Ryanair: airports 'expected to share pain' of fuel prices
28.03.08
Ryanair has told the owners of the 60 airports it flies to it expects them to ‘share the pain’ of its €400 million cost-cutting drive over the next 12 months. Europe's largest low-cost airline is reported to be holding one-to-one meetings in Dublin with the airport operators as it kicks off a cost cutting plan to combat rises in fuel prices.
Ryanair head of communications Peter Sherrard said that the airline 'expects its fuel bill in the next financial year to rise by €400 million That's the amount we need to take out to guarantee our fixed fares.'
As well as a pay freeze for 36 senior managers, Ryanair is also rolling out automated check-in facilities at Dublin and London Stansted, and eventually its other 25 bases, to save on airport costs. Virtually all Ryanair's check-in services are contracted out, and it has a long history of trying to cut these costs.
It is also wants to persuade more passengers not to check-in luggage. Four in ten Ryanair passengers fly with hand baggage only and the airline wants to push this figure to half this year.
The airline's management will also be meeting with other suppliers - including maintenance and catering - in an attempt to negotiate lower rates.
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