Ryanair sees yields falling
Mon Sep 19, 2005 10:37 AM BST
LONDON (Reuters) - Ryanair said on Monday it expected yields, or average fares per passenger, to be flat in the third quarter of its fiscal year and to fall about 10 percent in the fourth quarter.
"We see the early signs there is going to be considerable competition. As we move through the winter period, they (airlines) are going to have to cut fares," Chief Financial Officer Howard Millar told the UBS Transport Conference in London.
He said fourth-quarter yields would also be affected by the timing of Easter compared with the year before, and forecast ancillary revenues would grow up to 20 percent over the next couple of years.
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