For those thinking this summer is going to be such a train wreck you are sadly mistaken.
Most people arent that naive - things will get worse during the peak of the summer, but the wheels will most likely stay on the wagon, this time at least..
Did anyone read the piece in the Finanacial Times on May 23rd?? I quote from it below - pay attention to the last paragraph....
The airline will take delivery of 25 new aircraft over the coming months, bringing its total fleet to 292, but will not put them into service until the next summer schedule, starting in April 2012.
For the first time, the company will also ground up to 55 aircraft in its existing fleet to offset the high cost of fuel, cutting capacity as much as 5 per cent in the fiscal fourth quarter.
Michael O’Leary, chief executive, said the measure was necessary to “protect” the carrier’s profitability and would likely lead to some redundancies among pilots, cabin crew and engineers.
the usual blarney of course, but perhaps RYR really has peaked. Costs will certainly rise, competitiveness will probably decrease. RYR has served the greater good by forcing the legacy carriers to live in the real world and give people value for money, but nobody would seriously expect them to get away with it forever. if you have the hours, now is the time to jump ship.