Ryanair and Easyjet Fare Differently Under Recession

July 31, 2009 12:43 pm admin Budget Airline, Europe Budget Airlines

The recession seems to be hitting the UK budget airlines differently. Whilst Ryanair have doubled cutbacks from Stanstead for the upcoming season, Easyjet are confident in meeting predicted end of year profit targets.

Ryanair has reduced the number of flights departing from London Stanstead by 30 per cent from October. Despite these cutbacks, the budget airline has said it has reduced fares on flights by a 13 per cent average. However, despite this attempt to attract more custom, net profits for the year are expected to fall short of the estimated figures.

However rivals Easyjet maintain they should reach their end of year profit margins, confidence stemming from third quarter revenues rising 12 per cent. Plans for the future include an expansion of 35 new aircraft by 2012, although founder Stelios Haji-Ioannou is said to be concerned over the proposed rate of expansion.

If you are flying with Easyjet or Ryanair you should take out appropriate travel medical insurance too as EHIC cards might not cover you for all issue.

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