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Ryanair to Offer More Services from Hamburg

Route network to be expanded to seven destinations. Alicante, Barcelona, Madrid, Malaga, and Palma de Mallorca newly added

Michael O’Leary, CEOI of Ryanair, presented the the low-cost carrier’s 2016 summer services from Hamburg. Next year, the Irish airline will be taking off to seven destinations from Hamburg, thus adding five destinations of today’s service to two cities, i.a. Lisbon and Porto. The expansion of services will be commencing in winter, with the holiday destinations Alicante, Barcelona, ​​Madrid, and Malaga then being serviced regularly. In summer 2016, sun-seekers will also be able to take off to Palma de Mallorca with Ryanair five times a week. The new arrivals Madrid and Barcelona will be serviced once a week.

35 Ryanair Flights from Hamburg

Like most major airports, also Hamburg Airport reports an annual growth in the low-price segment, with Ryanair alone offering 35 flights per week from Hamburg. The company expects to attract 500,000 customers with its new services from Hamburg. 500 jobs will thus be secured.

Digitisation on the rise

In addition, CEO Michael O’Leary announced further steps in digitisation, which are yet to be implemented in autumn. In addition to a new digital app features , also new features like a price lock will be introduced, allowing to block a tariff for 24 hours for a fee of five euro.

Ryanair – Number Three behind Germanwings and airberlin

According to a study of the German Center for Aerospace, Ryanair is the European market leader of the low cost segment. With nearly 8,400 flights on more than 1,500 services per week, the company achieved a market share of 24 per cent. However, in Germany – Europe’s second biggest low-cost aviation market – Ryanair is only ranked third behind Germanwings and airberlin. The ranks four to seven are occupied easyJet, Wizz, flybe and Norwegian. CEO Michael O’Leary thus sees a lot of potential for growth in Germany: “We strive to expand our market share in Germany from five to twenty per-cent in coming years.

source and further details:
www. corporate.ryanair.com. corporate.ryanair.com

Full Year Profit Guidance Raised By 25 Per Cent

On 9 September, Ryanair issued a trading statement raising its full year Net Profit guidance by 25 per cent from a current range of 940 million euro to 970 million euro to a new range of 1.175bn euro to 1.225bn euro due to stronger than expected peak summer traffic and prices as its “Always Getting Better” (AGB) customer experience programme continues to win millions of new customers at slightly higher than expected air fares. The main drivers for this improved guidance are:

- traffic growth of 13% (previously guided 10%).
- fares up over 2% (previously guided flat).
- traffic growth of 15% expected (previously guided 13%).
- fares now expected to be flat (previously guided -4% to -8%).
- FY16 traffic increased to 104m (previously 103m).
- Lower than expected prices for unhedged fuel in FY16 (10% of volume).

Ryanair cautioned that its full year result remains heavily dependent on close-in bookings in Q3 (currently 30% sold) and Q4 (currently zero visibility). Ryanair continues to expect downward pressure on fares and yields this winter as it grows strongly in major EU markets such as Germany, at a time when competitors will begin to benefit from lower oil prices as historic hedges unwind.
source: Ryanair

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