Cheap flights | Ryanair in trouble cutting prices and routes

Since 2000 there has been extraordinary ascent. The whole of Europe and beyond at least once flew with Ryanair and within a decade won the leadership of the heavens at a low price in the Old Continent becoming the brilliant jewel of low cost market. Today things are changing, revenues are down and the recent stock market crash offered the opportunity to stop and think. What happens to Ryanair? On Wednesday after a bad season the annual net profit of the Irish company was estimated. The forecast speaks of a decline placing the figure at the lowest level of the fork of expected revenues between 570 and 600 million euro. The news led therefore to a loss on the stock exchange, the heaviest since 2009.

Ryan Air plane

Ryan Air plane

The response of Michael O’Leary to cope with the increasingly fierce competition will be to adopt even lower prices and this plays into the hands of the traveler. In addition, the routes will be reduced leaving the ground between 70 and 80 aircrafts during the upcoming winter. The policy of continuous expansion carried out until a few months ago seems to be over. Something creaks in the giant taken as a model by all the low cost airlines in Europe.

Ryanair Airline

Ryanair Airline

Add to this then the international criticism about the company from everywhere. The condition of the pilots, the quota of fuel, the low quality and technical problems that have appeared in spite of themselves of an echo widespread. Probably this is the time for Ryanair to roll up their sleeves.

Ryanair photos: Kajko Cameron, A Currell.

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