Rising gas prices seems to be affecting every airline in the world. Ryanair, Irish airline based in Dublin, recently announced the following cost cutting initiatives -
- Temporarily closing airport operations – Operations temporarily ended at Seven Airports – Basel, Budapest, Krakow, Palma, Rzeszow, Salzburg and Valencia.
- Capacity Cuts at others – The airline is cutting down on 14% of its flights in/out of London’s Stansted Airport this winter from 1850 to 1590 a week. British Airport Authority (BAA), owner of the airport, is charging 15% higher for the year (there was a 100% increase last year). Stansted per passenger charges have gone from £5 to £12 over the last five years. Resulting from this cutback, Stansted will lose 90,000 passengers (worth £8m)
- Grounding Airplanes – Ryanair is grounding 20 of its airplanes this summer
From Telegraph –
Ryanair’s chief executive Michael O’Leary said: “These winter schedule cutbacks, which are significantly greater
than those of last winter, show just how damaging the BAA airport
monopoly has become to consumers and the best interests of London, UK
tourism and the economy generally.”
