Ryanair - 6
Join Date: Apr 2000
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When MOL mouths off you have to consider what is he really looking for.
Boeing workers back - lots of unwanted airplanes on the way to Micko, soon. He still has several parked up whilst publicly saying the delay in opening the EDi base is due to lack of aircraft!!! Mmm - one wonders.
He's still trying to convert orders for 737s into long haul aircraft - at least there is a demand for them, unlike the 737 market which is flooded with the outfits going under recently.
He's facing one hell of a crisis with so many orders due for delivery over the next 18 months with an economic recession in Europe imminent. His options for sale /lease or disposal of these excess aircraft are diminishing rapidly, and with such a highly geared balance sheet it won't be long before they do serious damage to profits. Unlike most airlines, he has no opt out clauses in the near future.
Boeing workers back - lots of unwanted airplanes on the way to Micko, soon. He still has several parked up whilst publicly saying the delay in opening the EDi base is due to lack of aircraft!!! Mmm - one wonders.
He's still trying to convert orders for 737s into long haul aircraft - at least there is a demand for them, unlike the 737 market which is flooded with the outfits going under recently.
He's facing one hell of a crisis with so many orders due for delivery over the next 18 months with an economic recession in Europe imminent. His options for sale /lease or disposal of these excess aircraft are diminishing rapidly, and with such a highly geared balance sheet it won't be long before they do serious damage to profits. Unlike most airlines, he has no opt out clauses in the near future.
Thread Starter
Join Date: Nov 2006
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FR transatlantic
MOL whether he gets into Transatlantic flying or not, will put a big story and lots of spin into the mix to put the wind up on the big airlines and also to dampen investor confidence on the airlines who rely on long haul flying.
Apart from that he will want to inflict more pain on Aer Lingus by going into the the Ireland/US market.
I would doubt that an A380 or a 747 would be used, I couldnt see that anything other than a twin engined jet would be used, perhaps 777?
Apart from that despite the order books being full for the 787, are there any signs that there will be cancellations in the current climate?
EI-BUD
Apart from that he will want to inflict more pain on Aer Lingus by going into the the Ireland/US market.
I would doubt that an A380 or a 747 would be used, I couldnt see that anything other than a twin engined jet would be used, perhaps 777?
Apart from that despite the order books being full for the 787, are there any signs that there will be cancellations in the current climate?
EI-BUD
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He won't want any second hand cast offs. I hink he will start with 800's
Once things look like they are working, change some 800 orders for 900er's. Then when things are realy working he may look for a good deal on "new" larger airframes.
Once things look like they are working, change some 800 orders for 900er's. Then when things are realy working he may look for a good deal on "new" larger airframes.
Join Date: Jul 2006
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We will just have to wait until tomorrow I guess 
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I hope the announcement is more than "soon we hope" or "we plan to"
I will be very happy if we hear routes and dates
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I cant see it happening before the end of 2009
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.I hope the announcement is more than "soon we hope" or "we plan to"
I will be very happy if we hear routes and dates
.I cant see it happening before the end of 2009
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Last edited by daz211; 2nd Nov 2008 at 20:50.
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can't see this working at all, or more likely it's just more spin from MOL to try and disguise the fact that his balance sheet is far from healthy and in reality his company is in big big trouble.
An earlier post mentioned 'connections'. FR don't do 'connections' they have flights coming into the same airport yes, but they don't connect - that implies baggage checked through, compensation for flights missed by delays etc etc - FR ain't gonna do that anytime soon. sure you could fly from loads of places to STN, then STN to whearever but if you miss teh flight - even due to FR delays then you are out of pocket and are stranded. Can't see many business class pax going for that one.
Also business class which "will be very expensive" according to MOL is all about service - its not just a big seat, and FR don't do service. MOL treats his customers like ****, and says so. Can't see anyone stumping up "very expensive" for a flight to new york, just to be treated like **** and left exposed when the flight is delayed, and without those business class pax the 8 pound seat ain't gonna happen.
An earlier post mentioned 'connections'. FR don't do 'connections' they have flights coming into the same airport yes, but they don't connect - that implies baggage checked through, compensation for flights missed by delays etc etc - FR ain't gonna do that anytime soon. sure you could fly from loads of places to STN, then STN to whearever but if you miss teh flight - even due to FR delays then you are out of pocket and are stranded. Can't see many business class pax going for that one.
