PPRuNe Forums - View Single Post - Growing Evidence That The Upturn Is Upon Us
Old 7th Nov 2008, 07:43
  #1158 (permalink)  
Alex Whittingham
 
Join Date: May 1999
Location: Bristol, England
Age: 65
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Sorry, dublin_eire, I was trying to be ironic. I'm a great admirer of MOL's clarity of thought, even though he can be a bit of a maverick. If you look back on the forums, mostly R&N, his failure to hedge his fuel in the late summer, around the time the 'experts' were predicting $200 a barrel by Christmas, was widely mocked. Turns out he was right.

I can't see any evidence to suggest Ryanair's increasing traffic loads are at the expense of any other airline, if that's what you mean by 'somebody else's business', Spinnaker. Low Costs can't usually afford to compete on the same routes. Difficult to see your case for 'the dire mess that the rest of the industry is in' as well. The three major UK short haul airlines all seem to be doing well, particularly considering the economic battering our financial brethren have visited on the country. Granted, profits are down but Ryanair's €215m in 6 months is not to be sniffed at.
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