In Madrid, Ryanair plans to open two new routes in December: to Athens (Greece) and Kiev (Ukraine), with four weekly flights each. Likewise, services to Milan Malpensa will be increased, as well as additional frequencies to Copenhagen, London, Prague, Cologne, May 2019 Calendar Australia, Marrakesh, Marseille and Santiago. All this to reach 6.85 million passengers from the airport. This is the roadmap that has detailed this Thursday the CEO of Marketing of the airline, Kenny Jacobs, at an event in Madrid. Jacobs has pointed out that Ryanair can close bases “anywhere” for commercial reasons, although he has pointed out that no decision has yet been made in this regard. Last year the company closed its bases in Bremen (Germany) and Eindhoven (Holland). In Gran Canaria and Lanzarote, the Irish “low cost”, which lost 20 million euros in its fiscal third quarter, has opted for the moment to cut planes in, which has revived the criticism of the unions to the company. Despite this, Jacobs has assured this Thursday that social peace within the airline is guaranteed.
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Jacobs has also announced that the airline has stalled its alliance with Air Europa. The reason? The tickets of the company founded by Juan José Hidalgo through the Irish website were less than expected. Sources of the “low cost” emphasize however that it is not ruled out that this alliance will be reactivated in the future. In fact, the company believes that this type of agreements within the sector will be popularized during the next five years.
Regarding the uncertainties surrounding the airline industry, Jacobs has highlighted the price of fuel and Brexit as major challenges for the industry. In addition, Jacobs has predicted that there will be a process of concentration in the market that will eliminate the current overcapacity. According to his calculations, 10% of the supply of the sector will be affected by this phenomenon. The five-year period of sustained economic recovery and the accelerated pace with which the Spanish tourism industry has been pulverizing its own records has had a direct impact on recovery of the value of the hotel sector, but sensitivity to the economic cycle points to five-star hotels as the great beneficiaries of these last years of bonanza. According to the May 2019 Calendar Australia appraisals, establishments in this category increased their value by 10% during the last year. In contrast, four-star hotels were revalued by 4% and those of three pricked: today they are worth 7% less than a year ago.