Ryanair - 9
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From Today's Cyprus Mail
Ryanair Chief Executive Michael O’Leary is to travel to Cyprus on Thursday for talks with the government about the possible takeover of loss-making carrier Cyprus Airways, he told journalists.
Ryanair was among nearly 20 companies which last month submitted non-binding expressions of interest in the airline, now controlled by the Cypriot government. The process is a preliminary step towards any eventual binding offer.
O’Leary’s announcement marked a change of approach as he had said last month that Ryanair, Europe’s largest budget airline, was not particularly interested in acquiring the carrier.
“We are engaged in the process and hope something will come of it. It’s a very political process down there,” he told a news conference in Dublin on Thursday, adding that any deal would be small relative to Ryanair’s overall growth strategy.
Under his company’s proposal, Cypriot Airways would retain its brand and operate under a separate air operator’s certificate to Ryanair, he said.
The Irish airline will propose it could boost the airline’s passenger numbers to 3 million per year from 600,000 currently, down 50 percent from peak, O’Leary said. He declined to give any further details.
Ryanair has only ever taken over one other airline, Buzz, which was absorbed into the Ryanair brand.
Cyprus Airways has struggled to survive against cheaper competitors and has been loss-making for years despite several attempts at a turnaround.
The airline has recently resorted to selling assets to stay afloat, including its slots at London’s Heathrow airport.
It is also under scrutiny by the European Commission. Brussels is investigating terms of a 31.3 million euro ($41.5 million) capital increase in early 2013, and a 73 million euro rescue package by the Cypriot state in 2012 to establish whether it violated state aid rules.
Presumably the telling bit here is when MOL says that Cyprus Airways will operate under a separate AOC? Middle East operations come to mind?
Ryanair Chief Executive Michael O’Leary is to travel to Cyprus on Thursday for talks with the government about the possible takeover of loss-making carrier Cyprus Airways, he told journalists.
Ryanair was among nearly 20 companies which last month submitted non-binding expressions of interest in the airline, now controlled by the Cypriot government. The process is a preliminary step towards any eventual binding offer.
O’Leary’s announcement marked a change of approach as he had said last month that Ryanair, Europe’s largest budget airline, was not particularly interested in acquiring the carrier.
“We are engaged in the process and hope something will come of it. It’s a very political process down there,” he told a news conference in Dublin on Thursday, adding that any deal would be small relative to Ryanair’s overall growth strategy.
Under his company’s proposal, Cypriot Airways would retain its brand and operate under a separate air operator’s certificate to Ryanair, he said.
The Irish airline will propose it could boost the airline’s passenger numbers to 3 million per year from 600,000 currently, down 50 percent from peak, O’Leary said. He declined to give any further details.
Ryanair has only ever taken over one other airline, Buzz, which was absorbed into the Ryanair brand.
Cyprus Airways has struggled to survive against cheaper competitors and has been loss-making for years despite several attempts at a turnaround.
The airline has recently resorted to selling assets to stay afloat, including its slots at London’s Heathrow airport.
It is also under scrutiny by the European Commission. Brussels is investigating terms of a 31.3 million euro ($41.5 million) capital increase in early 2013, and a 73 million euro rescue package by the Cypriot state in 2012 to establish whether it violated state aid rules.
Presumably the telling bit here is when MOL says that Cyprus Airways will operate under a separate AOC? Middle East operations come to mind?
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Looks as if Ryanair are starting to upload their Summer 2015 flights from Dublin and London Stansted.
Lets hope the new Dublin-Brussels route comes up shortly and those East Midlands increases as guided last week.
Lets hope the new Dublin-Brussels route comes up shortly and those East Midlands increases as guided last week.
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Cyprus Airways
An update on Cyprus Airways meeting yesterday.
Ryanair says it can turn around Cyprus Airways - RTÉ News
Ryanair says it can turn around Cyprus Airways - RTÉ News
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Much needed frequency increases on some routes from Dublin as well.
Warsaw is going to go to 6 for the rest of the summer from 1st September, up from 5, and will keep said frequency for the winter (last year 4).
I'd be interested to see how EI's loads on Warsaw are holding up, since FR bookings are at a record high on the route, so much so that every single flight in the next week is sold out from Warsaw and the flight on the 31st only has one seat left.
Warsaw is going to go to 6 for the rest of the summer from 1st September, up from 5, and will keep said frequency for the winter (last year 4).
I'd be interested to see how EI's loads on Warsaw are holding up, since FR bookings are at a record high on the route, so much so that every single flight in the next week is sold out from Warsaw and the flight on the 31st only has one seat left.
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RYR aircraft departed Stansted yesterday for ESGG (Gothenburg) rather than their tradition ESGP (Gothenburg City - a shack in the woods). Is this a new route to the main airport or something else?
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Ryanair v EasyJet on Business fares
London - Barcelona, 3rd - 7th November 2014.
RYANAIR
Mon 3 Nov - Dep. STN 08:15, Arr. BCN 11:25
Fri 7 Nov - Dep. BCN 14:25, Arr. STN 15:55
"Lowest Fare"
1 checked bag (20kg)
"Premium" reserved seat
Priority Boarding
= £118.30
"Business Plus"
Flexible Tickets
Fast Track Security
1 checked bag (20kg)
"Premium" reserved seat
Priority Boarding
SMS flight details
= £163.18
EASYJET
Mon 3 Nov - Dep. SEN 10:25, Arr. BCN 13:25
Fri 7 Nov - Dep. BCN 14:00, Arr. SEN 15:15
"Standard Fare"
1 checked bag (20kg)
"Up Front" reserved seat*
= £95.85
"Flexi Fare"
Flexible Tickets
Fast Track Security
1 checked bag (20kg)
"Up Front" reserved seat*
Priority Boarding
= £209.98
* = EasyJet "Up Front" seats rows 2 - 5 only. Higher/Extra charges apply for row 1 seats.
