In the News - Ryanair
Ryanair bid to keep costs down
Ryanair claim that the time of cheap air travel is not over despite high oil prices. Last week both BA and Virgin Atlantic increased fuel surcharges to compensate for rising oil prices (reported 'In the News' 30 May). Ryanair are cutting costs across the airline to minimise the affect oil prices have on fares. Ryanair has already frozen staff pay, the airline is also renegotiating airport contracts, making job cuts in its Dublin call centre and adding cheaper fuel efficient airlines to its fleet in a bid to keep costs down. Despite these cost cutting measures, Ryanair is expected to raise fares by 5% this year if oil prices remain at or above its current level of $130 a barrel.
(Sources: Guardian.co.uk Telegraph.co.uk Times Online Independent.co.uk)
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03-Jun-2008 09:33:47
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