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Old January 20th, 2011, 06:37 PM   #1801
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The Source : EasyJet Customers Don't Like Paying For "Extras"
20 January 2011

(This article has been posted on The Source, the Wall Street Journal Online's site for European real-time analysis.)

EasyJet Thursday provided more evidence that rising oil prices are pushing up airline ticket prices, but it is the drop in the low-cost carrier's ancillary revenue in its fiscal first quarter that is troubling.

Ancillary revenue isn't quite the life blood of budget airlines, but it is an important factor for those carriers that offer cheap ticket prices to fill their planes in the hope of maximizing revenue from extras.

Those extras are checked-in baggage that is stowed in the cargo hold, speedy boarding, whereby passengers pay a premium to board aircrafts first to choose their seats, and in-flight sales of food, drinks and other items, and so on.

But it seems far fewer people are prepared to pay for these 'extras' since the imposition value-added tax on some goods, which came into effect in the second quarter of 2010.

Now, easyJet has revealed that revenue per seat from baggage checked into the hold dropped 37 pence to GBP4.02 in the three-month period to Dec. 31.

It may not sound much, but for an airline that flew 48.8 million passengers in its last financial year, it's a big deal.

Essentially, penny-pinching passengers have taken over-sized luggage into cabins and squeezed them into overhead bins, rather than pay to stow them in the holds.

If the trend continues for the year, the impact could be double-digit millions of pounds in lost revenue.

EasyJet said it is reviewing its baggage policy in light of the drop in ancillary revenue. That likely suggests a get-tough approach to passengers whose bags don't meet the standard sizes for carry-on luggage.

Its charges for checked-in baggage compare favorably with rivals. EasyJet's rates vary between GBP9 and GBP11 per bag compared with GBP15 to GBP20 at Ryanair, for instance.

But Ryanair has a policy of discouraging passengers from checking in bags. There's no suggestion that easyJet will take that route.
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Old January 21st, 2011, 10:59 AM   #1802
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EasyJet First-Half Loss Could Double; Shares Tumble
20 January 2011

LONDON (Dow Jones)--EasyJet PLC (EZJ.LN) shares fell more than 10% Thursday after the budget airline cautioned its fiscal first-half pretax loss could double year-on-year due to higher fuel costs, although it said it expected a robust second half and said its full-year expectations remained "broadly unchanged."

"The economic outlook in Europe remains uncertain and the higher market price of fuel will inevitably put pressure on margins in the short term," easyJet said in a statement.

EasyJet forecast a pretax loss for the six-month period ending March 31 of between GBP140 million and GBP160 million, up from a pretax loss of GBP78.7 million in the same period a year earlier. The company typically posts losses in its fiscal first half, which covers the seasonally slower autumn and winter months.

Fuel costs in the first half were expected to be GBP1.17 a seat higher than a year earlier, easyJet said, noting that the current market price of jet fuel is $897 a metric ton compared with $681 a ton a year ago.

Ancillary revenue per seat fell 27 pence to GBP9.63 as a reduction in the take-up of checked bags meant that first bag revenue dropped 37 pence to GBP4.02. EasyJet said it was now reviewing its baggage policy to accommodate the needs of consumers in different European markets.

At 0848 GMT, easyJet's shares traded down 58 pence, or 13%, at 398 pence, making it the biggest loser in the FTSE 250 index, which traded down 0.8%. The impact hurt rival Ryanair Holdings PLC (RYA.DB), whose shares in Dublin traded down EUR0.11, or 2.9%, at EUR3.62.

Investec Securities described easyJet's trading update as a "mixed bag," and said the fall in ancillary revenue was a concern. It placed its forecasts and 592-pence target price under review.

Luton, England-based easyJet reported that passenger numbers in the three-month period to Dec. 31 rose 8.8% year-on-year to 11.9 million and revenue grew 7.5% to GBP654 million, as growth in underlying yields more than offset the weakness on ancillary revenue.

Load factor in the quarter increased 0.9 percentage points to 86.7%. The total number of seats flown in the quarter grew 7.7% to 13.8 million and total revenue per seat was flat at GBP47.48.

A greater proportion of 180-seat Airbus A320 aircraft in the fleet improved easyJet's unit costs and overall contribution per seat, more than offsetting a dilution of yields. In the quarter, it converted some orders for Airbus A319s to A320s and secured options on another 33 A320s.

