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Ryanair expects yields to fall by up to 20%, offsetting fuel reduction benefit

19-Dec-2008

Ryanair stated it expects its Winter yields (between Oct-08 and Mar-09) to fall by 15-20%, offsetting the benefits of lower fuel prices, but refecting the current challenges in the UK, Irish and European economies. [1442 words]

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Subheadings:

  • Load factor slips to 90%; passenger numbers up again in Nov-08
  • Ryanair bids for Aer Lingus as part of consolidation trend in Europe
  • Expects more bankruptcies this Winter
  • Suspends operations at Fuerteventura, Blackpool and Newquay
  • But growth at Brussels and London Gatwick
  • UK tax increase will devastate UK tourism

Graphs and data:

  • Evolution of Ryanair's passenger growth forecast (4Q08 vs 1Q09 vs 2Q09 forecasts): FY07 to FY12F
  • Ryanair traffic highlights for Nov-08
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