Ultra low cost carrier vows to bring down traffic from 12.5 million to 11.4 million over the coming year.Ryanair has announced that it will reverse a 5% planned expansion in its Stansted traffic, which was due for April 2013, in reaction to “an unjustified increase” in fees. A press release from the budget airline said the move was “a direct response” to a 6% increase in charges by “the Ferrovial/BAA monopoly”. The carrier will now cut frequencies on 43 of its routes and reduce its weekly operations by over 170 flights, said Ryanair, at a cost of “over 1,100 jobs at Stansted”. Ryanair accused Ferrovial/BAA of an “unjustifiable and unwarranted price increase” of “more than double the rate of UK inflation”. “Ryanair believes that this price increase, which will clearly be of no benefit to Ferrovial/BAA, was part of a ‘sweetener’ to MAG in order to boost the sale price of Stansted Airport,” said Ryanair’s Robin Kiely.Source: routenews, Piers Evans
Gravity always wins!