Ryanair - 6
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Looks like there may be some credibility in the rumours of a new LBA base ...
Ryanair holds out hope of regional base
BUDGET airline Ryanair is in talks about establishing a base at Leeds Bradford International Airport, which could mean a significant increase in flights.
Currently Ryanair flies three routes from the airport but does not have jets based there.
Airline chief executive Michael O'Leary said despite rising fuel costs, he hoped for Ryanair to fly between 10 and 20 routes from Leeds Bradford if an agreement were signed with the airport.
Mr O'Leary said: "It depends on a low cost base at Leeds Bradford which would allow Ryanair to establish Leeds Bradford as a base here in the UK. At the moment we have 10 bases in the UK – Leeds Bradford isn't one.
"We are in talks with the airport but unless the airport is able to beat the kind of low-cost offers we have from six or seven other European airports, then it'll have to wait its turn.
"If they come up with a really imaginative package on costs and proposals then Leeds Bradford could well be one of Ryanair's next bases in the spring. That would mean an enormous surge in routes, traffic and jobs at Leeds Bradford."
Ryanair's 10 UK bases include London Stanstead, Luton, Glasgow, Edinburgh and Liverpool. Last month the airline announced new routes to Barcelona and Alicante from Leeds Bradford, starting in October. It already has twice-daily flights to Dublin from the airport. Mr O'Leary did not discuss where the new routes might fly.
Leeds Bradford's new private equity owner Bridgepoint Capital has pledged to invest £70m in the airport.
Commercial and aviation development director Tony Hallwood said: "We look forward to working with any airline who's interested in expanding at Leeds Bradford. We believe we offer a great, competitively priced service at Leeds.
"At present we are in discussions with a wide number of airlines and Ryanair are one of those. At the present time we are more concerned that the two new routes just announced are successful."
The Dublin-based airline yesterday reaffirmed its intention to offer low fares in the face of soaring fuel costs and launched a £5 per flight strategy for one million flights in September.
It added fares would fall by five per cent this winter, and again reiterated its intention not to charge a fuel surcharge "not today, tomorrow or ever".
Mr O'Leary insisted the airline could sustain low prices and undercut rivals for the foreseeable future. Passenger numbers were up 19 per cent in July, with the airline now flying about 28m passengers per year from the UK, whom Mr O'Leary said are being poached from airlines such as British Airways.
He said: "We can sustain this for a couple of years even with oil at $130 a barrel. It will not be pretty from a shareholder's point of view. If it means for a year or two we do not make any money, as one of our largest shareholders I'm happy to live with that."
Last month Ryanair reported adjusted net profit in the three months to the end of June at 21m euros, (£16.57m), well below analysts' forecasts. Revenue grew 12 per cent to 777m euros, compared with the 865.4m (£683m) expected by analysts.
Mr O'Leary admitted the airline has been "consistently wrong" with its hedging of oil prices in the past 12 months. "I regret not hedging at $70 per barrel," he said. Ryanair has hedged its 90 per cent of September fuel needs at $129 per barrel, 80 per cent for its third quarter at $124, but has not hedged for the fourth quarter as it expects prices to fall. Oil is currently about $120 per barrel.
Mr O'Leary said he is in talks with both Boeing and Airbus buying new aircraft beyond 2012.
Source: Yorkshire Post.
So what does anyone think? I dont think there have been any press releases like this about establishing a base a DSA,MME,HUY,NCL so maybe LBA will be Ryanair's Yorkshire 'ub?
Ryanair holds out hope of regional base
BUDGET airline Ryanair is in talks about establishing a base at Leeds Bradford International Airport, which could mean a significant increase in flights.
Currently Ryanair flies three routes from the airport but does not have jets based there.
Airline chief executive Michael O'Leary said despite rising fuel costs, he hoped for Ryanair to fly between 10 and 20 routes from Leeds Bradford if an agreement were signed with the airport.
Mr O'Leary said: "It depends on a low cost base at Leeds Bradford which would allow Ryanair to establish Leeds Bradford as a base here in the UK. At the moment we have 10 bases in the UK – Leeds Bradford isn't one.
"We are in talks with the airport but unless the airport is able to beat the kind of low-cost offers we have from six or seven other European airports, then it'll have to wait its turn.
"If they come up with a really imaginative package on costs and proposals then Leeds Bradford could well be one of Ryanair's next bases in the spring. That would mean an enormous surge in routes, traffic and jobs at Leeds Bradford."
Ryanair's 10 UK bases include London Stanstead, Luton, Glasgow, Edinburgh and Liverpool. Last month the airline announced new routes to Barcelona and Alicante from Leeds Bradford, starting in October. It already has twice-daily flights to Dublin from the airport. Mr O'Leary did not discuss where the new routes might fly.
Leeds Bradford's new private equity owner Bridgepoint Capital has pledged to invest £70m in the airport.
Commercial and aviation development director Tony Hallwood said: "We look forward to working with any airline who's interested in expanding at Leeds Bradford. We believe we offer a great, competitively priced service at Leeds.
