Ryanair Cancel Cork/Kerry Expansion Plans
Published on Feb 4 2014 9:42 AM in General Industry
Speaking on the back of Ryanair's latest quarterly results, out-going deputy chief Michael Cawley yesterday said that the airline is no longer in talks with either Cork or Kerry airports regarding expansion plans.
Cawley said that airport charges remained too high at either location for Ryanair to consider expansion plans at the moment, even though there is potential to grow services significantly from both.
The Irish Examiner today reports that Cawley said the airline was no longer in talks with either airport, but remains open to suggestions on how it can grow at each.
Ryanair announced new routes out of Dublin, Shannon and Knock — most of which are set to begin in April, on the back of the Government’s budget measure to axe the consumer travel tax.
Yesterday, Ryanair reported a third-quarter loss of €35 million, in line with previous guidance, after Europe’s biggest low-fares airline cut ticket prices in response to increased competition.
Full-year profit guidance remains unchanged at about €510 million.