News Listings for MyTravelLite

  • Adapt or die

    News | 21 Aug 2006 23:00 | Günter Endres

    Europe's charter airlines are having to reinvent themselves as competition from the scheduled low-fare carriers hits their business, but have conflicting views on how to fight back
  • New cash flows

    News | 01 Jan 2005 00:00

    <p>An increasing number of carriers are turning to ancillary products to bolster their profits as margins from ticket sales come under greater pressure</p> <p>When it comes to growth, Ryanair is among the fastest. But at a carrier where scheduled passenger revenues rose by 26% to c924 million ($1.2 billion) in its last full 2003/4 financial year there is one area where business outstrips even this impressive performance: that is the sale of ancillaries.</p> <p>Ancillaries come in a variety of guises, ranging from car hire and hotel reservations to in-flight catering and retail sales. With the notable exception of in-flight food, these revenues are a high margin, generally low-risk business stream that is becoming more and more significant to many low-fare carriers.</p> <p>Ryanair's Santina Doherty, the Irish low-cost carrier's marketing and ancillary revenue chief, is bullish about the prospects for this secondary business stream. &quot;These revenues are growing at over twice the r
  • Monarch Airlines

    News | 31 Aug 2004 23:00

    <p>Jeans joins Monarch</p> <p>Tim Jeans has left MyTravel Airlines to join UK leisure carrier Monarch Airlines, where he will head the scheduled part of the business.</p> <p>Jeans had headed the MyTravel Airlines operation as chief operating officer, having originally arrived at the group to establish the MyTravelLite low-cost arm. His departure from MyTravel comes at a time when the UK travel giant is struggling for its survival.</p> <p>Jeans himself had led a major programme of cuts in the charter fleet and the group has been unable to expand the operations of MyTravelLite. The parent recently halved the number of aircraft devoted to its low-cost carrier to three.</p> <p>Jeans has a high profile in the UK low-cost sector, stemming from his time as commercial director at Ryanair, from where he joined MyTravel in summer 2002. He will now be responsible for Monarch Scheduled, the former Monarch Crown Service, which was relaunched in 2002 in response to the growth of the budget secto
  • Europe's low-cost battle intensifies

    News | 31 Jul 2004 23:00

    <p>Competition within Europe's low-cost sector is set to increase as fast-growing carriers start to come face-to-face with each other on some routes.</p> <p>Europe's low-cost airlines have tended to avoid going head-to-head on city pairs so far, but a series of announcements during July suggests that this is becoming more difficult as carriers continue to add capacity. </p> <p>Ryanair announced a major expansion at London Luton, the home airport for easyJet, which itself announced a series of route additions that take it into direct competition with some of the new entrants in eastern Europe. On top of all this, bmibaby announced a new base at Birmingham International, the home base of rival budget carrier MyTravelLite. </p> <p>Both Ryanair and easyJet are taking delivery of massive aircraft orders placed in 2002 at a rate of around two aircraft a month, although they are taking the opportunity to replace 737 Classics as the new aircraft arrive. Ryanair's order is for 125 Boeing 737
  • Turning the tide

    News | 31 May 2004 23:00

    <p>Europe's package travel giants know they need to respond to the low-cost airline threat and are employing a range of strategies to fight back. But is it too late? </p> <p>&nbsp;</p> <p>Ninety million Europeans may have booked package holidays last year, but the continent's inclusive tour (IT) industry is under no illusions. It realises that growth in the sector has ground to a halt and is never again likely to reach the levels enjoyed just a few years ago. With the low-cost carrier (LCC) business booming in Europe, the IT players are facing up to the fact that their slice of the leisure market is shrinking, and have mapped out varying strategies to resolve their predicament.</p> <p>&nbsp;</p> <p>It is now almost 50 years since the first package holiday tourists set off on IT vacations, and, given that the industry is driven by people's prosperity, it has always been cyclical. In the past, when there was growth, it was extremely strong, with huge capacity increases leading to ove
  • Ryanair threatens fight over Charleroi

    News | 01 Dec 2003 00:00

    <p>Ryanair has come out fighting as it confirmed a leak from the European Commission (EC) that Brussels will almost certainly rule that the carrier benefited from illegal state aid when setting up a base at Brussels Charleroi. </p> <p>Ryanair chief executive Michael O'Leary warns he will shut down the carrier's Charleroi base pending an appeal if the EC comes down heavily against Ryanair. Virgin Express, the low-cost carrier based at Brussels International, says it will happily replace Ryanair if this happens. </p> <p>O'Leary says he will also enter into talks with Charleroi airport and its owner, the Walloon regional government, with a view to privatising the airport should the decision go against Ryanair. A deal could then be struck along similar lines to the original deal drawn up in 2000, but bypassing the issue of state subsidy. </p> <p>O'Leary believes, however, that Ryanair has grounds for an appeal on the basis that Charleroi complied with the market investor principle tha