Ryanair to cut Stansted flights

August 1, 2007 - 0:0

LONDON (BBC) -- Ryanair is to cut its services from London Stansted this winter by 20%, reducing flights to some destinations and temporarily cancelling others.

The Irish-based carrier said it would be making the move to pull out services that would otherwise be loss-making.
Its announcement came as it unveiled a 20% rise in profit for the three months to the end of June.
It made a pre-tax profit of 139m euros ($94m; $191m) in the quarter, up from 116m euros a year earlier.
Beating market expectations, Ryanair said its profits were boosted by an 18% rise in passenger volumes.
It said that average ticket prices had been flat during the three months, and that they were expected to fall in the second quarter from July to September.
However, for its full-year to March 2008, it said profit growth would be upheld by the decision to reduce capacity on its non-profitable winter routes, which would help to keep costs down.
It now expects its annual profits to rise 10% compared with its earlier forecast of 5%