Yes, the results. I'm looking forward to hearing what tripe O'Leary has to say.
So much of Ryanair's income is due to the £ Sterling. Crucially, however, they report their earnings in Euro. Back in the hay-day of 2001, 02, 03 and 04 when they were making €250m - €450m Net, the exchange rate was 66p to the Euro. Ryanair easily 'increased' their wealth as a result. The last 3 months of 2008 were horrendous for Ryanair with the Pound hitting nearly 97p to the Euro.
It's now effectively steady at 92p.
When a sandwich was sold on-board for £5 (or whatever) that made them €7.50. Now they only earn €5.50. Big drop.
Same goes for their cut on Hertz Car Rentals, wheelchair levy
, etc.
I'm glad more and more people are starting to see what the takeover was about.
Lumping Aer Lingus with Boeings, charging them the 'market price' for them and O'Leary saving his bacon once again.
And yes, Gold Rivet, Rubik101 is a Ryanair pilot. Think you may've touched a nerve
