Ryanair has delivered a stronger than expected performance in the first month of its significantly expanded winter schedule. Despite increasing November seat capacity by 13% (over Nov 13) and opening a large number of new city pair routes designed to appeal to business traffic, Ryanair’s November load factor rose by 7% points from 81% in 2013 to 88% in 2014. Ryanair noted that it had materially exceeded its first month load factor targets across a significant number of city pair markets where it is offering business type frequencies in direct competition to longer established, higher fare airlines. Ryanair attributes this

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