Wednesday 28 September 2016

Ryanair now plans to sell rock concert tickets...

Published 04/10/2015 | 02:30

Springsteen: Michael O’Leary’s Ryanair aims to sell tickets to rock concerts as it diversifies
Springsteen: Michael O’Leary’s Ryanair aims to sell tickets to rock concerts as it diversifies

Ryanair has beefed up its management team as it plans to grow its ancillary revenues from sales of hotel rooms, concert tickets and airport security fast pass vouchers.

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Greg O'Gorman has been headhunted to join Ryanair from Easyjet and will help spearhead the growth of ancillary or non-flight ticket revenues at the airline.

Last week, Ryanair boss Michael O'Leary said that the airline aimed to double its annual profits to over €2bn over the next six years by expanding its services. "We now have an opportunity with the new website to build Ryanair.com not just as the airline's website but as a kind of Amazon for travel in Europe," said Mr O'Leary.

"All the services will be available on Ryanair.com - hotels, TripAdvisor - we want to disintermediate all the disintermediators . . . We have the scale to do it."

Ancillary revenues are likely to remain at about 20 to 25pc of the airline's total revenues but are likely to make a far larger contribution towards its profitability in the future.

Greg O'Gorman, who has also previously worked at Expedia as head of business development, is one of four new senior management appointments at Ryanair.

Fiona Kearns has been appointed to the key role of director of customer service. John Tuite becomes head of finance, having joined from Bank of Ireland, while former central banker Eamonn Hackett joins as Ryanair group treasurer.

Sunday Indo Business

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