Ryanair Holdings PLC
13 November 2007
RYANAIR RESPONDS TO LATEST COMMISSION LEAKS
Ryanair, Europe's largest low fares airline today (Tuesday, 13th November 2007)
welcomed the latest European Commission leaks about airline pricing. It has been
reported in today's newspapers that the European Consumer Affairs Commissioner,
Maglena Kuneva has carried out an investigation into airline price advertising.
Ryanair is confident that any such investigation will highlight:
Availability
1) That no other airline matches Ryanair's low fares availability with
over 50% of all seats (25 m this year) sold at the lowest two fares.
2) Ryanair's average fare of €44 is the lowest in Europe, with Easyjet's
(€66) 50% higher than Ryanair's. Ryanair's average fare is half the
price of Aer Lingus' (€91) and less than a fifth of Air France (€220),
Lufthansa (€237) and British Airways' (€268) average fares. Only Ryanair
offers EU consumers a lowest fare guarantee.
3) Ryanair is also the only airline to guarantee no fuel surcharges
ever, while British Airways, Air France and Lufthansa continue to raise
their unfair fuel surcharges, despite having hedged their fuel at $65 to
$75 per barrel, some $25 below market prices.
Clear Pricing
All prices advertised on Ryanair.com's home page and all of Ryanair's media
advertising is fully tax inclusive.
Opt out insurance
Over 95% of Ryanair's passengers currently decline optional insurance on
Ryanair.com, which conclusively demonstrates that it is both easy to use, easy
to decline and entirely optional.
Speaking today, Ryanair's Head of Communications, Peter Sherrard said:
'Ryanair calls on Commissioner Kuneva to widen her investigation to
cover the real scandal of unfair fuel surcharge increases being levied
by BA (raised from £43 to £58 yesterday), Air France (raised from €63 to
€73 yesterday), KLM (raised from €60 to €70 yesterday) and Lufthansa
(raised €67 to €77 yesterday), when these airlines have all confirmed
that they have hedged (or bought forward) their fuel at $65 to $75 per
barrel, some $25 below market prices.
'Ryanair hasn't been contacted by the EU Commission as part of this
alleged investigation but we would welcome any proposals by the
Commission to force Europe's high fare airlines to match Ryanair's
fares, our inclusive advertising, our low fare availability and our
guarantee of no fuel surcharges ever'.
Ends. Tuesday, 13th November 2007
Peter Sherrard - Ryanair Pauline McAlester - Murray Consultants
Tel: 00 353 1 812 1228 Tel: 00 353 1 4980300
This information is provided by RNS
The company news service from the London Stock Exchange
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