"At present we are in discussions with a wide number of airlines and Ryanair are one of those. At the present time we are more concerned that the two new routes just announced are successful."
The Dublin-based airline yesterday reaffirmed its intention to offer low fares in the face of soaring fuel costs and launched a £5 per flight strategy for one million flights in September.
It added fares would fall by five per cent this winter, and again reiterated its intention not to charge a fuel surcharge "not today, tomorrow or ever".
Mr O'Leary insisted the airline could sustain low prices and undercut rivals for the foreseeable future. Passenger numbers were up 19 per cent in July, with the airline now flying about 28m passengers per year from the UK, whom Mr O'Leary said are being poached from airlines such as British Airways.
He said: "We can sustain this for a couple of years even with oil at $130 a barrel. It will not be pretty from a shareholder's point of view. If it means for a year or two we do not make any money, as one of our largest shareholders I'm happy to live with that."
Last month Ryanair reported adjusted net profit in the three months to the end of June at 21m euros, (£16.57m), well below analysts' forecasts. Revenue grew 12 per cent to 777m euros, compared with the 865.4m (£683m) expected by analysts.
Mr O'Leary admitted the airline has been "consistently wrong" with its hedging of oil prices in the past 12 months. "I regret not hedging at $70 per barrel," he said. Ryanair has hedged its 90 per cent of September fuel needs at $129 per barrel, 80 per cent for its third quarter at $124, but has not hedged for the fourth quarter as it expects prices to fall. Oil is currently about $120 per barrel.
Mr O'Leary said he is in talks with both Boeing and Airbus buying new aircraft beyond 2012.
Source: Yorkshire Post.
So what does anyone think? I dont think there have been any press releases like this about establishing a base a DSA,MME,HUY,NCL so maybe LBA will be Ryanair's Yorkshire 'ub?
Join Date: Jan 2007
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In that statement it said somewhere about Ryanair wanting organic growth, so not too much of a growth but enough I am taking from that comment, so the A320 can hold 180pax max, and they already have B738, so I would have thought they will end up with the B739 which have between 205-220 passengers
Join Date: Feb 2004
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If its 200 seats MOL wants then maybe these would be better than Boeing & Airbus...certainly would look nice with a plastic Yellow & Blue interior...and I bet there cheap !
Join Date: May 2005
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LBA
If LBA were to offer a low cost base as per MOL wishes,I think Jet2 might have something to say on this matter.
Can't see Ryanair opening a base at LBA,maybe introduce more routes with foreign based aircraft like the recently announced Alicante and Gerona.
Can't see Ryanair opening a base at LBA,maybe introduce more routes with foreign based aircraft like the recently announced Alicante and Gerona.
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maybe these would be better than Boeing & Airbus...
Never flown O Leary air - with his customer facing skills I don't think I will ever be tempted to either!
That's what many say. To be able to attract some additional customers there’s much more in it than just fares...
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Mr O Ceidigh went on to say that he was particularly offended when Mr O'Leary pretended to play the fiddle while he raised his concerns.
Join Date: Feb 2004
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I read in a statement from Ryanair today that O'Leary said that Gordon Brown was a greedy b
d ...
d ...
Join Date: Apr 2001
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Sorry I have to agree with O'Leary, Gordon Brown is greedy and needs to fund all the non elected government Quango's.
Remember any free publicity that brings an airline to the public's notice is good publicity and MOL is adept at doing this.
You may not like the guy or his methods BUT they work.
Remember any free publicity that brings an airline to the public's notice is good publicity and MOL is adept at doing this.
You may not like the guy or his methods BUT they work.
Join Date: Feb 2004
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Did I say Gordon Brown wasn't greedy ?
Do you think MOL isn't greedy ?
Well then, him calling anyone else greedy makes him a hypocrite, amongst many other unpleasant things...in fact I would HATE to be talked about in the way he universaly is...I do not see how creating so much bad blood & so many enemies can help you sleep at night...although for somebody so greedy the free publicity matters more. Rant over !
Do you think MOL isn't greedy ?
Well then, him calling anyone else greedy makes him a hypocrite, amongst many other unpleasant things...in fact I would HATE to be talked about in the way he universaly is...I do not see how creating so much bad blood & so many enemies can help you sleep at night...although for somebody so greedy the free publicity matters more. Rant over !
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Join Date: Nov 2006
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I read above that MOL is suppossed to have said that Gordon Brown is a Greedy so and so? Well it is amazing. MOL invested so much energy in trying to destroy Aer Arann starting with Dublin/Cork and then targeting Cork and Galway routes with similar ones from Shannon,so one would wonder who is greedy? A small Irish regional airline has been so far up his list of priorities, it's a pity he is not up for taking on Flybe.
Look at the Belfast/Glasgow and Belfast/London markets, Ryanair's arrival on the market has not really had any effect on Flybe's numbers in these markets. I am so sure now that Ryanair will avoid Flybe, and contrary to what I originally thought I now doubt that MOL will take on Flybe on MAN or BHX to Belfast City..
