Ryanair sees further falls in airfares

21st April 2004, Comments 0 comments

21 April 2004, LONDON – Europe's biggest budget carrier, Ryanair has forecast further falls in airfares as competition between no-frills airlines intensifies.

21 April 2004

LONDON – Europe's biggest budget carrier, Ryanair has forecast further falls in airfares as competition between no-frills airlines intensifies.

Speaking in London, Ryanair chief Michael O'Leary predicted that its average fare would fall this year between five and 20 percent.

His comments came competition among Europe's budget airlines continues to intensify with O'Leary saying he expected a shakeout among budget carriers as price competition escalates.

Ryanair flies to several Germany destinations, including Berlin, Leipzig, Hamburg-Lubeck, Frankfurt-Hahn and Duesseldorf.

Ryanair has insisted that it will continue to operate out of Belgium's Charleroi airport, despite having previously threatened to withdrawal from the airport after the European Commission ordered it to repay the local government EUR four million as a result of low landing charges.

[Copyright Expatica News 2004]

Subject: German news 

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