Ryanair is to cancel 40 to 50 flights every day for the next six weeks, in a bid to improve punctuality of flights. The move could affect up to 285,000 passengers, who will be offered alternative flights or refunds. Ryanair said that less than 2% of its flights would be cancelled and the move would help it hit its annual punctuality target of 90%. Ryanair made a profit of €1.32bn (£1.16bn) last year after it carried 120 million passengers. So it can afford to risk annoying up to 400,000 of its customers by suddenly cancelling hundreds of flights at short notice. He apologised to shareholders for a “major management failure” that has cost Ryanair about 25million euro (£22million) and has caused a 10% drop in share prices.
