farci
Jan 3, 06, 5:35 pm
Interesting quote from the 'Irish Independent' newspaper:
"...the fee for changing a flight may be only €30 to the punter, but to Ryanair it's €30m, and possibly €78m, in extra revenue for this fiscal year.
As the price of plane tickets fall the importance of the extra charges rises for discount airlines, analysts say.
It's a bit like how they say publicans make their money, not on the spirits but on the mixers, agreed one aviation analyst, who preferred not to be named.
Passengers who pay Ryanair from €30 to €65 for the privilege of changing their minds collectively will add up to €78m to its revenues for fiscal 2005, which ends in March.
That's without factoring in revenue from Ryanair reselling those customers' original seats, possibly at much higher fares because they are being booked closer to departure....
Ryanair quoted upwards of 5pc (of our passengers) for both types of change.... an analyst said: "Change fees are less than or equal to 2pc of revenues for Ryanair and EasyJet."
Even 2pc of Ryanair tickets changed at a cost that is midway between the two possible fees added up to about €30m of Ryanair's likely €1.7bn in 2005 revenues.
Ryanair name changes rose to €65 from €30, with the concession that the customer no longer has to pay any difference in fare."
"...the fee for changing a flight may be only €30 to the punter, but to Ryanair it's €30m, and possibly €78m, in extra revenue for this fiscal year.
As the price of plane tickets fall the importance of the extra charges rises for discount airlines, analysts say.
It's a bit like how they say publicans make their money, not on the spirits but on the mixers, agreed one aviation analyst, who preferred not to be named.
Passengers who pay Ryanair from €30 to €65 for the privilege of changing their minds collectively will add up to €78m to its revenues for fiscal 2005, which ends in March.
That's without factoring in revenue from Ryanair reselling those customers' original seats, possibly at much higher fares because they are being booked closer to departure....
Ryanair quoted upwards of 5pc (of our passengers) for both types of change.... an analyst said: "Change fees are less than or equal to 2pc of revenues for Ryanair and EasyJet."
Even 2pc of Ryanair tickets changed at a cost that is midway between the two possible fees added up to about €30m of Ryanair's likely €1.7bn in 2005 revenues.
Ryanair name changes rose to €65 from €30, with the concession that the customer no longer has to pay any difference in fare."