The carrier said that strikes in the fiscal first quarter by air-traffic controllers, in France and Spain, in particular, cost GBP6 million and disruptions caused by severe winter weather a further GBP18 million. It said it was working to recover a significant proportion of the GBP24 million total through additional costs savings and revenue opportunities.

On a reported basis, costs per seat excluding fuel fell 2.9% before the additional cost of disruptions.

EasyJet said it handled the snow disruption far more proactively than the previous winter, resulting in less uncertainty for passengers and reducing the cost per incident by around 10%.

However, its on-time performance in the quarter fell to 65% as at least one of its airports was closed for 30 consecutive days.

EasyJet Chief Executive Carolyn McCall said disruptions caused by snow in the past two years highlighted "the need for airports to invest in the appropriate infrastructure to keep passengers moving."
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Old January 21st, 2011, 08:14 PM   #1803
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Aer Lingus hires Ryanair aircraft to fly full schedule
21 January 2011
Irish Times

AER LINGUS has hired aircraft from Ryanair and other airlines in an effort to operate a full flight schedule today as its dispute with cabin crew continues.

Aer Lingus said last night that more than 100 members of cabin crew, who are represented by the trade union Impact, had been taken off the payroll by management for refusing to operate controversial new rosters.

Impact said yesterday that it had submitted 28 discrimination claims to the director of the Equality Tribunal on behalf of cabin crew who had been removed from duties and payroll.

It said it had asked the tribunal to investigate claims that the company’s action may breach equality laws that ban discrimination on the grounds of family status and gender.

The union said the discrimination arose from the imposition of rosters which had greater impact on female staff and which made it impossible for staff to manage their family responsibilities.

Separately, it is understood that the pilots’ association Ialpa is to donate €100,000 to alleviate financial distress to cabin crew as a result of the dispute.

Yesterday Aer Lingus cancelled 34 flights to British and European destinations because of the dispute. The cancellations caused disruption to more than 2,600 passengers.

However, in a statement yesterday, Aer Lingus said that it hoped to operate a full service today.

“In an effort to ensure that we can operate a full schedule from tomorrow Friday, Aer Lingus has hired in aircraft from a number of carriers, including Ryanair.

“Our intention is to operate a full schedule from tomorrow and minimise further disruption to customers caused by this unnecessary dispute.”

Aer Lingus, which had by last night hired nine aircraft for today’s flights, had been seeking assistance when Ryanair made its offer.

Ryanair chief Michael O’Leary said that his company would be providing four or five aircraft at preferential rates to Aer Lingus.

“As a minority shareholder we are always here to help,” he said.

Asked whether Ryanair was offering a discount on the aircraft as a shareholder, Mr O’Leary said: “Yes, we are doing them at lower than market rates.”

Commenting on the dispute between cabin crew and Aer Lingus, Mr O’Leary said the company needed to win and win quickly. “If we can help in that process then we will help,” he said.

“This is a good time [January] to deal with them [the workers]. Clearly, the union are backtracking on a deal, as only a union can do.

“We’d like the company to resolve this as quickly as possible and with the minimum disruption as possible.”

He said the aircraft were available “straight away”. Pilots and cabin crew would also be offered under a process known as a “wet lease”.

Mr O’Leary described the arrangement as “routine” and noted how Ryanair had entered into similar arrangements previously with Aer Lingus and last year with British Airways.
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Old January 28th, 2011, 08:33 AM   #1804
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In the cheap seats
29 January 2011
The Economist

With traffic expected to slow, low-cost air carriers are getting fancy

SINCE taking off in the mid-1990s, Europe’s budget airlines have soared to account for a third of all air travel in the region. But their growth is slowing. Having introduced holidaymakers to once obscure places like Tallinn and Sharm el-Sheikh, the low-cost carriers are left with few new places to explore. National airlines such as British Airways and Lufthansa have tried to defend their business by offering stripped-down service and cheaper fares on more short-haul routes. “The low-cost carrier market used to be about fast growth and uncomplicated strategies,” says Keith McMullan, of Aviation Economics, a consultancy. “Now it is about slow growth and complicated strategies.”

The model for all the new outfits was Southwest Airlines, the original American budget carrier. Low-cost airlines held down maintenance costs by using just one kind of aircraft, bought in large numbers with bulk discounts. They charged for, or did away with, frills like meals and drinks. Aeroplanes flew back and forth along a single route, often between quiet, out-of-the-way airports, rather than using busy hubs. As a result the airlines could turn planes around in less than half an hour. Almost from the beginning, bookings took place online. Such savings were passed on to customers.

