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Old 2nd June 2009 | 22:07
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Desk-pilot
 
Joined: Mar 2001
Posts: 317
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From: UK
LOCO results

Akrap,

Well, I think your post reflects your own lack of confidence in Ryan's loco financial stability rather than any endemic weakness in the flag carriers.

If you're referring to BA's recent loss I think you need to bear in mind they made £920 million profit in the previous financial year and £700m the year before that. They also have a turnover of £10bn which is 5x that of Ryan and remain one of the most powerful and desirable brands in the world, hardly something one could argue is the case for the celtic fledgling.

BA have also made a point of shedding quite a lot of staff in the past 2 years and are a much leaner, meaner and fitter beast than they were which is why they are so often undercutting the locos on price nowadays.

I believe it was Mr O'Leary who said he'd quit when he'd stuffed BA, Well I suspect he of small genitals but large ego will be in a plywood box long before then.

I trust the accountants and analysts were delighted with Ryan that having given guidance as recently as February that their profits would be in the £44m to £71m range Ryanair announces £90m loss - Business News, Business - The Independent they now hear this morning that the loss is in fact 169million for the year.

In short it seems Ryan lost a third as much as BA but on a fifth of the turnover and without the £2bn cash reserves. Not really looking too good is it Michael? Still don't worry old boy, you can always sell a couple of racehorses... Altrnatively and much more in character maybe you could just find another way to exploit your employees and customers.

Here's to another rotten year for a thoroughly rotten individual,

Desk-pilot
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