Why We Can Expect More Competition among European Low Cost Carriers Post-Pandemic

Zhang, Hanxiang; Czerny, Achim I.; Grimme, Wolfgang; Niemeier, Hans‐Martin

doi:10.2139/ssrn.3790539

Cited by 2 publications

(2 citation statements)

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“…According to CAA.co.uk, for Passenger Services, 'Number of Passengers Uplifted' can show the popularity and market share of different airline companies in UK [5]. It shows that, as of September of 2023, most popular airlines are EasyJet UK (3,936,037), British airways (3,341,355 (passengers, the same below)), Jet2.com (2,146,374), TUI Airways (1,463,111), Virgin Atlantic Airways (439,248), Wizz Air UK (401,158), Ryanair UK (366,456) , BA EuroFlyer DBA British Airways (328,101), BA CityFlyer (218,699) and so on. It shows from CAA database that Ryanair ranks only seventh largest market share and it is only 1/10 of that of EasyJet UK with largest market share.…”

Section: Competition From Rival Sellersmentioning

confidence: 99%

“…found that in 1991 Ryanair carried 0.7 million passengers after restructuring and re-launching as a low-cost carrier and it took only 7 to 8 years for Ryanair to catch up other low-cost carriers [1]. Low-cost carrier network overlap increased significantly in the late pre-pandemic period and especially during the pandemic, and the network overlap development during the pandemic is considered to be an indicator of the intensity of competition among European low-cost carriers after the pandemic [2]. Low-cost carrier aviation industry features fierce competition before, amid and after the covid-19 pandemic.…”

Section: Introductionmentioning

confidence: 99%

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A Financial Analysis of Ryanair in UK Market

Wang

2024

EHSS

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This report evaluates external environment and internal environment of Ryanair. It has certain competitiveness in the UK market, but it still faces challenges from potential entrants, suppliers, buyers, substitutes and industry competitiveness. In order to remain competitive in the market and meet customer needs, Ryanair airlines need to continuously innovate and improve services, while establishing long-term and stable cooperative relationships with partners to achieve sustainable development. The conclusion is that Ryanair has recovered from the pandemic downturn in 2023 financial year. Its risks are identified and risk management measures are analysed. First, Ryanair faces legal risks as it faces increasingly complex data protection laws and regulations. Second, in a highly competitive industry, the company faces operational risk from being exposed to significant price and other pressures. Third, Ryanair faces financial risks. Fourth, Ryanair faces cybersecurity risks and may incur increasing costs to minimize these risks. Within the company, Ryanair has established a clear functional organizational structure and clear division of responsibilities and authorities including the appointment of head of internal audit and the chief risk officer. Ryanair has implemented a risk management program across the company, with senior management responsible for reviewing and monitoring the financial and non-financial controls in place to manage risks to the business.

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Section: Competition From Rival Sellersmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%