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Old 10th Sep 2009, 11:43
  #52 (permalink)  
The Flying Cokeman
 
Join Date: Dec 2005
Location: EU
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Davidc8,

I hear what you are saying about the management and I'm not impressed either. About the fuelhedging, they messed up which cost the company £90 mil but that has happened to other companies too. At the worst EZY was paying £115 per barrel where as Ryanair didn't hedge at all and paid up to £147.60 a barrel. Ultimately that made Ryanair come out with a loss for the year where as we are still coming out with a small profit.

Regarding EMA I feel too for the affected crews and have a good friend based there too. Never the less it's been on the cards for years and fact is that EMA's yearly traffic has fallen by 20% for the first half of 2009 being one of the hardest hit UK airport so far. So I understand why they want to pull out and make more money elsewhere. I don't agree on the way they treat affected crews but I certainly understand why they want to pull out.
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