Ryanair Holdings PLC
11 March 2008
LUFTHANSA INCREASES FUEL SURCHARGES BY 21%
EUROPE'S FUEL SURCHARGING AIRLINES SET TO FOLLOW SUIT
Ryanair, Europe's largest low fares airline today (Tuesday, 11th March 2008)
predicted that Europe's high fare airlines will begin another round of
unjustified fuel surcharge increases following Lufthansa's decision yesterday to
increase its short haul fuel surcharges by 21%. Lufthansa now charges passengers
€17 per short haul flight and €77 on long haul flights despite the fact it is
hedged at well below current market rates for oil. Ryanair is the only airline
in Europe to guarantee passengers no fuel surcharges ever.
Speaking today, Ryanair's Head of Communications, Peter Sherrard said,
'Passengers can expect another raft of unjustified fuel surcharge increases from
Air France, Alitalia, British Airways and Iberia in the coming weeks. All of
these airlines are hedged at well below current market rates for oil but all of
them charge unjustified fuel levies and will use every possible opportunity to
increase their surcharges. Lufthansa increased its fuel surcharges by another
21% yesterday and it will not be long before Europe's other fuel surcharging
high fare airlines follow suit.
'The only way for passengers to avoid this fuel surcharge scam is to fly
Ryanair, Europe's only airline to guarantee no fuel surcharges ever'.
ENDS Tuesday, 11th March 2008
For reference:
Peter Sherrard - Ryanair, Tel: 01-8121228
Pauline McAlester - Murray Consultants, Tel: 01-4980300
This information is provided by RNS
The company news service from the London Stock Exchange
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