Ryanair, the market leader (see chart), exemplifies how the industry is changing. Its passenger growth is expected to slow from 14% in 2009-10 to 6% by 2013 and just 4% thereafter. Ryanair is still committed to cheap fares and secondary airports where landing charges are low or non-existent. But it plans to drop ultra-low fares on new routes and may move some flights to primary airports, which are wooing low-cost carriers to boost flagging growth. Ryanair has already moved into one in Barcelona. In future it will concentrate less on increasing traffic and more on extracting larger amounts of money from each passenger.

Its main rival is going further. EasyJet already offers greater frequency on its routes and makes more use of primary airports such as London Gatwick and Paris Charles de Gaulle. It is also targeting cost-conscious business travellers. The firm recently smartened up cabin service. Passengers can opt for priority boarding either by paying extra for their ticket (as with Ryanair) or by joining easyJet’s loyalty scheme. There is an exception: easyJet’s German operation aims at the sun-seeker market.

EasyJet certainly needs a new direction. It has struggled in recent years as cost-cutting ate into reliability (Ryanair, by contrast, has a good reputation for punctuality and keeping passengers together with their luggage). On January 20th easyJet’s shares fell by 16% after a trading statement forecast losses of £160m or so in the six months to the end of March. The listed airline has sparred with its founder and biggest shareholder, Sir Stelios Haji-Ioannou, who thinks it has been buying too many aircraft and is losing too much money in winter.

Perhaps the most dramatic example of changes in the market is Air Berlin, which has swallowed several smaller carriers to emerge as Germany’s second airline and the third-biggest budget carrier in Europe. Air Berlin now arranges its timetables to encourage transfers at its Berlin Tegel, Düsseldorf and Palma hubs, like a traditional network carrier. It also has a frequent-flyer programme. Through its Niki associate in Austria, the airline even offers a direct flight from Berlin to Dubai three times a week. It is discussing a co-operation deal with Emirates, so that passengers from the Gulf carrier can connect in Vienna to fly to other European cities. Air Berlin is also joining the oneworld alliance based around British Airways and American Airlines.

Like Air Berlin, Norwegian, the fourth-largest budget carrier, is spreading its wings by offering longer flights to the Middle East and north Africa—encroaching further into traditional airlines’ territory. They will have to get used to such incursions. The European sky used to offer a stark choice between full-service and budget airlines. It is increasingly crowded with options of all shapes, sizes and costs. Take your pick, and hope your luggage arrives.
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Old January 28th, 2011, 12:32 PM   #1805
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Prestwick airline has carried 20m passengers
26 January 2011
Evening Times

AN Ayrshire nurse has become the 20 millionth passenger to fly with Ryanair from Prestwick Airport.

Patricia McPhillimy was met at the airport by Transport Minister Keith Brown, who presented her with flowers and a bottle of champagne.

She was also given a free return flight on any of the airline’s routes.

The 49-year-old, from Barassie, near Troon, had just stepped off a flight from Dublin, where she had spent the weekend celebrating her sister’s birthday.

She said she would use her prize to help celebrate her wedding anniversary later this week, joking that her husband John would not now have to buy her flowers.

She said: “I’m in shock, I can’t believe it. It’s been a lovely experience.”

Mrs McPhillimy is originally from Tipperary in Ireland, and said she often used the airline to fly back to see her family.

She said: “As long as Ryanair has been here I’ve been using it, it means I can go home more often.

“It’s my anniversary in a couple of days, so we’ll be drinking the champagne then.”

Ryanair began operating passenger flights from Prestwick in 1994.

Airport boss Iain Cochrane said Ryanair’s 20 millionth passenger was a “milestone” that demonstrated the “great success” of its partnership with Prestwick.

Mr Brown added: “Prestwick and Ryanair make a substantial contribution to Scotland’s connectivity and I look forward to their already well established relationship going from strength to strength.”

The Transport Minister also said he had written to the UK Secretary of State for Transport Philip Hammond in a bid to prevent BMI cancelling its Glasgow to Heathrow route.

Last week, it was reported BMI was considering scrapping the route to save money.

Mr Brown said he had also spoken to BMI and airport operator BAA over the issue.