What does anyone else think?
EI-BUD
Look at the Belfast/Glasgow and Belfast/London markets, Ryanair's arrival on the market has not really had any effect on Flybe's numbers in these markets. I am so sure now that Ryanair will avoid Flybe, and contrary to what I originally thought I now doubt that MOL will take on Flybe on MAN or BHX to Belfast City..
What does anyone else think?
EI-BUD
Join Date: Aug 2006
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Who said MOL didn't have any weaknesses? I think it's one of his worst ones. Investing so much energy (and money) to play his very-small-and-meaningless games locally while wasting some opportunities (and not earning money) elsewhere. A kind of Achilles’ heel syndrome with poor and costly results.
Join Date: Jan 2006
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FR at BHD
EI-BUD
In respect of BHX-BHD they would be mad to challenge flybe with oil at
its present level as it would just be so costly. If it drops and when they
run out of viable routes from BHX they probably will turn their attention
to BHX-BHD. At present load factors are about 60-65%, which is still a little low I would have thought (although I have not checked fares recently) but the schedules have been trimmed a little this winter.
At present flybe has recovered its market share from BHX to Belfast
mainly due to baby's awful summer schedule timings. Obviously after
losing 2500 pax per each month baby have seen the error of their ways
(it was only scheduled that way originally for maximum aircraft utilization)and the winter schedule is better but I doubt if this will affect flybe too much.
Flybe seem to have steadied their BHX ship after the BACON takeover and I doubt that FR's new BHX-HHN and BHX-NRN will trouble their FRA and DUS routes respectively. They have dropped Brest for winter which had low load factors last time round and doubt that Ryanair Dinard has influenced this decision, well I hope not as FR are not operating this winter from BHX (keeping EMA though).
Pete
In respect of BHX-BHD they would be mad to challenge flybe with oil at
its present level as it would just be so costly. If it drops and when they
run out of viable routes from BHX they probably will turn their attention
to BHX-BHD. At present load factors are about 60-65%, which is still a little low I would have thought (although I have not checked fares recently) but the schedules have been trimmed a little this winter.
At present flybe has recovered its market share from BHX to Belfast
mainly due to baby's awful summer schedule timings. Obviously after
losing 2500 pax per each month baby have seen the error of their ways
(it was only scheduled that way originally for maximum aircraft utilization)and the winter schedule is better but I doubt if this will affect flybe too much.
Flybe seem to have steadied their BHX ship after the BACON takeover and I doubt that FR's new BHX-HHN and BHX-NRN will trouble their FRA and DUS routes respectively. They have dropped Brest for winter which had low load factors last time round and doubt that Ryanair Dinard has influenced this decision, well I hope not as FR are not operating this winter from BHX (keeping EMA though).
Pete
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Now the oil is at 113 $,
and Ryanair hedged fuel till the end of December at 129 $ and 124 $. They made a mistake...again. This fuel hedging "game" at the White House is very dangerous.
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RYR Oil Price.
At the end of the day No One Expected Oil to Drop By Over 30 Dollars a Barrell in the last 4 weeks Not Even the Analysts/Markets. I Bet theres a few other airlines that have bought at a far higher price!!
As per Oliww Above Remember This Goverment Takes a Hell of Alot of Revenue in GB Taxes.They have also Increased it since they have been in power. And Very Little Comes Back In to the Airline Industry its just Goes into the Goverments Pocket
.
As per Oliww Above Remember This Goverment Takes a Hell of Alot of Revenue in GB Taxes.They have also Increased it since they have been in power. And Very Little Comes Back In to the Airline Industry its just Goes into the Goverments Pocket
.
Last edited by NJTCF; 11th Aug 2008 at 21:35. Reason: Missed abit!!!
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Hedging
They made a mistake...again.
I suppose if they hadn't hedged and oil rose to $150 you'd be the same person to say "They should have hedged when oil was under $130. They made a mistake...again."
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Originally Posted by NJTCF
As per Oliww Above Remember This Goverment Takes a Hell of Alot of Revenue in GB Taxes.They have also Increased it since they have been in power. And Very Little Comes Back In to the Airline Industry its just Goes into the Goverments Pocket
These threads are not the place for blatant political point-scoring. It's boring.
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"Experts" say that oil drops to 100 Dollar/Barrell by the end of the year. And exchange rate Euro/Dollar goes also down to 1,40 or 1,30 from 1,50 now. The financial crisis in the US is nearly over and ressources like oil, gold, silver go down.
Wait until winter, hedge then and the next year is a better year for aviation.
Wait until winter, hedge then and the next year is a better year for aviation.
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Ryanair aims to increase gross profit to €900m by 2012.
Ryanair aims to increase pretax profit to €900m by 2012 : Stansted Airport News Stories
Ryanair aims to increase pretax profit to €900m by 2012 : Stansted Airport News Stories