Business And Leadership, Ireland's Business News Service

Dublin: 11.03.2010 06:49 AM
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Breaking News

Digital Landscapes: Google's John Herlihy
John Herlihy of Google talks about new management challenges for the digital world in Dublin on March 3, at an event hosted by UCD Smurfit School.
Robert Dilenschneider on power and influence
Former Hill & Knowlton CEO and communications guru Robert Dilenschneider on the power of content, and on the nature of power.

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Leadership

Ryanair shelves plans for long-haul airline

08.02.2010
Ryanair is shelving its plans to develop a long-haul airline for at least four or five years.

The Irish Examiner reports this morning that Ryanair CEO Michael O’Leary said the backlog in orders for long-haul aircraft means a low-cost transatlantic service will not be possible for the next few years at least.

O’Leary had announced plans for such an airline three years ago. At the time, he claimed that long-haul service would see flights from Europe to the US from as little as €10.

Irish routes least profitable
Meanwhile, O’Leary has also said Ryanair’s routes to and from Ireland are its least profitable, according to the Sunday Business Post.

The Ryanair CEO made his comments to analysts following the carrier’s announcement of a third-quarter loss of €11m last week.

He put the lack of profitability down to high costs, including charges at Dublin Airport, and the Irish Government’s €10 travel tax.

 

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