Do you want to access to this and other private contents?
Log in if you are a subscriber or click here to request service
Not only Alitalia is in difficulties: Ryanair cuts its costs and increases secondary passengers fees
Dublin, Ireland - Airline CEO expects for profit halving in coming year
According to Irish airline Ryanair CEO Michael O'Leary, the management expects profits to halve this year and to counteract this trend it will freeze pay for top executives to avoid raising ticket prices. Reasons for this situation are to be searched in high fuel costs, a faltering UK economy and a weak sterling. In its next business year which starts in April, airline expects a 50 percent drop...
AVIONEWS - World Aeronautical Press Agency - 1087548
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency