Ryanair Holdings PLC
12 March 2008
RYANAIR CALLS ON AER LINGUS TO REDUCE FARES
AND GET RID OF FUEL SURCHARGES
Ryanair, Europe's largest low fares airline, today (Wednesday, 12th March 2008)
welcomed Aer Lingus' confession that it charges passengers twice as much as
Ryanair to travel in Europe.
Aer Lingus today admitted that its €91 European short haul fare rose 3% in the
last 12 months to €94. That means Aer Lingus' average fare is now more than
DOUBLE Ryanair's €44 average fare
Speaking today, Ryanair's Head of Communications Peter Sherrard said:
'While Ryanair continues to drive down fares for European passengers,
Aer Lingus is increasing its fares and fuel surcharges. On routes within
Europe, Aer Lingus now charges twice as much as Ryanair.
'Ryanair's bid for Aer Lingus guaranteed 10% fare reductions as well as
the removal of Aer Lingus' unjustified fuel surcharges, generating
passenger savings of over €100m p.a. However since the European
Commission's nakedly political prohibition of Ryanair's bid, Aer Lingus
has increased its fares and further raised fuel surcharges.
'Aer Lingus can't match Ryanair's prices and it can't match Ryanair's
punctuality either. Aer Lingus has clearly returned to doing what it
knows best, raising the cost of travel for Irish consumers'.
ENDS Wednesday, 12th March 2008
For further information:
Peter Sherrard - Ryanair
Tel. +353-1-8121228
Pauline McAlester - Murray Consultants
Tel. +353-1-4980300
This information is provided by RNS
The company news service from the London Stock Exchange
RAGCGDXLXBGGID
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.