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Ryanair saves over €50m by renegotiating its contracts with airports

8 April 2008

Ryanair has extracted savings of more than €50m by renegotiating airport contracts in recent weeks and has also quietly extended its management pay freeze to “more than half” the airline’s staff.

However chief executive Michael O’Leary said the airline had failed to secure any cost savings at Dublin airport and is now planning to scale back its Dublin presence next winter.

The savings drive comes as the airline continues its war against rising fuel prices.

source: independent.ie 

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