Ryanair cuts routes as costs soar

Irish low-cost airline Ryanair said it would slash flights from Dublin in the 2008-2009 winter season, blaming high jet fuel and airport costs.

LONDON: Irish low-cost airline Ryanair said on Tuesday it would slash flights from Dublin in the 2008-2009 winter season, blaming high jet fuel and airport costs.


The no-frills carrier said in a statement that it would operate 18 aircraft at Dublin airport this winter, with fewer than 1,200 weekly flights.

That compared with 22 Ryanair aircraft flying 1,350 weekly trips in the 2007-2008 winter season, it added.

"With oil at 140 dollars a barrel, flights at high cost/expensive airports like Dublin must be reduced this winter when fares are very low," Ryanair said in the statement.

The price of oil had hit record highs above 147 dollars per barrel last Friday. Jet fuel, or kerosene, is distilled from crude oil.

ADVERTISEMENT

Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › International › Ryanair cuts routes as costs soar
Text Size:AAA
Success
This article has been saved

*

+