I hate to make any comparison to Ryanair but when faced with chalenges in their market place they cut prices. Given the reduction in money in the economy why can't fares be cut to stimulate traffic. Every supplier is under pressure to reduce charges or price in order to stay afloat. Irish Rail cannot ignore the reality of reduced disposable income and hope to maintain all its routes. So if fares are to be kept artificially high until whenever (if ever) the economic prosperity returns what happens to the rail service and passengers?
I haven't heard of Michael O'Leary reducing aircraft on the Dublin Cork route or putting aircraft into storage until he thinks can fill them.
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