Ryanair route of low cost flights Madrid-Alicante sparks price war
The start of Ryanair flights between Alicante and Madrid on 18th November has led to an 80% reduction in the price of various flights and train journeys on this route. In response to Ryanair’s offer of flights costing 10 euros each way plus additional costs Iberia has started offering flights on the same route for as little as 22 euros, all inclusive. Yesterday the Spanish national rail company, Renfe, responded by offering train tickets booked on the internet for 16 euros one way if booked 2 weeks in advance.
Although prices have dropped over the last few weeks due to the recession Ryanair has recently announced a net profit of 214 million euros during the first financial quarter (April to September) which is a 47% drop compared to 2007. The company said that fuel costs had affected its profits. Ryanair made 407.6 million euros for the same period last year.
The commencement of flights between Alicante and Madrid this month means that there will be 27 flights between the Spanish capital and Alicante daily 13 from Alicante to Madrid and 14 from the capital to Alicante.
The last flight that leaves Madrid is at 23.40 hours (Iberia) which leaves Alicante the next day at 7.15 am.
Ryanair is offering the possibility of flying to Madrid twice a day at 14.45 and 22.55 hours and return flights from the capital leave at 13.10 and 21.20 hours- the cost from as little as 10 euros each way plus extras (only hand luggage is allowed free of charge with all hold luggage extra).
Troubled Spanair has not entered into the fray yet and is still charging 50 euros each way from Alicante to Madrid.