Laudamotion

Ryanair unveiled Monday plans for an overhaul to create four subsidiaries as the no-frills airline also revealed a third-quarter loss of 20 million euros and said a no-deal Brexit "remains worryingly high", reports AFP. 

Mirroring a set-up by British Airways and Iberia owner IAG, a statement said it planned to have four distinct operations, each with its own chief executive.

Niki Lauda aims to turn a profit from next year with Laudamotion, the airline he has rebranded after buying it back from insolvent Air Berlin, the ex-motor racing champion said on Friday.

The carrier will fly from Germany, Switzerland and Austria to holiday destinations in Greece, Spain and Italy in summer and add city shuttles and charter flights later this year.

[Reuters]