Business Irish

Monday 18 December 2017

You can now book your Ryanair seat ... but it will cost you reporters

Ryanair is considering a new business strategy that would involve charging passengers for reserved seating.

The airline is already testing the system by charging €10 each for 21 extra leg room seats on certain routes.

Chief Financial Officer Howard Millar said the extra legroom was popular on longer routes and with business passengers on the Dublin-Gatwick route.

Shares in Ryanair fell 2pc in early trade after the company reported a 1pc rise in net profit for the first three months of €139m.

The company said the figure was lower than the €155m expected by analysts due to higher fuel and operational costs.

For the full year, Ryanair expects costs per passenger to rise by 13pc due to higher oil prices.

"Fuel prices remain stubbornly high,” airline chief executive Michael O’Leary said.

Ryanair expects average income yields to rise by 12pc to 15pc in its second quarter ending in September, but warned traffic will fall 4pc in the next winter season as high fuel costs will force the airline to ground flights.

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