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Thread: Ryanair: cuts STN by 14%, DUB by 18%
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Old Jul 17, 2008 | 5:53 am
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Fredrik74
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Originally Posted by Sealink
When Ryanair are doing this, you know its going to be a tough winter... it does make me wonder how Aer Arann, Aer Lingus, Jet2, FlyBE are doing (mind you, for all O'Leary's bluster about a bloodbath (again) these are pretty swingeing cuts from FR, so maybe they're feeling the pain more. I mean if no is booking flights when you're charging £0.01 WITH TAXES where do you go from there?)
Sure, the demand for flights could be really low but you also have to remember that there are costs associated with flying and AFAIK Ryanair do not hedge their fuel costs which would be a massive blow to their finances as things are happening right now.
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