He said: It’s vitally important that we have competition on the main routes between Glasgow and London. We need to make sure BMI retain those flights.”
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Old January 30th, 2011, 03:57 PM   #1806
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Old January 30th, 2011, 06:44 PM   #1807
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Aer Lingus booking seats on Ryanair
27 January 2011
Irish Times

AER LINGUS has begun booking seats on Ryanair flights for passengers affected by its dispute over rosters with cabin crew.

The former State airline is also to lease a sixth aircraft from Ryanair as it continues to plug gaps in its schedule created by the dispute, which has resulted to date in the removal of 215 Aer Lingus staff from its payroll.

Aer Lingus expects that about 14 scheduled flights could be cancelled today as the dispute, which is now in its second week, continues to escalate.

As well as the leasing of aircraft from its rival, Aer Lingus has been booking flights, at a discount, on Ryanair’s scheduled services for passengers travelling to cities where both airlines operate.

Ryanair chief executive Michael O’Leary said yesterday the airline was also prepared to accommodate “walk-up” Aer Lingus passengers at airports who have had their flights cancelled at short notice.

“We’ll take as many of their passengers as we can fit on our flights,” he said.

Aer Lingus said the flights likely to be affected by disruption today would be on some UK and European routes.

The airline has said that it is seeking to confine any disruption to routes where it operates a number of services daily. It has said that most intending passengers would be able to reach their destination on the same day.

Mr O’Leary called on Aer Lingus to sack members of its cabin crew staff who are refusing to operate controversial new rosters that it introduced unilaterally last week.

He said Ryanair would continue to support Aer Lingus in its dispute with cabin crew and their trade union Impact.

He also disputed claims from the union that Aer Lingus was spending €40,000 per round trip to lease aircraft from Ryanair to fly routes to the UK.

“I wish,” Mr O’Leary said. “[We’re going] out and back to the UK and Europe for less than €10,000, although obviously it varies, depending on the length of the flight.”

Mr O’Leary said Ryanair, which owns just under 30 per cent of Aer Lingus, could make more aircraft available to its Irish rival.

“We could provide more once we get into the middle of next week. If they need more aircraft, we will provide them with more aircraft.”

Mr O’Leary said Aer Lingus should withdraw travel privileges from its cabin crew and sack those who refused to work the new roster arrangements, which Aer Lingus maintains are required to facilitate an increase in cabin crew flying hours to 850 per year.

The union has argued that the rosters are excessively onerous and not family-friendly.

“It’s the only way you’re going to face [down] these trade union disruptions,” he said.

“If they don’t want to comply with an agreement that 93 per cent per cent of them voted in favour of, then they should leave.”

Ryanair has also ceased, for now, running newspaper advertisements mocking Aer Lingus’s 75 years of high fares, flight cancellations and strikes.

“We haven’t run any since [last] Sunday. Defeating Impact’s determination to disrupt Aer Lingus is a more important issue to us at the moment.”

Meanwhile, Impact last night said it stood over its estimated cost of the Aer Lingus contingency arrangements.

“If Aer Lingus or its suppliers came clean about what’s actually being spent, we wouldn’t have to work off estimates. But €40,000 per round trip is a conservative estimate of the cost of hiring aircraft and crew at short notice and we stand over it.”
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Old January 31st, 2011, 05:09 PM   #1808
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Ryanair upbeat as fares, passenger traffic climb

DUBLIN, Jan 31 (Reuters) - Europe's biggest low-cost airline Ryanair sees its full-year profit at the upper end of expectations as rising passenger numbers and average fares help offset disruption from strikes and bad weather.

The Irish airline said it was on track to make net profit in the year to March towards the top of a 380 million euro ($517 million) to 400 million euro target range.

Ryanair, which operates more than 1,500 flights a day, said it made a net loss of 10 million euros in the third quarter to the end of December. This compared with an 11 million euro loss a year earlier and a forecast for a net loss of 13.4 million euros by in-house broker Davy.

"This small Q3 loss is disappointing, as we were on track to break even, but earnings were hit by a series of air traffic controllers (ATC) strikes compounded by a spate of bad weather airport closures in December," said CEO Michael O'Leary.

Ryanair did not quantify the cost of the disruption.

Rivals easyJet and Air Berlin said last week they would take hits of 31 million pounds and 30 million euros respectively from strikes and winter weather across Europe.

