UK: BUISNESS AIR FARES CONTINUE TO RISE

Article Abstract:

It has been revealed first-class air fares have risen 2% in Britain while business fares have increased by 1% in the last quarter of 1999 and over the last two years have increased by an average of 9%. Economy fares have fallen, but this is due to the airlines using more North Atlantic routes due to the Asian crisis, however, the capacity is to be scaled back in the year 2000 as carriers return aircraft to the Asian routes. However, the rise in business air fares are set to rise further due to the aviation fuel prices that keep rising, as well as airlines are starting to reduce their capacity.

United Kingdom, Commodity & service prices, Passenger Air Transport, Prices and rates, Air fares

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Ryanair to set up Continental base

Article Abstract:

Ireland based low cost airline, Ryanair, has announced that it is intending to expand its network into Europe. The airline already operates out of Dublin and Stansted and is looking for a third base in Europe. The company is rapidly expanding, with passenger numbers increased by 30% to 4mn, and is looking into launching five or six new routes from Stansted. It is understood that Ryanair is also considering a flotation on the London stock market, in which the Ryan family, which owns 33% of the company, may reduce its holding to 28% by selling GB 50mn worth of shares.

Comment:

Ireland-based low-cost airline announces that it is intending to expand its network into Europe

Facilities & equipment, Ireland, Ryanir Ltd., Article

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