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It comes after Ryanair reported a 17% drop in ticket prices to 33 euro per passengers in the three months to the end of December,and said it expects prices to fall further into 2018. "Our prices are falling faster than we initially planned, but this is good news for customers," Ryanair said. The airline blamed downward price pressure on Brexit uncertainty, a weaker pound, and the drop in demand for destinations like Turkey, Egypt and North Africa, all of which have made headlines for terrorist attacks in recent years. Airlines are now pulling back from those regions to focus on the Western Mediterranean, Spain and Portugal, where competition is getting fierce. Analysts are now forecasting other carriers could follow suit and slash prices. Robin Byde, a transport analyst at Cantor Fitzgerald, said: "There is too much capacity in the European short haul market and both Ryanair and easyJet have ambitious growth plans. "Both have signalled weaker yields, and are, in part, driving this discounting." Numis Securities analyst Wyn Ellis said the relative rate of capacity growth - or the number of seats and flights on offer - is "significantly higher" than underlying demand growth. Demand across Europe is growing between 4% to 5%, while capacity growth - most of which is concentrated in the Western Mediterranean - is rising by 6% to 7%. Meanwhile, cheap fuel prices are enabling further price cuts. "That's the overall issue and it's affecting all airlines in European short haul.
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But the chairman of the panel holding that hearing says the housekeeper matter is not a hurdle in itself. "Since Mr. Puzder reported his mistake and voluntarily corrected it, I do not believe that this should disqualify him from being a cabinet secretary," said Sen. Lamar Alexander of Tennessee, who leads the Senate Health, Education, Labor and Pensions Committee. Democrats and their allies have piled on with unflattering stories from workers at Puzder's restaurants, and they question how well he can advocate for American workers given that he opposes a big hike in the minimum wage and other labor priorities. "What we have heard is story after story about how he spent his career squeezing workers for profit, leaving many with lost wages, no financial security, and no retirement," said Democratic Sen. Patty Murray of Washington, the ranking Democrat on the Senate committee that will handle Puzder's confirmation hearing. "If Mr. Puzder ever does come before our committee, he's going to have a lot of explaining to do." Puzder is the second Trump pick whose nomination has faced questions over their hiring of household workers. Mick Mulvaney, Trump's pick to run the Cabinet-level White House budget office, had acknowledged that he failed to pay more than $15,000 in payroll taxes for a household worker more than a decade ago. He's repaid the government, and those developments do not seem to be impeding his prospects for confirmation.
The service will use 98-seat Embraer SA E190 jets from BAs CityFlyer arm. The most important business stories of the day. Get Bloomberg's daily newsletter. Sign Up BAs current Manchester timetable features as many as 10 daily shuttle flights to London Heathrow that feed passengers onto lucrative long-haul routes. The airlines last services from the city to mainland Europe ended in 2007, followed by the termination of the final long-haul destination, New York, in 2008. Though it still serves Bilund in Denmark and Bremen, Germany, those flights are operated by Danish carrier Sun-Air. The new destinations each get one weekend return service, apart from Ibiza, with three weekly flights, and are meant partly to improve utilization of the E190s. While the jets are based at London City Airport , the urban facility closes to flights between 1 p.m. Saturday and 12:30 p.m.
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