Ryanair - 6
Join Date: Aug 2006
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That's why pax should be forced to abide the rules while entering the post-security zone. If bringing just one bag in compliance with the regulations, one "tax-free" bag on top of that shouldn't make a difference. I'm just deliberating where from the airports will get their income from now on...
Suppose that an airport is served by 2 airlines with different rules on hand luggage allowances. Perhaps one allows a laptop to be taken in addition to the 1 piece of baggage for those flying in C / J class rather than Y class, or maybe there are greater weight allowances for that 1 item.
Suppose also that both airlines allow passengers to checking online and print boarding passes at home.
We can expect the security screening staff employed by the airport to implement rules set by Govt, but is it really their job (when employed by the airport) to enforce varying rules by the airlines as well ?
Now suppose that the same airport is served by 20 airlines, each with their own rules. What do the security staff do then ?
Suppose also that both airlines allow passengers to checking online and print boarding passes at home.
We can expect the security screening staff employed by the airport to implement rules set by Govt, but is it really their job (when employed by the airport) to enforce varying rules by the airlines as well ?
Now suppose that the same airport is served by 20 airlines, each with their own rules. What do the security staff do then ?
Join Date: Mar 2003
Location: .where ever I lay my hat ..is my home.
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This is a non- runner ...airports will NOT accept this new Ryanair rule. Ryanair 'charges' are propped up by this ancillary income either derived directly by selling the Duty Free themselves or from the franchise income of the shops airside. Airports will stand by deals made with Ryanair whether good or bad in hindsight BUT this will not be tolerated. This hits directly at the airports bottom line....and the Airports will quickly pull Ryanair up on same and make them think twice.
Join Date: May 2005
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Seems they took a bit of a hit on the fuel costs.
I'm not an expert on Irish or IASB / FRS accounting standards so if anyone out there is more familiar, please do correct any of my monumental errors.
Did Ryanair hedge jet fuel for Oct-Dec of 2008 significantly forward, or were they paying largely spot prices ?
If they were purchasing forwards / futures, accounting standards presumably recognise these derivatives as being for the purpose of hedging / mitigating business risk. As such, how much flexibility does the company have in choosing whether to recognise earlier than necessary any losses on a mark-to-market basis, or can any changes in value be recognised only in the period to which they apply as hedges ? Or, to put it another way, do Ryanair have the possibility of the 'big bath' by taking one really painful quarter while everyone else is hurting, so as to make themselves look good later on ?
In addition, does anyone have historical data showing some sort of average price of jet fuel for Oct-Dec 2007 against Oct-Dec 2008 ?
I'm not an expert on Irish or IASB / FRS accounting standards so if anyone out there is more familiar, please do correct any of my monumental errors.
Did Ryanair hedge jet fuel for Oct-Dec of 2008 significantly forward, or were they paying largely spot prices ?
If they were purchasing forwards / futures, accounting standards presumably recognise these derivatives as being for the purpose of hedging / mitigating business risk. As such, how much flexibility does the company have in choosing whether to recognise earlier than necessary any losses on a mark-to-market basis, or can any changes in value be recognised only in the period to which they apply as hedges ? Or, to put it another way, do Ryanair have the possibility of the 'big bath' by taking one really painful quarter while everyone else is hurting, so as to make themselves look good later on ?
In addition, does anyone have historical data showing some sort of average price of jet fuel for Oct-Dec 2007 against Oct-Dec 2008 ?
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The Beast of Girona
The BoG wasn't on duty last week, certainly at lunchtimes, and the fair sex were being allowed to carry a handbag as well as a carry-on bag. In fact the op. at GRN was as smooth as it ever is, including the friendly security staff.
Join Date: Jul 2006
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I'm not an expert on Irish or IASB / FRS accounting standards so if anyone out there is more familiar, please do correct any of my monumental errors.
Join Date: Aug 2004
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One year ago Ryanair reported that it had sold 5 planes for 26.5 million euros each. Today Ryanair reported selling 8 planes for 21.2 millions euros each. This imples the 2nd hand value has dropped over 5 million euros per plane. Ryanair has loads of new planes on order and has to sell a dozen at least each year. I cannot remember how many of the planes it owns but we are looking at 100s millions of euros in lost value.
Ryanair are to cut more flights at Dublin and Shannon according to MOL. Planes that it take after the summer will have to wait till spring 2010 before they are needed. Ryanair are heading for big problems.
Ryanair are to cut more flights at Dublin and Shannon according to MOL. Planes that it take after the summer will have to wait till spring 2010 before they are needed. Ryanair are heading for big problems.
Join Date: Jul 2006
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This imples the 2nd hand value has dropped
So yes, with the exchange rate, Ryanair are getting less euros for their sold planes, but they are also paying less euros for their delivered planes.
Join Date: Jan 2005
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I thought Poland was a core operation for FR?
"Ryanair will suspend its services to a number of popular destinations in Poland from March 2009.
That is according to the Polish Press Agency, which reported that the budget airline will halt flights to Gdansk, Katowice, Lodz, Poznan, Szczecin and Wroclaw.
This will affect connectivity to the eastern European country from Bristol Airport, Liverpool Airport, East Midlands Airport, Birmingham Airport, London Luton Airport and Bournemouth Airport. Daniel de Carvalho, Ryanair spokesman, suggested that this decision was made on the basis of increased fares placed on the aviation industry by the Polish government.
