Description
Ryanair is currently recruiting for a Yield Analyst to join Europe’s Largest Airline Group. This position will be based at Ryanair’s Head Office in Airside Business Park in Swords.
Using their excellent analytical skills, the successful candidate will be responsible for managing and analysing a portfolio of routes to deliver on load factor targets whilst maximising revenue performance on these routes. They will be responsible for a number of routes from a particular market in Europe and will require an in-depth knowledge of their market / route’s booking and spending patterns and the ability to adjust the routes accordingly to meet targets. The ideal candidate will have a clear understanding of the relationship between price and volume and supply and demand.
Responsibilities
* Achieve target load factors across a portfolio of routes.
* Achieve and surpass revenue targets.
* Propose proactive pricing and yield management strategies.
* Develop a detailed booking profile by market to ensure an optimal booking build in order to maximise yield.
* Conduct detailed market reviews, identifying potential threats and opportunities.
* Understand the underlying factors which influence performance.
* Analyse the competitive landscape to ensure Ryanair offers the most competitive fares.
* Provide feedback on capacity and schedules in key markets.
* Analyse historical data on traffic and revenue to establish parameters for future fare and availability levels.
* Liaise with other key functions within the commercial department including scheduling, sales and marketing and new route development to help deliver company objectives.
* Monitor events/shifting holidays and potential impact on demand.
* Evaluate market data and generate detailed reports for Senior Management.
* Measure the impact of price changes on demand and revenue.
Requirements
* Possess a third level qualification in mathematics, finance, economics or a similar analytical background.
* Have a clear understanding of the relationship between price and volume and supply and demand.
* Have strong numeric and analytical skills and the ability to deliver clear written reports evaluating performance.
* Excellent communication skills in English.
* Very strong knowledge of Excel and ideally SQL, with ability to translate analysis into actions.
* Hands-on attitude and should be able to decide and react under pressure.
* Be a self-starter with the ability to work on their own initiative in developing appropriate strategies to achieve company goals.
* Experience and strengths in modelling and analysis is a plus.
* Discounted and unlimited travel to over 250 destinations.
* Defined Contribution Pension Scheme – Matched up to 5% or €5,000.
* Death in Service Benefit – Up to 2 times of annual basic salary.
* 20 Days Annual Leave – Increasing to 22 days after 12 months and 25 days after 3 years of continuous service.
* Option for up to 5 additional unpaid leave days per year.
* Cycle 2 Work Scheme.
* Unrivalled career progression.
Benefits
* Discounted and unlimited travel to over 250 destinations.
* Defined Contribution Pension Scheme – Matched up to 5% or €5,000.
* Death in Service Benefit – Up to 2 times of annual basic salary.
* 20 Days Annual Leave – Increasing to 22 days after 12 months and 25 days after 3 years of continuous service.
* Option for up to 5 additional unpaid leave days per year.
* Cycle to Work Scheme.
* Unrivalled career progression.
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