Ryanair Holdings: Replacement RYANAIR TO CREATE OVER 1,000 NEW JOBS

[News Story] Ryanair, the world's favourite airline, today (17th Jan) confirmed that it will create over 1,000 new jobs in 2012 for pilots, cabin crew, engineers and sales/marketing people, as Ryanair's fleet will grow from 270 to 305 aircraft.

Ryanair is not aware of any other Irish company that will create 1,000 new jobs in 2012. While many of these jobs will be taken up by Irish people, sadly none will be based in Ireland, where a combination of high charges at the Government owned airports, and the Gov's EUR3 travel tax, means that seat capacity and traffic at the DAA airports will continue to decline, while Ryanair grows rapidly with 5 more bases in Europe, where airports offer considerably lower fees and other EU governments do not tax visitors. Already in 2012, Ryanair has announced 5 new bases in Billund (Denmark), Wroclaw (Poland), Palma (Spain), Manchester (UK) and Paphos in Cyprus. Ryanair expects its traffic to grow from 76m passengers in 2011 to 80m in 2012.

All pilots, cabin crew, engineers and sales and marketing professionals interested in applying for a career with Europe's largest and the world's favourite airline, Ryanair, can obtain further information of these 1,000 new job vacancies on Ryanair's website at www.ryanair.com/ie/careers/job.

Ryanair's Stephen McNamara said:

"Ryanair looks forward to another strong year of fleet and traffic growth in 2012 and we are proud to create over 1,000 new jobs in Europe for pilots, cabin crew, engineers and sales and marketing people, as Ryanair's unmatched lowest fares, and no fuel surcharge guarantee continues to make Ryanair one of Ireland's very few, world leading, multinational success stories.

While Ryanair has grown rapidly to become the No.1 airline in Spain, Italy, the UK and many other EU countries, we continue to reduce flights, traffic and job numbers here in Ireland, where the DAA monopoly airports are totally uncompetitive, and even Aer Lingus has described Dublin Airport's fees as "insane". Sadly the new Irish Government continues to follow the failed policy of its predecessor by supporting the DAA monopoly's high and rising airport fees, and the crazy tourist tax which has seen traffic at the three Govt owned DAA airports decline from 30m passengers in 2007, to just 22m in 2011.

Ryanair believes that Ireland can return to strong traffic, tourism and jobs growth, but only when the new Government delivers on its promise to scrap the tourist tax, reduce the DAA's high airport charges to competitive levels, to put Ireland back in the market as a low cost tourist destination, and end the failed policy of protecting the high cost, traffic declining DAA airport monopoly."

Source: Irish Stock Exchange

Recent Trading

Ryanair Holdings (RY4B.I) MCap is EUR5.6 billion (US$7 billion) at the last price of EUR3.762. P/E of 18.2 [19.2]; rank 18 out of 24 stocks with positive earnings.

Currency Conversion: Euro1= US$1.2738 [or US$1=Euro0.79]; Against the US$ the Euro added 55.26 basis points (or 0.6%) for the day; weakened 0.5% for the week; fell 2.6% for the month; dropped 7.5% in the past year. EUR1 = 100c.

Source: www.BuySellSignals.com