The low-cost airline Ryanair has published profits up 25% for its fiscal year 2011-2012 which ended March 31, 2012: pre-tax profits reached 503 million euros against 401 million euros the last year an increase of 25%.

The turnover of the company rose 19% to 4.325 billion euros although the increase in the number of passengers carried was only 9% (75.8 million passengers).

During the new fiscal year the company introduced six bases and launched 330 new roads (out of 1500).

The budget airline has benefited from the bankruptcy of several airlines such as Malev Hungarian, Spanair in Catalonia and Cimber Sterling in Denmark by opening new bases in Budapest and reinforcing in Spain.

It provides for "other airline bankruptcies this year."

This year, Ryanair expects a growth of passenger traffic similar to last year (5%) to 79 million passengers and a decline in profits in the first quarter due to higher oil prices.

Total profits should be down for its 2012-2013 fiscal year ending March 31, 2013 and to between 400 to 440 million euros.

tgv-est-gareThe French Railways should sell low-cost TGV tickets from 2013: the price of a one way ticket could be less than 25 euros. RTL confirmed yesterday that the TGV TGV tickets will market low-cost in return for a "trip less enjoyable."

According to the website of the daily Le Figaro, Air France would provide a voluntary separation plan of 5000 jobs by 2015 as part of its restructuring plan.

The restructuring plan is expected to be unveiled Thursday, May 24, 2012 at the conclusion of the Works.

Negotiations should last a month with employee representatives.

Air France aim to reduce costs by 20% by that date where this drastic plan.

The CEO of Air France, Alexander Juniac will have to negotiate also with the new Minister of Transport and Maritime Economy, Frédéric Cuvillier, the mayor of Boulogne-sur-Mer.


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