance intercity trips of over 400 km. The company clarified the legal framework allowing alternative transport operators to conduct both permanent services within their home locality and occasional services to other locations. Notable long-distance rides include a 469 km journey from Timișoara to Miercurea Ciuc.

Danish GoMore Acquires Getaround Europe to Create Continent’s Largest Peer-to-Peer Car-Sharing Platform

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Danish peer-to-peer car-sharing platform GoMore has acquired Getaround Europe, creating Europe’s largest P2P car-sharing platform with operations in 11 countries across Northern and Western Europe. The combined company has 5 million users, 70,000 active shared cars, and 1.5 million annual rentals. The acquisition is backed by prominent Danish investors and financing from EIFO and Nordea.

Portuguese Investor António Moreira Proposes €17 Million Acquisition of Azores Airlines

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Portuguese investor António Moreira, through UK-based ALM Investment Holding, has made a proposal to acquire 85% of Azores Airlines for 17 million euros with a commitment to invest up to 500 million euros following debt restructuring. The privatization process has attracted 6-8 interested parties including Icelandair and Binter.