Shares in Ryanair, which had lost around 10 percent of their value over the last three weeks on fears over the impact from the disruption, were up 1.6 percent to 3.68 euros at 0930 GMT.

NCB analyst Murray McCarter said Ryanair's update was reassuring following easyJet's recent profit warning.

"In particular the strong increase in fares and ancillary revenues is impressive despite the challenging conditions through the winter," he said.

Ryanair cancelled over 3,000 flights in the third quarter compared with over 1,400 cancellations in the previous year.

Airlines traditionally lose money in the third quarter which is the quietest period of the year for the industry.

BETTER MIX

The company said last month it would take legal action against Spanish unions over an ATC strike which forced it to cancel 500 flights.

O'Leary said he expected passenger numbers and average fares to continue to benefit in the fourth quarter from a better mix of new routes. The airline has offset weakness in the domestic economy by growing in lower cost markets like Spain and Italy. O'Leary also said Ryanair had been protected from significant rises in oil prices in recent months by its fuel hedging strategy. The airline is 90 percent hedged for the fourth quarter at a price of $750 per tonne compared with the current spot price of $890 per tonne, it said. Ryanair said it was benefiting from flag carriers being weakened by raising their prices through putting fuel surcharges on many short haul flights.

In an interview with Reuters, finance director Howard Millar said he expected that trend to continue in 2011.

"I think you'll see fuel prices move upwards for the industry. As part of that we expect flag carriers to put up fuel surcharges. That widens the gap between their fares and our fares," he said.

Davy analyst Stephen Furlong said Ryanair would be a beneficiary of current fuel prices.

"We still believe that Ryanair will be one of the key winners in this higher fuel environment, the key being that demand for its business model remains strong," he said.

Millar said Ryanair was picking up market share and anticipated continuing to do so in the coming year.

"Ourselves and easyJet are the only two carriers of any size and shape growing this year and next year. The flag carriers have stopped growing and are continuing to retreat," he said.

Millar said Ryanair would be interested in buying Ireland's 25 percent stake in rival Aer Lingus should it be put up for sale by a new government looking to raise money through the sale of state assets after the forthcoming election.

"Everything's up for grabs now. We're going to have a new government soon. At some stage they'll have to think about it."

Ryanair said it grew total revenue by 22 percent to 746 million euros during the quarter benefiting from a 6 percent increase in passenger numbers to 17 million and a 15 percent rise in average fares. ($1=.7344 Euro)
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Old February 1st, 2011, 04:36 PM   #1809
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Ryanair says to reopen routes from Marseille
1 February 2011
AFP

Low-cost European airline Ryanair said Tuesday it would reopen most of the routes from the French city Marseille which it shut in protest at being prosecuted over its employment practices.

"We can never get all the traffic back," chief executive Michael O'Leary told reporters in the Mediterranean city. But he said he hoped to pick up 75 percent of the traffic from the routes that Ryanair cut last month.

Ryanair last month abandoned its base at Marseille airport in protest over French prosecutors; refusal to drop charges against it for hiring workers on Irish contracts which they said breached labour laws.

The company cut 13 routes from Marseille to destinations in Europe and Morocco, served by four aircraft based in the French city. But it continued to run 10 routes to and from the airport by planes based elsewhere.

Now, O'Leary said Tuesday, the airline will reopen routes and get around the court ruling by not basing its planes in Marseille on a permanent basis and by regularly changing the pilots and air crew working on the reopened routes.

"They will generally be Irish pilots and cabin crew moving temporarily to Marseilles through the summer," he said.

This way, Ryanair is "avoiding the obligation to pay taxes and social insurance in France, but I emphasise all these people will continue to pay taxes and social insurance in Ireland," he added.
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Old February 1st, 2011, 05:36 PM   #1810
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Old February 2nd, 2011, 04:41 PM   #1811
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Ryanair eyes Chinese or Russian jets
1 February 2011
The Daily Telegraph

RYANAIR raised the prospect of buying new aircraft from China or Russia as it fell to a €10.3m (£8.8m) net loss in its third-quarter, hit by air traffic control strikes in Europe and the pre-Christmas snow.

Michael Cawley, deputy chief executive, said that having failed to agree a deal for 200 new planes from either Boeing or Airbus, the low-fare carrier's growth would slow dramatically over the next two years.

