Originally Posted by
davidjohnson6
The strike will cause a knock to profitability for sure. My understanding is that Ryanair is hardly a cash-poor company and even if it needed to borrow funds would have little difficulty finding a mainstream lender willing to provide cash
Of course it will but when it comes to Ryanair people are fickle and will be flying with them again once the price is right.
I think you'll find that the CAA does not agree with you, as regards EU261 not applying. The view is that the industrial action and consequent flight cancellations, are within Ryanair's control, and that EU 261 is therefore applicable .
Regardless of the compensation issue, the bad publicity surrounding Ryanair must be having a devastating affect on forward bookings, causing serious cash flow issues.
Don't see anyone getting worried about cash flow issues.
The way I see it, Ryanair will one way or another have to pay out for all the cancellations, it just takes one court case and any judge will see Ryanair for what they are. It’s just wrong what they are doing, Flying passengers out and cancelling the return with no seats for upto 5 days, no alternative flights on other airlines, no hotels, no help what so ever.
i know of a family who payed a lot of money to fly to Rome on bank holiday only to be told sorry your flight has been cancelled, go away, we can’t help, we have a flight in 5 days with 2 seats on but we can’t guarantee it will operate they had to spend £500 on flights with Easyjet from another airport then a taxi to Stansted for Gatwick at 0100 in the morning.
there were people in Rome with no money to even get a meal never mind a hotel or alternative flights. It’s just wrong.
If they fail to make arrangements you make them (reasonable) and submit receipts and you will get the money back.
People in Rome with no money is just poor money management on there behalf, how did they survive on there holiday in Rome or when they are going.