Absolute crap , whilst they may well be running an operating loss at the moment they will not be shedding 600 pilot jobs , they are still hiring a lot of pilots to fly the new metal , the sums just don't add up for this to be true .
OK, 600 pilots may be really too much, but the argument is not valid itself. RYR is taking new deliveries and same time parking existing airframes of the fleet (at least that's what a read somewhere on internet). If there are many long-standing commitments for something sometimes it is easier (and cheaper) to follow the line and take some actions on a side, rather than to cut or suspend the whole deal.
Yeah lets bury our heads in the sand, everythings going to be just fine, your great leader MOL wanted the perfect storm, but just forgot to hedge the fuel cost.. S**t
Easyjet just posted a loss, jet2 posted a loss, globespan posted a loss, Ryanair posted £300,000,000 profit. Ryanair are not laying off 600 pilots. Ryanair will still be here when all of this none sense has settled down and many others have gone to the wall. 411A Ryanair will be around for a long time over here, just as Southwest will over there! I don't know what pax you used to cary on the 10, but the vast majotity of ours are normal, well washed inteligent people who know a good deal when they see one!
Ryanair have huge cash reserves, but I doubt that MOL will allow any of that to be spent keeping crews on the pay roll if he doesn't have to. Hence the "option" of unpaid leave that is on offer.
But, between now and 2012 Ryanair have another 100 or so B738's arriving and under their model they need 6.7 crews per aircraft to keep them running (Eddie Wilson's figures) and shedding 600 crew just does not add up.
Perhaps 600 crew in total (Flight Deck and CC) is the number being looked at for "unpaid leave" over the winter period when Ryanair won't be as busy. They demand total flexibility from their staff (i.e if the company makes money then the staff can have some too) and maybe this is the move from MOL and his henchman to seek further "flexibility" from an already stretched (financially speaking) workforce.
Ballsout. Jet2.com end of year results aren't published till 24th of July, so if you have a copy of the financial year end 08 published accounts pray tell us all how much they lost in 07/08 ??
What they actually gave to the market was a "profit warning" early in the year. So the profit maybe flat, less than last year etc, but I haven't heard them say a loss yet ?. ...
Don't forget they are a distriburion group, aviation is only a part of it.
With a minimum of 20 airframes being parked up then 600 seems a bit steep at 6 crews each but not within the bounds of possibility if its cabin crew as well. Afterall wasn't he trying to wetlease crews out to India with adverts to that effect carried on his website?
Makes sense that he will continue to recruit new joiners as they are a source of income and fly for free until checked out. BUT will they get any hours afterwards? Maybe they will get some but will they be able to pay back their training costs if they work a reduced roster.
I believe that in two years FR will again be posting record-high net profits. And I believe that it will benefit from this present climate very similar to how it did post-September 11th (although today is meant to be the most challenging environment for the past 30 years), namely by benefiting, in part, by other airlines' capacity withdrawls, frequency reductions, route eliminations, higher fares charged, etc. The next couple years will certainly be very interesting.
Flyglobespan, the low-cost airline set up six years ago by entrepreneur Tom Dalrymple, is on track to return to profit this year after a £13m loss in 2007.
I believe that in two years FR will again be posting record-high net profits.
I doubt it. 9/11 and the high price of fuel are not related in any way. We all know that the cost of fuel is one of the largest operational costs of any airline and there is no such thing as an "expensive" low cost airline. At the end of the day ticket prices will rise, the general population will be feeling the pinch in every day life and the first thing to go will be the overseas holiday resulting in less passengers for the airlines. It will indeed be the survival of the fittest but I have my doubts as to how a low cost fits into that equation. FR certainly has size and diversity on its side.
It is a bit to early to start panicking and predicting doom and gloom - like filling up your car because a few lorry drivers are on strike. It was well publisized the FR would be parking a few aircraft over the off season and I'm sure thats all it is.
I doubt it. 9/11 and the high price of fuel are not related in any way.
11th September and high fuel prices are related in terms of how a good number of airlines will reduce capacity, eliminate routes, reduce frequencies, etc., to try to control the situation and reduce the likelihood of losses. And I firmly believe that amid that rationalisation comes opportunity - but only for certain airlines.
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We all know that the cost of fuel is one of the largest operational costs of any airline and there is no such thing as an "expensive" low cost airline.
Yes. FR already had low costs and high efficiency and productivity. But it has actively sought to reduce costs still further by around €400m, primarily through contract renegociation. FR benefits greatly by being such a focused and dedicated airline.
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At the end of the day ticket prices will rise
I agree and disagree. I agree because FR has stated on several occasions that its average fares will rise by 5%. That, I believe, will be on non-sale fares. I disagree because FR is evidently doing everything possible to maximise the number of passengers flying; indeed, it has since the beginning of May had 3 or 4 FREE NO TAXES, NO FEES, NO CHARGES specials - and that is peerless in such a short space of time. But don't forget that FR has been tweaking upwards (as it has done for a long time) its various ancillary revenue components, so those combined are one way in which it can still offer excellent deals that permit more people to travel.
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the general population will be feeling the pinch in every day life and the first thing to go will be the overseas holiday resulting in less passengers for the airlines.
The only way I'm feeling in the pinch is that my bread has increased by 30p. So I just buy cheaper bread. The vast majority of people who fly FR do so for VFR and full leisure reasons. I believe that if people are to still travel - which they obviously are and will continue to - they will in a number of cases trade down to cheaper alternatives, and that is another reason why true discount airlines are in an enviable position.
Last edited by JulietNovemberPapa : 15th June 2008 at 11:48.
I left Ryanair some time ago now, so I'm not that up to date with the current state of play there. I thought that all Ryanair pilots taken on over the past year or so were Brookfield contracts that only got paid when they fly. Easy to get rid of guys that don't have a Ryanair contract, simply say you're not needed for the next month or so. Is this the case or am I a little off base?
Bull. Ryanair is giving up to 35 captains and up to 50 F/O's the option to take up unpaid leave this winter, simply because a part of the fleet will be grounded due to lower demand (edit: apparantly it's not due to grounding aircraft, so I'm wrong there). It's not forced, it's simply for those who are interested in it.
That's only 85 people max and they're not being fired, they're just going on holiday to Florida.
Why would you lay off 600 people if you have an expanding fleet and route network? Yes, just like other airlines Ryanair is feeling the pressure of high oil prices, but it's still growing and growing means MORE employees, not LESS.
Isn't this a bit like I heard off a friend of a friend whose cousin supposedly saw a piece of paper?
I mean its not actually official and some of you are on hear saying I told you that it could never work (sunfish looking at you)
How about we actually wait for a official statement before all jumping the gun, or actually wait for the announcement of the 600 jobs to go?
Like many said last year we also asked for unpaid leave and like then we didn't ground aircraft at Stansted they were in fact sent to the new bases in Spain.
But don't let facts get in the way of a good rumor even if it a bit dopey?
Of all the garbage that i've read about Ryanair this has to be top of the list. I don't work for them but i very much doubt that sacking 50% of the pilot workforce is on the cards esp when they'll be collecting 6 aircraft a month from sept on a nd 2 billion in the bank! I'm sure they are offering more unpaid leave then usual this winter. To any one who may believe this,Santa 's not real and the tooth fairy does not exist!!!!!!!!!!!
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