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Leadership
Ryanair shelves plans for long-haul airline
08.02.2010
Ryanair is shelving its plans to develop a long-haul airline for at least four or five years.
The Irish Examiner reports this morning that Ryanair CEO Michael O’Leary said the backlog in orders for long-haul aircraft means a low-cost transatlantic service will not be possible for the next few years at least.
O’Leary had announced plans for such an airline three years ago. At the time, he claimed that long-haul service would see flights from Europe to the US from as little as €10.
Irish routes least profitable
Meanwhile, O’Leary has also said Ryanair’s routes to and from Ireland are its least profitable, according to the Sunday Business Post.
The Ryanair CEO made his comments to analysts following the carrier’s announcement of a third-quarter loss of €11m last week.
He put the lack of profitability down to high costs, including charges at Dublin Airport, and the Irish Government’s €10 travel tax.
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Irish Director is Ireland’s leading senior management magazine. Designed for business leaders and decision makers across the island, it covers topics of specific relevance to Ireland’s senior directors.
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Knowledge Ireland is a ground-breaking bi-monthly magazine from our sister brand siliconrepublic.com, unique in its exploration of strategy and innovation through people and technology.
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