Trending: Ryanair to Lower Fares to Encourage Customers to Book Direct
03 Gennaio 2024 - 4:48PM
Dow Jones News
1515 GMT - Ryanair is among the most mentioned companies across
news items over the past eight hours, according to Factiva data,
after the airline said it will lower fares to encourage customers
to book direct after a number of online travel agents removed
flights from their websites. The Irish low-cost carrier said that
flight removals from the agents will lower load factors by 1% or 2%
in December and January and also soften short-term yields as it
makes more low fares available direct. It added that the removal of
flights won't materially affect fiscal 2024 traffic or profit
guidance. Shares are currently down 5.2% at EUR18.15 but up 45%
over the past 12 months. Dow Jones & Co. owns Factiva.
(ian.walker@wsj.com.)
(END) Dow Jones Newswires
January 03, 2024 10:33 ET (15:33 GMT)
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