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24/10/2008
Ryanair To Close Valencia Base
The budget airline Ryanair has announced it is to close its base at Valencia, Spain, which will result in the loss of 70 weekly flights.
The Irish budget carrier flew from Valencia to 10 destinations, including Stansted, East Midlands and Liverpool, in England.
The move is expected to affect 750,000 passengers a year, and result in the loss of around 750 jobs, according to the airline.
Rarely out of the news, the airline's Chief Executive Officer Michael O'Leary recently called on the European Commission to reconsider an earlier prohibition of Ryanair's offer for the purchase of former state-run Aer Lingus - noting that consolidation was taking place among other airlines.
The low-cost operator also wanted the EU to clampdown on fuel surcharges and so-called 'screenscraper ticket selling' as part of a range of measures that it claims would keep air fares low and encourage people to continue to fly during the recession.
"Ryanair has written to the European Commission drawing its attention to the fact that oil prices have fallen by over 50% in recent months, yet many high fares airlines including British Airways, Lufthansa and Aer Lingus have failed to reduce their unjustified fuel surcharges at all," said a statement.
According to Michael O Leary, the European airline industry is facing a more difficult operating climate than anytime over the past 50 years.
See: Ryanair Calls on EU to Reduce Regulatory Burden
(BMcC)
The Irish budget carrier flew from Valencia to 10 destinations, including Stansted, East Midlands and Liverpool, in England.
The move is expected to affect 750,000 passengers a year, and result in the loss of around 750 jobs, according to the airline.
Rarely out of the news, the airline's Chief Executive Officer Michael O'Leary recently called on the European Commission to reconsider an earlier prohibition of Ryanair's offer for the purchase of former state-run Aer Lingus - noting that consolidation was taking place among other airlines.
The low-cost operator also wanted the EU to clampdown on fuel surcharges and so-called 'screenscraper ticket selling' as part of a range of measures that it claims would keep air fares low and encourage people to continue to fly during the recession.
"Ryanair has written to the European Commission drawing its attention to the fact that oil prices have fallen by over 50% in recent months, yet many high fares airlines including British Airways, Lufthansa and Aer Lingus have failed to reduce their unjustified fuel surcharges at all," said a statement.
According to Michael O Leary, the European airline industry is facing a more difficult operating climate than anytime over the past 50 years.
See: Ryanair Calls on EU to Reduce Regulatory Burden
(BMcC)
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27 March 2008
Ryanair Freezes Top Staff Pay As Fuel Costs Soar
Much higher jet fuel costs have had an unexpected result with Ireland's main 'budget' airline imposing a pay freeze on management - although so far, there's no sign of job cuts. Ryanair will have to make cost savings of around €400m to compensate for the expected defecit and is holding management pay as a first step.
Ryanair Freezes Top Staff Pay As Fuel Costs Soar
Much higher jet fuel costs have had an unexpected result with Ireland's main 'budget' airline imposing a pay freeze on management - although so far, there's no sign of job cuts. Ryanair will have to make cost savings of around €400m to compensate for the expected defecit and is holding management pay as a first step.
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Northern Ireland WeatherThis Evening and Tonight:A dry evening with late sunny spells and some long clear spells overnight. Becoming cloudier across the north towards dawn with a few showers possible. Touch of frost in south. Minimum temperature 0 °C.