Ryanair search based on flights from London Stansted. EasyJet search based on flights from London Gatwick, Luton and Southend airports.
All fares are the cheapest available fares for each airline on the day of travel (3rd and 7th Nov).
All prices are based upon credit card payments.
Any thoughts?
RYANAIR
Mon 3 Nov - Dep. STN 08:15, Arr. BCN 11:25
Fri 7 Nov - Dep. BCN 14:25, Arr. STN 15:55
"Lowest Fare"
1 checked bag (20kg)
"Premium" reserved seat
Priority Boarding
= £118.30
"Business Plus"
Flexible Tickets
Fast Track Security
1 checked bag (20kg)
"Premium" reserved seat
Priority Boarding
SMS flight details
= £163.18
EASYJET
Mon 3 Nov - Dep. SEN 10:25, Arr. BCN 13:25
Fri 7 Nov - Dep. BCN 14:00, Arr. SEN 15:15
"Standard Fare"
1 checked bag (20kg)
"Up Front" reserved seat*
= £95.85
"Flexi Fare"
Flexible Tickets
Fast Track Security
1 checked bag (20kg)
"Up Front" reserved seat*
Priority Boarding
= £209.98
* = EasyJet "Up Front" seats rows 2 - 5 only. Higher/Extra charges apply for row 1 seats.
Ryanair search based on flights from London Stansted. EasyJet search based on flights from London Gatwick, Luton and Southend airports.
All fares are the cheapest available fares for each airline on the day of travel (3rd and 7th Nov).
All prices are based upon credit card payments.
Any thoughts?
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British Airways LGW-BCN same dates, similar times £117 including 23kgs bags & 10kgs hand baggage, selected seat STD-24hrs, calm boarding and perhaps a sincere smile in a comfortable reclining seat with enough leg room and a free bar.
KLM AMS-BCN same dates, similar times €113 including 23kgs bags & 10kgs hand baggage, selected seat STD-24hrs, calm boarding and perhaps a sincere smile in a comfortable reclining seat with enough leg room and a free bar. I know this is not London, but it is an example of what is available throughout the non-LoCo world.
So what is this LoCo thing supposed to be then? Wake up people and enjoy the real coffee.
KLM AMS-BCN same dates, similar times €113 including 23kgs bags & 10kgs hand baggage, selected seat STD-24hrs, calm boarding and perhaps a sincere smile in a comfortable reclining seat with enough leg room and a free bar. I know this is not London, but it is an example of what is available throughout the non-LoCo world.
So what is this LoCo thing supposed to be then? Wake up people and enjoy the real coffee.
Last edited by RAT 5; 27th Aug 2014 at 14:14.
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I know all that, have taken advantage of it, and am grateful for it, but the market has shifted and best value is not anymore the monopoly of the LoCo's. Equally the LoCo's have shifted their business model more towards the traditional carrier's style; hence we are talking about reserved seating, premium this & that, flexi tickets etc. etc. The difference is now smaller than it was so it is really a time for buyer beware and do some research. I travel many times on a route served by both types of carrier. More often than not the traditional carrier's final price, with all my sports paraphernalia included, at a more convenient time is cheaper than the competing LoCo. On some occasions with just hand luggage the LoCo scrapes in, but it's usually not by much. There are some great fares out there if you have flexibility and you will find them in the most unexpected places. Equally, I have looked at LoCo 'last minutes' (<5 days) on return flights into main EU airports and they are the same price as some 10 hour flights to USA and other destinations by the national carrier.
There's nowt so queer as the world of airline ticketing.
There's nowt so queer as the world of airline ticketing.
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Equally the LoCo's have shifted their business model more towards the traditional carrier's style; hence we are talking about reserved seating, premium this & that, flexi tickets etc. etc.
The low-cost carriers have not changed their business models. EasyJet and Ryanair are just trying to grasp a greater proportion of the market through offering services that will attract more business passengers or families etc. Rolling out some of the services that traditional flag carriers have adopted for years is their way of doing that.
To say low cost carriers have shifted their "business" model more towards traditional flag carriers is not true. Fundamentally their model hasn't changed. As EasyJet for example said countless times when rolling out allocated seating, if they couldn't achieve quick turnaround times or high asset utilisation which drives their low-cost model (very unlike flag carriers), then they would have scrapped the idea completely.
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Ryanair launches business class
According to MSN:
'The low cost airline, Ryanair, has launched a business class service in a move to overhaul its flailing reputation for low customer experience and satisfaction.'
and that:
'Chief executive Michael O’Leary took responsibility for the airline’s perceived ‘abrupt culture’ at last year’s annual meeting and later admitted that the budget airline’s rival, EasyJet, ‘wiped the floor with us’ following their own customer service improvements and introduction of allocated seating.'
Does this fit the 'low cost' model, or are we entering new territory - as Norwegian Air Shuttle seem to be with their B787 long haul services?
'The low cost airline, Ryanair, has launched a business class service in a move to overhaul its flailing reputation for low customer experience and satisfaction.'
and that:
'Chief executive Michael O’Leary took responsibility for the airline’s perceived ‘abrupt culture’ at last year’s annual meeting and later admitted that the budget airline’s rival, EasyJet, ‘wiped the floor with us’ following their own customer service improvements and introduction of allocated seating.'
Does this fit the 'low cost' model, or are we entering new territory - as Norwegian Air Shuttle seem to be with their B787 long haul services?