Ryanair warns a ‘Brexit’ could hurt the UK Economy, in its annual report published today which shows growth in traffic and passenger numbers.
Ryanair reported a rise in full year profit of 43% to €1,242M.
Traffic grew by 18% to 106 million passengers, and the airline’s load factor rose by 5% points to 93%.
The airline’s average fare dropped 1% to €46, and unit costs fell 6% (ex-fuel down 2%)
Ryanair reports it is 44% hedged for FY18 and that hedging will deliver fuel savings of circa €200m (as price savings are offset by increased flight hours).
“We plan to pass on most if not all of these fuel savings to our customers in lower air fares particularly as we grow capacity over the next 12 months in key markets around Europe,” Ryanair states.
The Airports Council International, Europe (ACI-Europe) reports that political delays in granting entry of Low-Cost Carriers on long-haul Transatlantic routes stifle growth opportunities at Europe’s regional airports.
Spanish Low-Cost Carrier Vueling announced the trials of its new high-speed ‘Wifing’ service earlier this year, with the first installation on one of four aircraft which will offer the service when the trial program launches.
Transavia, the charming Dutch low-cost leisure carrier which has been the bone of so much contention between parent company Air France/KLM and its pilots unions, has announced that it will get a full-makeover. Under the banner: New year, […]
Flying on the success of last year’s Spirit of Giving campaign, WestJet has taken this year’s program overseas bringing what the airline calls a “Canadian Christmas” to the disadvantaged community of Nuevo Renacer, Puerto Plata, in the Dominican Republic. The […]
Forget John and Yoko (if you remember). Today’s best bed-in is all about enjoying the magic of air travel, while comfy/cosy. True out-of-the-queue thinking from Kulula.com. Lekker!
Airbus has announced that the final assembly of VietJetAir’s first of up to 100 A320s on order is now underway in Toulouse, France; acquired by the airline under a deal finalised in February this year. The acquisition plan covers firm […]
The longest strike in the history of Air France has finally come to an end, with the pilot’s union SNPL, sending out a quick notice to members that they should return to work, after verifying their flights, with no additional information […]
AirAsia X, the long-haul affiliate of the Skytrax Winning AirAsia (World’s Best and Asia’s Best Low-Cost Carrier as announced today) has signed a Memorandum of Understanding (MOU) with Airbus for 50 A330-900neo at Farnborough. This purchase will make Air Asia X […]