PPRuNe Forums - View Single Post - Growing Evidence That The Upturn Is Upon Us
Old 4th Nov 2008, 16:53
  #1145 (permalink)  
Re-Heat
 
Join Date: Dec 1999
Location: UK
Posts: 1,608
Likes: 0
Received 0 Likes on 0 Posts
Load factors and revenue are irrelevant - costs and cashflow are king.

Their own headline on their results was "Ryanair Half Year Profit Falls 47% To €215m" - the margin fell from 26% to 12%, and p9 of the presentation states "pay freeze and redundancies implemented".

There's nothing like a taking choice phrases from an investor presentation now, is there, Alex?


The reality is that Ryanair are strong, will probably continue to grow, and you may have a chance to get experience there. However, they are a business, not a charity, and you enter that business with full awareness of how they run their operations.
Re-Heat is offline