Interesting detail in the Ryanair results today illustrating more work needs to be done before the airline’s plan to match ancillary revenues with passenger numbers kicks in.
The full year results to March 31 2010 indicated that despite a 14% increase in passengers over the 12-month to 66 million, ancillary revenues jumped at a lower rate of 11% to Euro 663.6 million from Euro 598.1 million.
Ancillaries account for 22% of the company’s overall revenues (almost Euro 3 billion, up 2% on the previous period).
Read the full story at http://www.tnooz.com/2010/06/01/news/ryanair-shows-ancillary-revenue-is-yet-the-complete-winner-for-airlines/
