SIDEBAR
»
S
I
D
E
B
A
R
«
Ryanair to take legal action against BAA Stansted
July 25th, 2011 by elisa

Ryanair has announced it will launch legal action against BAA Stansted for recovery of “substantial overcharges” it has suffered at the hands of the BAA monopoly over recent years. It also said that the UK Government should force the early sale of Stansted and either Glasgow or Edinburgh airports.

“The latest UK Competition Commission’s confirmation (of its original 2008 recommendation), that the BAA airport monopoly should be forced to sell Stansted and at least one Scottish airport will, we hope, finally end the BAA ‘s policy of using legal manoeuvres to delay this sale,” it said.

“These delaying tactics have not stopped the BAA at Stansted overcharging airlines, generating excess monopoly profits, while losing more routes and traffic.”

The airline also announced its first quarter results today showing a 1% increase in net profit to €139 million for the first quarter to June 30. Revenues grew by 29% to €1,155 million as traffic increased 18% and average fares rose 11%.

Ancillary sales grew 22% to €248 million and amounted to 21% of total revenues.

Average fares for the year are expected to rise 12% because of the “better mix of new routes and bases, our winter capacity cuts, higher competitor fares and fuel surcharges”.

 


»  Substance:WordPress   »  Style:Ahren Ahimsa
© Copyright Villaseek.com