Ryanair expects passenger volumes to rise 11pc to 73.5m in the year to March 31, 2011, on top of a 14pc increase the previous year. For the next two financial years, however, growth slows to 7pc and 6pc as the carrier takes delivery of far fewer aircraft.

"If we can't get aircraft at the prices that make sense for us, given fuel prices and the fares we can earn from passengers, we will not expand beyond the level we are projecting of 300 aircraft and 83.5m passengers by March 2013," Mr Cawley said.

He said there was "no progress to report" in talks with Boeing and Airbus but added: "We're talking to everyone, the Russians and the Chinese as well." Asked if Ryanair would seriously place a major order with an untried supplier from China or Russia, Mr Cawley said: "We would do anything seriously that would save us money."

Failure to agree a new aircraft deal would see Ryanair, with €2.3bn of gross cash, pay another special dividend following last year's €500m payment to investors.

Total revenues in the third quarter rose 22pc to €746m, with passengers up by 1m to 17m and average fares rising 15pc to €34. Pre-tax losses rose €200,000 to €12.7m.

Michael O'Leary, Ryanair's chief executive, said the loss was "disappointing as we were on track to break even" before the €13m costs from the air traffic control strikes and snow chaos. Even so, the airline now expects full-year net profits at the "upper end" of a forecast €380m to €400m.

Ryanair has also hedged 80pc of next year's fuel needs at about $80 a barrel.

Andrew Fitchie, an Investec analyst, said there was "scope for continued growth and yield improvement by the low cost carriers". Ryanair shares rose 1 cent to €3.64.
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Old February 3rd, 2011, 06:48 AM   #1812
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Not that I think it'll happen, but if it actually does it'd be the biggest coup for the Russian jet. If they can get a high profile Western customer, it'll pave the way for many more Western customers.
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Old February 3rd, 2011, 05:55 PM   #1813
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Ryanair Holdings Jan Traffic Grows 5%
3 February 2011

LONDON (Dow Jones)--Ryanair PLC (RYAAY), the budget airline, said Thursday it carried 4.66 million passengers in January compared with 4.44 million in January 2010 a rise of 5%.

MAIN FACTS:

-For the 12 months ended Jan. 31, the airline carried 72.9 million passengers.

-Jan load factor, the number of passengers as a proportion of the number of seats available for passengers, was 71% compared with 70%, and 82% for the rolling 12 months.

-Year to date traffic figure includes up to 1.45 million passengers booked on flights which were cancelled due to the unnecessary closures of E.U. airspace during the Icelandic volcanic eruptions in April/May 2010.

-Shares in London at 1300 GMT up 2 cents, or 0.5%, at 367 cents valuing the company at EUR5.47 billion.
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Old February 8th, 2011, 06:45 PM   #1814
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Ryanair paid airport body €3.5m to settle action.
7 February 2011
The Irish Times

RYANAIR PAID €3.5 million last month to the Dublin Airport Authority to settle a legal action relating to the breach of a five-year contract with Shannon airport on passenger charges, The Irish Times has learned.

It is understood that the airport authority had sought about €5 million in damages from Ryanair, but accepted the lower amount in an out of court settlement.

Ryanair has also agreed to pay the airport authority’s legal costs, which are thought to amount to several hundred thousand euro.

At a hearing in the Commercial Court last Tuesday, Justice Mary Finlay Geoghegan struck out the case and an order was made on consent for costs against Ryanair.

The action related to a five-year discount deal on passenger charges between Ryanair and Shannon that was agreed in November 2004.

The deal ran from May 2005 until April 2010.

It involved Ryanair being offered a substantial discount on airport charges – it paid between €1 and €2 per person – in return for carrying an agreed number of passengers.

Shannon’s standard charge at the time was €4 per departing passenger.

Ryanair agreed to increase the number of passengers it carried each year of the deal up to a target of two million by April 2010.

Ryanair based a number of aircraft at Shannon and met its targets for the first three years.

But it failed to hits its target in year four and announced in February 2009 that it was scaling back its operations at Shannon.

Under the terms of the agreement with Shannon, Ryanair was required to pay compensation to the airport manager if it did not meet its targets.

This involved Ryanair paying the full airport charge on any shortfall in passengers as per the deal.

A force majeur clause was included in the contract and Ryanair sought to invoke this by claiming that the introduction of a €10 air travel tax by the Government in March 2009 made it impossible for it to reach the agreed targets and rendered the deal null and void.

