easyJet to slow growth, Ryanair to target major airports
Europe’s two largest LCCs, Ryanair and easyJet, have recently drawn attention to slowing growth in the European market. easyJet founder and largest shareholder Sir Stelios Haji-Ioannou has urged the airline's management to rein-in expansion to match the environment, while Michael O’Leary has said Ryanair would now consider operating to major European airports - a major shift from its strategy of serving lower-cost secondary airports. [1337 words]
Unlock the following content in this report:
- LCC European market share stands at 36%
- Sir Stelios urges management to rein-in expansion
- Sir Stelios seeking dividend; Ryanair declares first dividend
- Ryanair plans to shift to major airport as growth slows
- Ryanair CEO awaits Aer Lingus stake sale; part of strategy to access main airports?
Graphs and data:
- European LCC capacity share: Sep-2001 to Sep-2010
- Ryanair and easyJet fleet growth projections: FY2010 to FY2013
- Ryanair’s airport & handling charges as a percentage of total operating costs: 1QFY2005 to 1QFY2011
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