He told the press agency: "These connections will not be available in the summer due to an increase in Polish navigational fairs introduced in 2008. Ryanair is unable to accept these costs and continue to offer the lowest prices."
Poland's largest carrier is LOT Polish Airlines, which carries the country's flag and is responsible for more than 50 routes across Europe."
"Ryanair will suspend its services to a number of popular destinations in Poland from March 2009.
That is according to the Polish Press Agency, which reported that the budget airline will halt flights to Gdansk, Katowice, Lodz, Poznan, Szczecin and Wroclaw.
This will affect connectivity to the eastern European country from Bristol Airport, Liverpool Airport, East Midlands Airport, Birmingham Airport, London Luton Airport and Bournemouth Airport. Daniel de Carvalho, Ryanair spokesman, suggested that this decision was made on the basis of increased fares placed on the aviation industry by the Polish government.
He told the press agency: "These connections will not be available in the summer due to an increase in Polish navigational fairs introduced in 2008. Ryanair is unable to accept these costs and continue to offer the lowest prices."
Poland's largest carrier is LOT Polish Airlines, which carries the country's flag and is responsible for more than 50 routes across Europe."
It's possible that I'm being rather cynical, but this is meant as a serious question...
During 2009 as Boeing build the new 738 airframes previously ordered by Ryanair, will they be delivered to Dublin for revenue service, or are they more likely to go straight to a storage facility (e.g. Mojave) ?
During 2009 as Boeing build the new 738 airframes previously ordered by Ryanair, will they be delivered to Dublin for revenue service, or are they more likely to go straight to a storage facility (e.g. Mojave) ?
Join Date: Nov 2000
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pabely, note that KRK is not on the list. KRK is a popular destination for UK travellers, whereas the others are more relevant to Polish nationals.
The cost to the economies around the airports will be enormous: as will the cost of travel for Poles around Europe.
I expect the services to and from SXF will increase as the west of Poland uses that gateway, as will PRG, BTS and maybe even BUD to compensate.
The cost to the economies around the airports will be enormous: as will the cost of travel for Poles around Europe.
I expect the services to and from SXF will increase as the west of Poland uses that gateway, as will PRG, BTS and maybe even BUD to compensate.
Join Date: Aug 2006
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the budget airline will halt flights to Gdansk, Katowice, Lodz, Poznan, Szczecin and Wroclaw
The routes involved are:
to Gdansk (2 out of 7)
- from Bristol
- from Liverpool
to Katowice (1 out of 6)
- from Bristol
to Lodz (3 out of 5)
- from Liverpool
- from Shannon (still in talks)
- from EMA
to Poznan (1 out of 8)
- from EMA
to Szczecin (4 out of 6)
- from Bristol
- from Birmingham
- from Liverpool
- from Luton
to Wroclaw (1 out of 15)
- from Bournemouth.
No reductions in KRK, RZE, BZG.
- from Bristol
- from Liverpool
to Katowice (1 out of 6)
- from Bristol
to Lodz (3 out of 5)
- from Liverpool
- from Shannon (still in talks)
- from EMA
to Poznan (1 out of 8)
- from EMA
to Szczecin (4 out of 6)
- from Bristol
- from Birmingham
- from Liverpool
- from Luton
to Wroclaw (1 out of 15)
- from Bournemouth.
Join Date: Dec 1999
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I think this has more to do with the euro/dollar exchange rate than the supply/demand for aircraft.
So yes, with the exchange rate, Ryanair are getting less euros for their sold planes, but they are also paying less euros for their delivered planes.
So yes, with the exchange rate, Ryanair are getting less euros for their sold planes, but they are also paying less euros for their delivered planes.
(a) I believe they are hedged for the new purchases, so x-rate movements won't affect them for the cost
(b) Ryanair is a big arbitrage trader on aircraft prices - the missing €40m from 2008 to 2009 prices is a big hit (for which the employees will ultimately pay)...
Join Date: Jan 2000
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Couple of questions:
How many more approx airports are there in europe that FR could operate from?
What happens to FR when they no longer have the option of 'do it our way or we pull out'?
Airport fees will ultimatly go up, this is something that FR will have to eventually account for.
Who outside of MOL and managment are the biggest shareholders of FR stock and can they influence board decisions at all?
How many more approx airports are there in europe that FR could operate from?
What happens to FR when they no longer have the option of 'do it our way or we pull out'?
Airport fees will ultimatly go up, this is something that FR will have to eventually account for.
Who outside of MOL and managment are the biggest shareholders of FR stock and can they influence board decisions at all?
Join Date: Jul 2006
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Quote:
It doesn't have any of its own Accounting standards.
Yes it does.
It doesn't have any of its own Accounting standards.
Yes it does.
But anyway the main point is Ryanair, like all Irish companies now prepare accounts under IASs, meaning the way they treat fuel hedges in their accounts is the same as the way British Airways, Air France, Lufthansa etc. would treat them i.e. according to the way set down by the International Accounting Standards Board.
Join Date: Jul 2006
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How many more approx airports are there in europe that FR could operate from?
The dramatic cuts in flights and capacity by many of Europe’s flag carriers has created traffic collapses at many of Europe’s larger airports. This is creating enormous opportunities for Ryanair, as these airports compete to reduce charges in order to attract Ryanair’s growth and to develop low cost facilities to take advantage of Ryanair’s quick turnarounds and our improved web check-in facilities. This movement towards lower cost, more efficient airports in Europe is welcome, even if it is 20 years too late.