The airport authority, which has responsibility for Shannon Airport, rejected this claim and initiated legal proceedings with Ryanair to recover the sum owed under the terms of the contract.

The airport authority also took action in relation to the late payment by Ryanair of fees due in relation to its activities at Dublin, Cork and Shannon airports.

This was settled in January, too, with Ryanair paying compensation to the airport authority.

When contacted a spokesman for the airport authority said: “The case had been settled and the company is satisfied with the outcome.”

He declined to comment on the details of the case or the settlement. Ryanair declined to comment on the case yesterday.

Shannon’s deal with Ryanair was announced shortly after the airport was given greater autonomy from the former Aer Rianta, a predecessor of the airport authority, by the Government.

Under a plan devised by former minister for transport Séamus Brennan, Shannon and Cork airports were to have been given full autonomy from the airport authority.

However, this move was shelved by former minister for transport Noel Dempsey some time ago in light of the economic crash and a sharp reduction in visitor numbers to Ireland.

Ryanair operates flights to just 10 destinations from Shannon airport.
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Old February 10th, 2011, 04:02 PM   #1815
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Stelios hits out at former easyJet CEO pay deal

LONDON, Feb 10 (Reuters) - EasyJet's largest shareholder and founder Stelios Haji-Ioannou on Thursday said he would vote against a resolution to approve directors' remuneration for 2009/10 at the budget airline's annual general meeting. Haji-Ioannou, who is still easyJet's largest shareholder with a 26 percent stake, wrote to the carrier's Chairman Michael Rake on Thursday to complain that he was not consulted on Andrew Harrison's (the former easyJet Chief Executive) payment deal covering the period April 1 to Sep. 30, 2010 by the then interim Chairman, David Michels.

Harrison left the airline at the end of June, 2010 but agreed to be available on a consultative basis.

Accounts show that Harrison received 750,000 pounds for the period from April 1 to Sept. 30 and a 250,000 pounds bonus. He also received a 1.2 million pounds retention bonus to stay with easyJet after he resigned.

"The main criticism against David (Michels) is that by insulating the pay of Harrison from the actual results in the 2009 deal, he gave the CEO the right to destroy shareholder value in the summer of 2010 with impunity," Stelios said in the letter.

Stelois said he would also abstain from voting on a resolution to re-elect Michels as a director of the company.

EasyJet's AGM is due to take place next Thursday.

Shares in easyJet were 2.4 percent down at 379.50 pence by 1055 GMT, valuing the company at around 1.6 billion pounds ($2.57 billion).
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Old February 16th, 2011, 07:46 PM   #1816
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Source : http://pic.feeyo.com/posts/436/4363888.html





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Old February 19th, 2011, 07:53 AM   #1817
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Ryanair drops plans to launch Plovdiv-Barcelona flight

SOFIA, February 17 (Dnevnik BFNS) - Irish low-cost airline Ryanair scrapped plans to launch flights between the Bulgarian city of Plovdiv and Barcelona's Girona airport a month before it was scheduled to start servicing the destination.

The company, which had announced it would launch the route on March 27, started offering tickets for the destination in late 2010. According to information published on the Plovdiv airport website, Ryanair is expected to make proposals for an alternative destination. "The airline will contact all customers who have already purchased tickets," the statement said.

The cancellation has been prompted by the Spanish airport's decision to terminate a five-year contract with the airline, as the new government of Catalonia "has refused to honour its agreement with Ryanair," the company said on its website. The carrier will cancel further 17 flights from the Spanish airport.
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Old February 21st, 2011, 02:31 PM   #1818
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Ryanair to target ads on boarding passes
21 February 2011
The Wall Street Journal Europe

In a move to boost revenue from sources other than ticket sales, Irish budget airline Ryanair Holdings PLC is teaming up with a travel-media company to sell targeted advertising aimed at passengers booking and checking in online.

London-based Ink, the world's largest producer of in-flight magazines, is working with Ryanair to offer ads that can be customized according to a traveler's route and demographic data. The ads will appear online and on home-printed boarding passes.

Many airlines do similar things, but the Ink's approach aims to tailor pitches much more precisely to an individual traveler to generate higher ad rates. Ink Chief Executive Jeffrey O'Rourke said initial contracts with advertisers are being priced at several times the rates for similar Web ads.

