Tag Archives: ryanair

Ryanair gloomy despite huge profits

Budget airline Ryanair, which says it is considering charging passengers to use the toilet, announced a huge increase in profits Monday, revealing recession-busting results in sharp contrast to other carriers grounded by financial trouble. The Irish airline, which boosts revenues by billing for baggage, snacks and even checking in, announced a first quarter profit increase of 550 percent — or $195 million — crediting a drop in fuel prices and increased traffic for the growth. But despite bullish promises of expansion, Ryanair boss Michael O’Leary warned that the full year outlook remained gloomy with a fierce price war likely to result in a yield decline of more than 20 percent

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Ryanair slashes UK flight schedule

Budget airline Ryanair announced plans Tuesday to slash its winter flights schedule from its main UK hub, blaming a collapse in the British tourism industry, rising airport costs and "insane" aviation taxes. The Irish carrier currently operates 40 aircraft out of Stansted Airport, near London, but it plans to cut capacity by 40 percent to 24 aircraft by October 2009. That will mean a 30 percent drop in the number of weekly flights and a loss of 2.5 million passengers between October and March 2010, Ryanair said in a statement

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