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Published on : Monday, September 5, 2016
As a result of the Brexit poll, Ryanair has been forced to cut their annual growth rate from 15 percent to 6 percent. The airline will reduce almost five million seats to and from Britain in the upcoming months.
The chief executive of Ryanair, Michael O’Leary has informed, “We were planning to base up to 10 new aircraft in the UK, now there will be none based here – though some will fly in to the UK.”
It has been found that instead of UK, the planes will now be based in Italy, Poland, Germany and eastern European nations.
O’Leary has added, “Fares will fall by 10-12 per cent for the rest of the year. In the short term that’s good for customers. Much of it is being funded by lower oil prices. We will pass (lower costs) on to passengers in lower fares.”
According to O’Leary, the long-term effects of Brexit will be harmful. He has predicted that as fares are getting cheaper, more flights will be moved away from UK over next few years.
The budget airline Ryanair has also called the new Government as “radical” because of their decision about the airport expansion in South East England. The industry is demanding the government to build one new runway each at Stansted, Heathrow and Gatwick.
O’Leary has informed that the decision “will finally resolve the runway capacity issue for the next 50 years, while ensuring competition between airports delivers efficient facilities and prevents airlines and passengers being ripped off by gold-plated monopoly runways.”
Steve Heapy, the chief executive of Jet2 has informed, “We have exciting plans to expand the number of destinations we fly to, as well as the number of UK bases we fly from, and this means that our team is growing all the time too.”
Despite of the turmoil, Ryanair has created 450 jobs at Stansted. Apart from Ryanair, Jet2 has recruited over 1,000 air-staff members and engineers. From September, Jet2 is going to start acquiring 30 Boeing 737-800.