Also business class which "will be very expensive" according to MOL is all about service - its not just a big seat, and FR don't do service. MOL treats his customers like ****, and says so. Can't see anyone stumping up "very expensive" for a flight to new york, just to be treated like **** and left exposed when the flight is delayed, and without those business class pax the 8 pound seat ain't gonna happen.
Join Date: Feb 2006
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MOL states on TV this morning Ryanair will double in size and pilots only have a secure future with them!! Five new airline collapses forcast but nothing about drop in profits or loss expected next term.
Join Date: Jun 2000
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More punters double 'em to 100 million ...thats alright then...dont worry about the yeild chase the volume, isnt that what all those clever bankers were doing OliWW ?
Cheap fares, crap service, sexy custard cream chuckers..its the future.
I think the Md's of those so called "crappy competitors" are having a wry smile at his 47% drop in profits this morning......... and as for the pilots whose futures are safe on their unpaid leave, they must be laughing all the way into their cornflakes. let them eat cake
Cheap fares, crap service, sexy custard cream chuckers..its the future.
I think the Md's of those so called "crappy competitors" are having a wry smile at his 47% drop in profits this morning......... and as for the pilots whose futures are safe on their unpaid leave, they must be laughing all the way into their cornflakes. let them eat cake
Join Date: May 2008
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Nice to see an Irish company doing well in the current circumstances. Profits of €215 Million for the first half of 2008 are not to be sneezed at. Fair play to Ryanair for cheering up the ISEQ today a little.
The way a lot of foreign commentators and media are talking you would think they had made a huge loss.
The way a lot of foreign commentators and media are talking you would think they had made a huge loss.
Keeping Danny in Sandwiches
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Ryanair used to publish their accounts on the internet, they now only produce a news release with no record of sale and leasebacks so the accounts are getting increasingly opaque
It did however include
It did however include
Half Year September 2008, excludes exceptional costs of i) Accelerated Depreciation of €25.7m on 15 aircraft to be disposed in financial years 2008/09 and 2009/10 and, ii) a €93.6m write down of our stake in Aer Lingus.
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Well a 47% drop in profit, is better than some of ryanair's competitors who have seen a similar percentage rise in LOSSES!
"We will continue to respond with lower fares and aggressive price promotions to keep Europe flying and to maintain our market leading load factors.
"Although we have limited visibility, we now believe that average fares in the second half will fall by between 15pc and 20pc, leading to losses in the 3rd and 4th quarters".
MOL continues to consider solely low costs and low prices as the single possible marketing tool (flavouring them with some wrangles and theatrical gestures of his own), as if nothing but these cheap fares were a viable measure of success. It's a good tool, but it cannot remain the only method to build upon all the future development of any enterprise. The guy is in some way "locked" into such style of thinking and I feel sorry for him, it just looks like he simply could not get over it. I can see no reason for him to remain so puristic in using this one weapon only, neglecting everything else. Want to keep prices low? Do it across your website, but use other sales channels as well. Start getting more pax from the legacy airlines, from amongst people who do not necessary search just for the cheapest fares. Sell them much higher priced flights via Amadeus or anything else. There are thousands of potential customers that could use some routes if they knew about their very existence and found them useful but do not have time to visit ryanair.com. Improve your general image and brand, be more friendly, it pays. Reorganize your schedules a bit and introduce some (why not pricey) connecting flights, sell other products - like more expensive but flexible group tickets. Facilitate the day trips by improving same day returns, do something different to this old one-sided policy. Think broader, use the potential you already have, ugh!
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that's true
they don't know too much about marketing. Advertising in black and white in some newspapers and the stunts of MOL is not good enough to attract another type of pax's only those, who pay actually 1 cent for the ticket, traveling only with hand luggage and didn't buy anything on board. Most of the people are smart, and many of them getting smarter not to check in any bags, avoid the inflight menu and not buying duty free on board. They can carry hundreds of millions of people every year, but the company won't make more money. The pax buy food at the airport (bottle of water outside UK and IRE is only 80 euro cent comparing the 3 euros on board, sandwiches the same story: 3 euros at the airport, on board 6 euros), so after they board the aircraft they start to unpack their food, water etc. There are many almost fully booked flights that the crew sells drinks and food only for 20 euro. Would love to see some changes.