New Route Announcement

Ryanair Holdings PLC 13 February 2003 AER RIANTA COST INCREASES LOSE SHANNON RYANAIR'S DAILY FRANKFURT SERVICES Kerry Airport wins the business for Irish tourism Ryanair, Europe's No.1 low fares airline today (Thursday, 13th February 2003) announced that since the Aer Rianta airport monopoly at Shannon has refused to withdraw its proposed €6 per passenger cost increase on Ryanair's successful Shannon-Frankfurt route, Ryanair will reduce capacity on the route from its present daily service to a weekly service which will operate to/from Shannon on a Saturday. However, Ryanair is delighted to announce that Irish tourism (particularly to the Mid West region) will not suffer as a result of these Aer Rianta cost increases, because of a new long-term low cost agreement with Kerry Airport which will mean that Kerry will now enjoy a daily return service from Frankfurt Hahn. These flights which will commence on Tuesday 1 April, will result in 100,000 passengers travelling between Kerry International Airport and Frankfurt Hahn and will mean that German visitors to Ireland can continue to avail of very low air fares, and will continue to account for 84% of the 100,000 passengers who travel on the route each year. Ryanair regrets the decision by the Aer Rianta monopoly at Shannon to massively increase prices on a route that is still developing, and which has now meant that one of the few remaining scheduled links between Shannon and Continental Europe has effectively been discontinued. Ryanair remains concerned that the Aer Rianta airport monopoly at Shannon will attempt to impose similar price increases on Ryanair's low fare flights between Shannon and Brussels and Shannon and Paris when the three year new route scheme ends on those two routes in 2004 and 2005 respectively. The policies of the high cost Aer Rianta monopoly are losing Shannon passengers and routes, as well as damaging Irish tourism and Irish jobs. It is time this monopoly was broken up for good, with competing multiple terminals developed at Dublin Airport and that Cork and Shannon are separated from the dead hand of Aer Rianta and allowed to develop routes and traffic in the interests of Shannon and Cork respectively. Low fares between Kerry International Airport and Frankfurt Hahn go on sale next Monday, and there are 10,000 seats on sale at an introductory offer of just €19 one way (plus taxes and charges) for travel in the month of April. We urge passengers to buy now while stocks last at these ridiculously low fares. Ends. Thursday, 13th February 2003 For further information please contact: Michael Cawley Ryanair Tel. +353-1-8121212 Pauline McAlester Murray Consultants Tel. +353-1-4980300 This information is provided by RNS The company news service from the London Stock Exchange
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