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23/05/2011
Jobs Secured As Ryanair Profits Boosted
Budget airline Ryanair has today announced a 26% increase in their annual profits to €401m - offering a measure of security to workers in what has been a troubled sector.
The high-flying airline operates from City of Derry airport in NI and only recently left George Best Belfast City airport and flies from Cork, Dublin, Kerry, Knock and Shannon in the Irish Republic
Announcing the results Ryanair's Chief Executive Officer, Michael O'Leary, said: "The highlights of the past successful year for Ryanair include: 40 new aircraft; eight new bases in El Prat, Gran Canaria, Kaunas, Lanzarote, Malta, Seville, Tenerife, Valencia; 328 new routes; a dividend of €500m; and traffic also grew 8% to 72m."
Despite higher oil prices, the global recession, and volcanic ash disruptions in the first quarter of last year, Ryanair delivered a 26% increase in profits and 8% traffic growth.
In 2010, following a 27% hike in fees, Dublin airport traffic fell by 3m passengers to just over 18m, a fall of 30% from its 2007 peak of 24.5m. Dublin’s traffic continued to decline in 2011.
However, Ryanair said unless the new Government introduces new reforms then traffic at the DAA airports will continue to fall, leading to further tourism and job losses in the Irish economy.
They welcomed the Irish Government's recent decision to scrap the tourist tax as a step in the right direction, but unless accompanied by competitive airport charges, traffic growth will not return at the Government owned, high cost, Irish airports.
(BMcN/BMcC)
The high-flying airline operates from City of Derry airport in NI and only recently left George Best Belfast City airport and flies from Cork, Dublin, Kerry, Knock and Shannon in the Irish Republic
Announcing the results Ryanair's Chief Executive Officer, Michael O'Leary, said: "The highlights of the past successful year for Ryanair include: 40 new aircraft; eight new bases in El Prat, Gran Canaria, Kaunas, Lanzarote, Malta, Seville, Tenerife, Valencia; 328 new routes; a dividend of €500m; and traffic also grew 8% to 72m."
Despite higher oil prices, the global recession, and volcanic ash disruptions in the first quarter of last year, Ryanair delivered a 26% increase in profits and 8% traffic growth.
In 2010, following a 27% hike in fees, Dublin airport traffic fell by 3m passengers to just over 18m, a fall of 30% from its 2007 peak of 24.5m. Dublin’s traffic continued to decline in 2011.
However, Ryanair said unless the new Government introduces new reforms then traffic at the DAA airports will continue to fall, leading to further tourism and job losses in the Irish economy.
They welcomed the Irish Government's recent decision to scrap the tourist tax as a step in the right direction, but unless accompanied by competitive airport charges, traffic growth will not return at the Government owned, high cost, Irish airports.
(BMcN/BMcC)
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City Airport Jobs Lost As Ryanair's Flees
Services from Belfast to London Stansted and four other UK destinations have been axed by the Irish budget airline, Ryanair. Around 1,000 jobs may have been hit with the closure which has gone ahead despite the Belfast base being profitable.
City Airport Jobs Lost As Ryanair's Flees
Services from Belfast to London Stansted and four other UK destinations have been axed by the Irish budget airline, Ryanair. Around 1,000 jobs may have been hit with the closure which has gone ahead despite the Belfast base being profitable.
27 March 2008
Ryanair Freezes Top Staff Pay As Fuel Costs Soar
Much higher jet fuel costs have had an unexpected result with Ireland's main 'budget' airline imposing a pay freeze on management - although so far, there's no sign of job cuts. Ryanair will have to make cost savings of around €400m to compensate for the expected defecit and is holding management pay as a first step.
Ryanair Freezes Top Staff Pay As Fuel Costs Soar
Much higher jet fuel costs have had an unexpected result with Ireland's main 'budget' airline imposing a pay freeze on management - although so far, there's no sign of job cuts. Ryanair will have to make cost savings of around €400m to compensate for the expected defecit and is holding management pay as a first step.
16 March 2009
Ryanair Announces More Cuts At Dublin Airport
Ryanair has announced yet more cutbacks at Dublin Airport leading to the loss of 50 jobs among cabin crew, check-in and baggage handling staff. The airline says it will be closing four routes out of Dublin from July and reducing the frequency of flights on eight other services.
Ryanair Announces More Cuts At Dublin Airport
Ryanair has announced yet more cutbacks at Dublin Airport leading to the loss of 50 jobs among cabin crew, check-in and baggage handling staff. The airline says it will be closing four routes out of Dublin from July and reducing the frequency of flights on eight other services.
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