Ryanair cuts back growth plans amid stormy period

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Photograph artwork copyright © Travel Gazette. www.travel-gazette.com
Photograph artwork copyright © Travel Gazette. www.travel-gazette.com

Ryanair, Europe’s leading low-cost airlines, confirmed  it will slow its growth this winter by flying 25 less aircraft of its 400 fleet from November, and 10 fewer aircraft of its 445 fleet from April 2018.

“By reducing its flying schedule in this controlled manner, Ryanair will eliminate all risk of further flight cancellations, because slower growth creates lots of spare aircraft and crews across Ryanair’s 86 bases this winter,” the Dublin-based airline said in a statement.

The statement said Ryanair will be able to “roster all of the extra pilot leave necessary” in October, November and December.

“From today, there will be no more rostering related flight cancellations this winter or in summer 2018,” said Ryanair CEO Michael O’Leary.

He said Ryanair will start a new 12 month leave period on Jan. 1, 2018 in full compliance with EU regulations and the Irish Aviation Authority’s requirements.
In the statement, the airline said the slower rate of growth will slightly reduce our traffic this year and next.

“Our monthly growth from Nov. 17 to March 18 will slow from 9 percent to 4 percent. Our full year traffic of 131 million will now moderate to 129 million, which is 7.5 percent up on last year,” it said.

“By slowing our summer 2018 fleet growth from 445 to 435 aircraft, we expect traffic to March 2019 will slow from 142 million to 138 million, a 7 percent rate of growth,” it added.

However, Ryanair said it does not expect Wednesday’s initiatives to alter its current year guidance of between 1.4 billion euros (1.6 billion U.S. dollars) to 1.45 billion euros in profits after tax.

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