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Ryanair expects more bankruptcies this Winter

16-Oct-2008

Ryanair forecasts a particularly bleak outlook for the rest of the European airline industry, expecting more carriers to fail this Winter, due to “unsustainable losses and insufficient cash reserves”. [1404 words]

Unlock the following content in this report:

Subheadings:

  • Continues cost cutting programme
  • To raise baggage charges
  • Continues aggressive network expansion
  • Boeing strikes continue to impact network plans
  • Considers launching LCC sister company

Graphs and data:

  • Major Ryanair fare sales: 04-Jun-08 to 14-Oct-08
  • Ryanair proposed new weekly services
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