Hi folks,
There is something else in the accounts which is quite alarming. Last quarter profits were up a large amount. However nearly a quarter of this was from intrest from cash investments. This cash was raised to fund the future fleet expansion. It doesn't take an accountant to work out what will happen.
The plain fact is that Ryanairs yield is falling through the floor. To keep the load factors up the fares are dropping. When large carriers report this the city downgrades. For reasons like above Ryanair are getting away with it. But for how long?
Sold mine!!