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- Posted:Tuesday, November 2, 2010
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Further good news for those who are thinking of booking some cheap Dublin hostels and using the company for a travel option, Ryanair has also revealed that its revenues has increased to €2.2 billion, up 23 per cent.
This particular figure has been acquired in part due to the airliner's traffic growing by ten per cent to 40.1 million passengers, while a jump of 12 per cent was felt on the average fares.
Michael O'Leary, chief executive of Ryanair, believes that the lowest cost/lowest fare model which the company implements is a reason behind the profit growth, even during the recession.
"We continue to gain market share across Europe from the big three high fare flag carrier groups led by Air France, BA and Lufthansa." Mr O'Leary explained.
"We expect this trend to continue as consumers switch to Ryanair for the lowest fares, the most on time flights, and the best customer service."
He also noted that the company has fared well in Spain, where it has overtaken Iberia in July to become the number one passenger carrier operating in the country.
Recently, Ryanair reported on how tourism could be increased in Ireland, which could then benefit those who are looking to snap up rooms in a cheap Dublin hostel, as well as aiding the company's services within this country.
Filed under a strategy called the Irish tourism recovery plan by the airliner, some of the key elements which have been suggested include dropping the €10 tourist tax and scrapping the Dublin metro system – which it believes is useless and could save up to €4 billion in the industry.
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