Need a Hotel terminates Ryanair deal
Ryanair’s online hotel provider Need a Hotel has severed its agreement with the budget airline.
The deal will be terminated at the end of the year, the airline announced today while revealing a half year net profits rise of 39% to 329 million euros.
The decision by Need a Hotel came despite Ryanair revealing a 27% rise in ancillary revenues in the six months to September – growth which outstripped the rise in passenger volumes.
Ryanair CEO Mchael O’Leary said: “While the terms of our agreement are confidential, we anticipate that returns for the remainder of the fiscal year will remain unaffected.
“We are confident that we can replace Need a Hotel without affecting the returns this business generates.”
Meanwhile, Ryanair said fuel costs had risen by 42% to 337 million euros in the six months. But the airline had used the recent weakness in forward oil prices to hedge half of its requirements for the October-December 2007 quarter – a rate 10% lower than this year.
O’Leary, who used the half year results announcement to continue his criticism of airports operator BAA and “indept” security measures at Stansted, said he remained cautious about the outlook for the remainder of the financial year.
Report by Phil Davies
Phil Davies
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Airbnb eyes a loyalty program but details remain under wraps
Airlines suspend Madagascar services following unrest and army revolt
Qatar Airways offers flexible payment options for European travellers
Air Mauritius reduces frequencies to Europe and Asia for the holiday season
Major rail disruptions around and in Berlin until early 2026