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Hospitality & Tourism November 2016

Published: Dec 07, 2016
  • It is expected that Ryanair will start to fly from Frankfurt in the Spring of 2017 with flights to many Spanish tourist areas.
  • Profits at airline giant Ryanair grew 7% in the 6 months to September 2017.  Revenue rose by 2% and now stands at €4.13bn.  Michael O’Leary commented that the revised upwards growth of the company means that they need “to raise our long-term traffic forecast by over 10% to 200 million passengers per annum by March 2024”.
  • Wow Air is planning to fly 4 times a week from Cork to Reykjavik from May 2016.  Irish passengers can then connect onwards to many US or Canadian cities, including Pittsburgh and Montreal.
  • Aer Lingus will increase significantly its long-haul capacity by 22% in 2017 as it opens a Dublin to Miami service, amongst other new routes to the USA for Summer 2017. 
  • Passenger numbers at Dublin Airport increased by 9% in October.  This was compared with the same month in 2015.  Transatlantic passengers grew by 291,000 (26%) for the same period. 
  • Lufthansa are launching a new service from Shannon Airport to Frankfurt from April 2017.   The service will currently only operate on Saturday’s between end April to end October.
  • The Irish aircraft lessor, SMBC Capital Aviation has seen its revenues soar by 19%.  They reported assets worth $9.6bn in September. 
  • Lough Eske Castle reported that RevPAR have increased 10% for the 2015 financial year whilst at the same time reporting a €376,017 pre-tax loss.
  • Lufthansa was force to cancel 1,700 flights over 2 days due to a strike by pilots.  The strike is part of a long-running feud regarding pay.  In the previous week in November, 2,800 flights were cancelled over 4 days due to the same issue.  It is now the 14th walkout in the continuing dispute.

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