Tuesday, 07 March 2017 14:14

Michael O’Leary in New counterattack against Greek government

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No sooner launched in 2017, the Commercial Director of the famous low-cost carrier (LCC) Ryanair pounced on several Greek Ministries for their adversely him affecting Tourism Policy.  

Thus, it was announced by the company to cut 500,000 seats for routes to Thessaloniki.

The reasons for such action is described, truthfully, that there is a long delay in the completion of the runway project.

Naturally, the responsible Minister has promised several times, though not being verified by the facts, that the works will be finished in time.

Certainly the company has engaged in a barrage of correspondence from April 2016, with successive phases in September and November of that year.

As a result of Ryanair's Conflict with the Greek authorities came the decline, after more than 25 protest letters and communications, of the planning for flights to Greece.

Besides, the reduction activated throughout Hellas, moves slightly higher than 2% of available airline seats in the country, while backing away from a traditional destination like Kos.

While at the same time, repeated attacks on "Marie Antoinette" as is characterized, the Tourism Minister vehemently, while increasing by 12 its itineraries including in Budapest, Hungary, and from there to Valencia, Edinburgh and Prague, starting with 24 itineraries from Frankfurt to an equal number of European destinations.  .

The business practice of the Irish company usually operates as a pressure lever, for better terms by the authorities in each country which attempts.

It is a legitimate aim since today offers an extremely large narrow-type aircraft fleet of the latest generation aircraft, with constant new arrivals, and has experienced and capable pilots.

The nature of the company as a low-cost (LCC) requires objective and low fees in Greek airports, which are among the most expensive in Europe with prominent the Eleftherios Venizelos Αirport.

Afterthought, "the depth of the tunnel" seeks incentives and subsidies especially in the low season to increase the traffic, as opposed to what happens with incentives in the high season that are reaped by large Airlines, controlled by major Tour Operators.

 O 'Leary might be peculiar, but he is also genius.

He steps dynamically in business and needs optimization of the company's profit margin.

He invents and implements continuous advancement program, and is hard to disappear, when all the more when he manages a company-range 350 aircraft.

While calculating the adverse effects of Brexit, notes the decrease in net profit of the company in the last quarter of 2016 to 101 million. US dollars, while the average load factor fell to 95% for each fleet aircraft.

Eventually the future will prove its worth or worthlessness of business applied.

 

The present Article has also been published in Greek, in the Greek version of Travel Daily News and in the English version of Travel Daily News International.