Leo HC will no doubt be around soon to tell us how this will work towards FR's advantage
Very well then, if you insist.
It's worth a closer look at the IATA analysis.
With fuel costs rising, the US market in recession and competition intensifying, the only way to limit the damage to profitability will be to take out capacity or squeeze out further efficiency gains. Non-fuel unit costs have been slashed in recent years with gains in labour, aircraft and distribution efficiencies. Airlines already run lean operations so further efficiency improvements will be challenging, but nonetheless critical.
When the industry frees itself from the gathering recessive effects, Ryanair will be fitter, stronger and with fewer competitors than ever before. Here it is from the
horses mouth, if you prefer.
With 2 billion €uro in the bank, EPS up a quarter at 30 cent/share and a net margin of 21%, do you seriously think we have much to worry about? I don't. BA, though, well that's another matter.