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05/11/2001
Ryanair profits soar despite airline industry depression
Low cost airline Ryanair has reported that its profits for the first half of 2001 have increased by 39 per cent, representing the company’s ability to overcome the negative aspect currently afflicting the airline industry.
With a corresponding increase in the numbers of passengers – up by 37 per cent to 5.3 million - Michael O’Leary Ryanair Chief Executive described the figures as “a great set of results” despite the outbreak of foot and mouth disease and the terrorist attack of 11 September.
He went on to attribute the airline’s continued positive performance as resulting from numerous factors, including a strategy of immediate and considerable price cuts in the aftermath of the attacks on the World Trade Centre.
Speaking to the BBC Breakfast programme, he added: "The airlines that have lower fares will win more and more business, while airlines such as BA, which follow a policy of increasing air fares are doomed to failure."
Mr O’Leary also outlined the possible outcome of Ryanair’s current negotiations concerning landing rights in airports throughout Europe, with the airline planning to capitalise on the gaps left behind by the abandonment of major routes by various large airlines.
"In this negative environment in Europe, Ryanair is now being courted by many more airports, some of whom would never talk to us prior to 11 September," he added. (CL)
With a corresponding increase in the numbers of passengers – up by 37 per cent to 5.3 million - Michael O’Leary Ryanair Chief Executive described the figures as “a great set of results” despite the outbreak of foot and mouth disease and the terrorist attack of 11 September.
He went on to attribute the airline’s continued positive performance as resulting from numerous factors, including a strategy of immediate and considerable price cuts in the aftermath of the attacks on the World Trade Centre.
Speaking to the BBC Breakfast programme, he added: "The airlines that have lower fares will win more and more business, while airlines such as BA, which follow a policy of increasing air fares are doomed to failure."
Mr O’Leary also outlined the possible outcome of Ryanair’s current negotiations concerning landing rights in airports throughout Europe, with the airline planning to capitalise on the gaps left behind by the abandonment of major routes by various large airlines.
"In this negative environment in Europe, Ryanair is now being courted by many more airports, some of whom would never talk to us prior to 11 September," he added. (CL)
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Irish-owned low cost airline Ryanair has announced placing an order for a 140 Boeing 737-800 series aircraft. The $4 billion investment involves a firm order for 70 new aircraft and will result in the eventual creation of more than 2,500 jobs, principally for pilots, cabin crew and engineering staff.
13 December 2001
Airline passenger numbers still affected by September 11
BAA has revealed that passenger numbers at their seven UK airports were 10.6 per cent lower last month than in November 2000. BAA, whose airports include London's Gatwick, Heathrow and Stansted, believe the effects of September 11 in the US were still affecting figures. The report also confirmed growing trade for budget carriers. BAA credited a 10.
Airline passenger numbers still affected by September 11
BAA has revealed that passenger numbers at their seven UK airports were 10.6 per cent lower last month than in November 2000. BAA, whose airports include London's Gatwick, Heathrow and Stansted, believe the effects of September 11 in the US were still affecting figures. The report also confirmed growing trade for budget carriers. BAA credited a 10.
08 March 2002
UK passenger numbers show first rise since September 11
The UK's largest airport operator BAA has revealed that passenger numbers at Britain's airports have shown their first monthly increase since September 11.
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19 March 2002
Airline sector exhibits first signs of recovery in traffic
Tentative signs of recovery in the airline sector have been bolstered by British Airways’ decision to restore part of its transatlantic services. From April, BA is to reinstate its transatlantic Concorde flights during the week, which will see Heathrow-US air traffic levels back to normal after the events of September 11.
Airline sector exhibits first signs of recovery in traffic
Tentative signs of recovery in the airline sector have been bolstered by British Airways’ decision to restore part of its transatlantic services. From April, BA is to reinstate its transatlantic Concorde flights during the week, which will see Heathrow-US air traffic levels back to normal after the events of September 11.
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Northern Ireland WeatherToday:Any early mist soon clears to leave a dry and warm day with increasing sunny periods, these may be hazy due to lingering high cloud. Maximum temperature 21 °C.Tonight:It will stay dry throughout the night with long clear periods. It will also feel mild in a light southerly breeze. Minimum temperature 9 °C.
