Ryanair, the Irish low-cost airline, expects its passenger number to double to 100 million in five years' time, according to the company’s chief executive .
CEO Michael O'Leary told reporters at an industry conference on Thursday, "We are still the fastest-growing airline in Europe and I expect that we double from 50 million passengers this year to 100 million passengers in five years' time."
"The airline also plans to increase its number of bases over the next five years from 19 or 20 to about 40," the CEO added.
On Wednesday, Ryanair launched a "price war" against its no-frills rivals such as easyJet, as it slashed its fares to fill seat numbers that are currently falling.
The airline company is to offer 10 million tickets for prices ranging from £10 - £20, including taxes in it’s largest-ever promotion . It will cut out its existing policy of offering even lower fares with all sorts of extras, which it admitted had run into customer scepticism and a regulatory clampdown in some European countries .
The move comes as rivals easyJet unveiled a near 50 per cent decline in first half profits for the year due to a large decrease in passenger numbers. Higher taxes, increasing interest rates and environmental concerns, were all cited as factors behind the airline’s recent slump.
 |
 |
|
|
Ryanair To Double Passengers & Declares A Price War Fri, 11 May 2007      Recommended linksTravelagents.co.uk for all your travel needsTips for taking children abroad Search for cheap flights All inclusive holidays Ryanair Seals Hotel Deal With Expedia Ryanair Service Hides Charges |
||
 |
 |
| Travel news |
|---|
| Spain Most Popular Holiday Destination For Scots in 2008 - Tue, 06 Jan 2009 |
| Brits To Book More Holidays To Non-Eurozone Countries In 2009 - Mon, 05 Jan 2009 |
| Brits Content With Domestic Trips This Christmas - Wed, 24 Dec 2008 |
| More News |