8 OCTOBER 2018
BTN also goes out by email every Sunday night at midnight (UK time). To view this edition click here.
The Business Travel News
PO Box 758
Edgware HA8 4QF
+44 (0)20 8952 8383
© 2019 Business Travel News Ltd.
Lower traffic and weaker close-in fares in September caused by two days of what the airline called coordinated pilot/cabin crew strikes in Belgium, Germany, Netherlands, Portugal and Spain led Ryanair last week to lower its full-year profit guidance.
The company is also trimming winter capacity by 1% with a series of measures including closing the four-aircraft Eindhoven base and two-aircraft Bremen base and cutting the Niederrhein base from five to three aircraft.
CEO Michael O’Leary said most routes to and from Eindhoven would continue on overseas-based aircraft; those at Bremen would continue on non-German aircraft and most Niederrhein routes would continue on the remaining three aircraft.
On the finance front, the company dropped its forecast from the former range of €1.25bn – €1.35bn to a new range of €1.10bn - €1.20bn, a move it said was also partly due to expected lower fare income in the third quarter of this year.
This was because forward bookings, particularly for this month’s school half-term holidays and for Christmas – along with customer confidence – had been affected by fear of further strikes, Ryanair said.
The airline repeated its charge that the two recent five-country strikes were “incited by competitor employees” (see BTN 1 October), despite Ryanair agreeing to meet union demands.
All comments are filtered to exclude any excesses but the Editor does not have to agree with what is being said. 100 words maximum
No one has commented yet, why don't you start the ball rolling?