Sdn Leader Weather,
BA have many more staff than Ryan because they do a lot more in house, like Engineering, Catering, Handling, Pax Services, Bond, Merchandise etc, which Ryan pay others to do for them. Therefore your comparison of no of staff vs no of pax does not work.
I have always been very warey of companies that expand too fast and I worry about easy. Ryan Air remained quite small for some time a built a firm foundation to expand on.
If we go into recession and interest rates go up, so do the loans that Stelios has taken out to fund his new aeroplanes. Higher costs and less people flying, does he have the reserves to weather the storm? BA can afford to lose money for a few years and stay in business and I think that Ryan could too.
[ 07 September 2001: Message edited by: autobrakemedium ]