A Ryanair spokesman said the ad revenue will help it keep airfares low. "Passengers must reference their boarding card on a number of occasions during a trip, providing repeat exposure for advertisers," the spokesman said. Dublin-based Ryanair requires passengers to print their own boarding passes before arriving at the airport or potentially pay a fee of <euro>40, or about $55.

Ryanair's business model is based on offering inexpensive tickets to generate traffic and then selling other products and services, known as ancillary revenue. Ryanair also strikes deals with airports to pay the airline fees based on the volume of passenger traffic.

Ink's deal with Ryanair comes as carriers world-wide are working to boost ancillary revenue from sources such as access to airport lounges or hotel rooms booked through an airline's website.

Airlines generated more than $22 billion in ancillary revenue last year, according to a study published by travel-technology group Amadeus and IdeaWorks, a consulting firm specializing in ancillary revenue. That figure represents less than 5% of airlines' operating revenue, the report said, although the figure is much higher for some carriers.

Ryanair, a pioneer in generating ancillary sales, derives more than 20% of its revenue from such sources.

So far, most ancillary revenue has come from airlines charging for services once included in a ticket, such as baggage and seat reservations. A recent report from Forrester Consulting predicted that airlines' ancillary revenue from other sources, such as hotel bookings, will rise 30% over the next five years. "This is significant when compared with overall travel industry growth of 3% per year," the report said.

The Ryanair-Ink venture will focus in part on advertising tied to departure airports, where travelers are a captive market and data about them is valuable to retailers, Mr. O'Rourke said. Much current advertising on boarding passes is tied to destinations. But passengers rarely shop after landing, and airlines rarely know where customers go once they leave the arrival airport, so it is difficult to target advertising.

"This is a way to stimulate demand and encourage people to shop," Mr. O'Rourke said. "Departure is much more targeted than arrival."

Airport retailing today generates more than $20 billion in revenue world-wide and is set to rise to $44 billion in 2015, according to consulting firm Datamonitor.

Retailing represents a significant and growing portion of airport revenue, but most airports have little data about their customers. Airlines typically haven't cooperated much with airports.

Ink is developing targeted advertising offerings with airlines beyond Ryanair. Ink aims to profit by linking airline data with airport retailers.

But while airlines collect extensive information about their passengers, many carriers are unable to capitalize on it.

"Using passenger data sounds like low-hanging fruit, but for many airlines it means an expensive overhaul" of computer systems, said Dermot Davitt, deputy publisher of the Moodie Report, a travel-retail newsletter.
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Old February 22nd, 2011, 10:32 PM   #1819
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La Junta de accionistas de easyJet, a favor del pago de dividendos en años de rentabilidad:

LONDRES. (EUROPA PRESS) -La junta de accionistas de la aerolínea británica de bajo coste ‘easyJet’ se ha posicionado a favor de realizar pago de dividendos al accionista a cargo de los ejercicios en la que la compañía aérea sea rentable, tal y como había adelantado la consejero delegado del grupo, Carolyn McCall, cuando presentó los resultados anuales de la ‘low cost’.

http://econobaires.wordpress.com/201...-rentabilidad/

Ryanair iniciará en abril una nueva ruta que unirá Lanzarote con Milán:

LAS PALMAS DE GRAN CANARIA, (EUROPA PRESS) – La aerolínea Ryanair iniciará el próximo 13 de abril una nueva ruta que unirá Lanzarote con Milán Bérgamo, conexión que tendrá una frecuencia de dos vuelos semanales, informó la compañía en un comunicado.

http://econobaires.wordpress.com/201...ote-con-milan/
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Old March 21st, 2011, 11:24 AM   #1820
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Ryanair diverts Sicily flights due to Libya

PARIS, March 20 (Reuters) - Irish budget carrier Ryanair is being forced to divert flights from Trapani airport in Sicily from Monday because of military operations over Libya, the airline said on Sunday.

The airport, on the western tip of Sicily at the foot of the Italian peninsular, doubles as a military base.It is located about 350 miles (560 km) from the westernmost point of Libya.

Ryanair said Trapani would be closed to civilian traffic indefinitely from Monday and that it would divert its flights to Palermo. It said 28 flights would be affected on Monday.

The move marked the first reported direct impact from the Libyan conflict on airline operations outside the country.

Eurocontrol, the European air traffic control centre, said last week it was no longer accepting requests to fly through Libyan airspace after the United Nations Security Council backed a no-fly zone over the North African country.

Western warplanes and missiles began strikes on Saturday.
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