Do companies have 6 year plans?
I thought the norm is 5?
Current year plus 5 but then again so treat current year as year 1
What is Ryanairs 6 year plan?
What will he do with 180 additional aircraft?
Use them to replace many of the current aircraft on a rolling basis so ones about 5 years will go when new ones are coming on stream.
Carry in excess of 100 million passengers and compete against the 3 biggies within Europe.
He just blew 180M in increased fuel bills this last quarter due to his hedging mistake.
Many people have blown money on hedging and anybody who hedged at $100 a barrel is going to take a hit now oil could be at $25 a barrel within weeks. Given oil at that price what is profitability like !!!!!!