ECONOMY

Ryanair sees room for expansion in Greek market

Ryanair is “quite optimistic” it can clinch a deal to boost passengers to Greece to 10 million passengers per year from 1.5 million at present, Deputy CEO and Chief Operating Officer Michael Cawley told Reuters in an interview published on Wednesday, adding that the Greek government was actively trying to unwind historic agreements with airports.

“You can look at the countries on the periphery and say they are basket cases, but in fact the inverse of that is the case. They are under-served,” the Irish airline’s official said.

He added that, for example, the number of seats per head of population was around five times higher in Dublin, Ryanair’s home base, than in Athens, pointing to the room for expansion.

[Reuters]