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Ryanair slashes Winter capacity as fuel costs soar

18-Jul-2008

Ryanair announced substantial capacity reductions on 17-Jul-08 at its London Stansted base for the upcoming Winter schedule (08/09), with plans to reduce capacity by 14%. The LCC also announced to reduce capacity at its Dublin base by 12%. [964 words]

Unlock the following content in this report:

Subheadings:

  • To temporarily close seven European bases over Nov-08/Dec-08
  • Downgrades full-year passenger traffic forecast to 57 million
  • To ground approximately 10% of its fleet over the Winter schedule
  • Growth still planned despite reductions
  • Future of some smaller, regional airports in doubt
  • Continued interest in Aer Lingus Group
  • Extends agreement with GE Aviation

Graphs and data:

  • London Stansted Winter 08/09 Schedule reductions
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