Thursday, October 1, 2009

Ryanair cancel Osijek service due to 70% load factor

A report in Croatia's Glas Slavonije sheds some interesting light on Ryanair's business model. The airline has decided after 5 1/2 months of operation on the Osijek - Hahn route to end the service for the winter since load factors were only 70%, a figure which would please most legacy carriers. As of September 27, a total of 10,000 passengers had traveled on the route. Osijek Airport and Ryanair signed a 5 year mutual cooperation agreement prior to the service commening on May 6 this year, an agreement which allows both parties freedom to review their mutual decisions.

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