That is an extra 200 million euros for the summer. They will fly a lot less in the winter but still face a big hike in fuel costs.
So if they fly less in the winter how will they face a big hike in fuel prices ?
I could be wrong BUT when an aircraft is on the ground with no engines running the fuel burn rate is exceedingly low but you no doubt will say something differently.
They are also returning planes to leaser instead of selling the ones they own. This reduce the price they can get for the ones they own later.
RBS arm backing Ryanair's aircraft deal - Irish, Business - Independent.ie
Why would it be as all they are doing is keeping to the terms of agreements signed in 2003 with RBS Aviation Capitol.