Ryanair planning first fare increase in four years; JetBlue considering HQ move
Ryanair’s shares slipped 1.5% yesterday, as the carrier’s CFO, Howard Millar, stated Europe’s largest LCC is planning its first fare increase in four years, in order to sustain earnings growth amid ongoing route expansion. The carrier is likely to raise fares in FY2010/2011 (commencing 01-Apr-2010), and is also targeting further cost reductions.
