Ryanair - 6
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befree, The easyjet plan is not one that the board wanted to take. It is purley the wish of stelios that they go down this route. the rest of the board seemed to want to follow the Ryanair plan. Only time will tell who was right!
Join Date: Aug 2004
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stelios knows what to do.
Ryanair lacks a shareholder like stelios who cares about longer term goals instead of short term growth. MOL is going to exit at some point but seems still mad on growth. This means doing things that are not profitable or in the interests of the shareholder long term prospects. Just look at RBS for how a one "great leader" can become public vilan over a few months.
Easyjet are clearly trying to be a profitabe airline while ryanair are trying to be as big as possible. Ryanair have another 150 planes on the way that need paying for. I could have a major cash flow problem in 2 years time and be gone in 4.
Easyjet are clearly trying to be a profitabe airline while ryanair are trying to be as big as possible. Ryanair have another 150 planes on the way that need paying for. I could have a major cash flow problem in 2 years time and be gone in 4.
Join Date: Oct 2007
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befree
Yeah lets ALL hope that Ryanair is 'gone in 4' as you
have written,then we'll not have to put up with
them carrying 50m+ dumbhead passengers !! Just
think of all the crews who can 'get a proper job' or
even spend sometime on the dole to bring them
down a peg!
What a great 'British' tradition you are spouting -
keep up the good work!
MM
Yeah lets ALL hope that Ryanair is 'gone in 4' as you
have written,then we'll not have to put up with
them carrying 50m+ dumbhead passengers !! Just
think of all the crews who can 'get a proper job' or
even spend sometime on the dole to bring them
down a peg!
What a great 'British' tradition you are spouting -
keep up the good work!
MM
Join Date: Aug 2007
Location: Dublin
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Entrepreneur don't like sameness, it bores them when things stay the same. They get invigorated by a challenge and I think we'd all agree we are in challenging times.
A family of 5 from Dublin to Birmingham for EUR40 return! I kid you not! It certainly makes that bottle of DOM a hell of a lot cheaper. Cheers Leo
A family of 5 from Dublin to Birmingham for EUR40 return! I kid you not! It certainly makes that bottle of DOM a hell of a lot cheaper. Cheers Leo
Join Date: Aug 2002
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The views on here just keep going round and round. Yes Ryanair can fly you for almost no money. Yes they allow lots more people to fly, yes I do fly with them.
I think the problem is that they are led by a man who has frankly behaved appalingly. You can be an entrepaneurs like Stelios, Branson or Laker without having quite so many people hate you.
I like hubris. MOL knows whats coming. He's overstayed his welcome and he IS the story and by God he's looking old. His mature markets ( DUB and the UK ) which used to drive revenue are stagnant so he has to get into new ones. Hence the drive east and from the UK into the old IT market. Will it make money? Maybe. In the deepest recession in modern history? That would be an achievement.... With so many new B737s on order and the resale market flat?
I'm going to say no.
Hubris. Google it. Go on.
I think the problem is that they are led by a man who has frankly behaved appalingly. You can be an entrepaneurs like Stelios, Branson or Laker without having quite so many people hate you.
I like hubris. MOL knows whats coming. He's overstayed his welcome and he IS the story and by God he's looking old. His mature markets ( DUB and the UK ) which used to drive revenue are stagnant so he has to get into new ones. Hence the drive east and from the UK into the old IT market. Will it make money? Maybe. In the deepest recession in modern history? That would be an achievement.... With so many new B737s on order and the resale market flat?
I'm going to say no.
Hubris. Google it. Go on.
Ryanair lacks a shareholder like stelios who cares about longer term goals instead of short term growth. MOL is going to exit at some point but seems still mad on growth. This means doing things that are not profitable or in the interests of the shareholder long term prospects. Just look at RBS for how a one "great leader" can become public vilan over a few months.
Easyjet are clearly trying to be a profitabe airline while ryanair are trying to be as big as possible. Ryanair have another 150 planes on the way that need paying for. I could have a major cash flow problem in 2 years time and be gone in 4.
Easyjet are clearly trying to be a profitabe airline while ryanair are trying to be as big as possible. Ryanair have another 150 planes on the way that need paying for. I could have a major cash flow problem in 2 years time and be gone in 4.
A serial entrepreneur who has such great successes as Easy Cinema, Easy Car Hire, Easy Pizza, Eazy Internet Cafe, Easy Hotel, Eazy Cruise and has lost millions doing it for him and his investors. This despite having the family millions supporting him.
He bullied the board last year in an attempt to force them into starting to pay dividends and reduce growth while at the same time threatening that unless he got his way he would use his shareholding to get himself reappointed as chief exec.
Pretty much the easiest way to force investors to dump your shares is to start down this route. RB did this which is why the investors walked away from Virgin.
Join Date: Oct 2006
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I could have a major cash flow problem in 2 years time and be gone in 4.
And who would there be to express all that Ryanair bitterness?!
Keeping Danny in Sandwiches
Join Date: May 1999
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A core part of the Ryanair business model is to buy aircraft at a discount from Boeing and sell them immediately then lease them back or after 4 or 5 years. If they don't keep expanding and selling the older aircraft it cuts off the profit centre.
The airline is both an airline and a leasing company in one shell. This was apparent in older accounts by the number of dry leased aircraft (that were presumably sold and leased back when new) that came onto their books as off balance sheet assets. These accounts are becoming more opaque to people like myself that are not accountants but take an interest in hunting the profit centre.
The airline is both an airline and a leasing company in one shell. This was apparent in older accounts by the number of dry leased aircraft (that were presumably sold and leased back when new) that came onto their books as off balance sheet assets. These accounts are becoming more opaque to people like myself that are not accountants but take an interest in hunting the profit centre.
Join Date: Aug 2004
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Is that not now Enron got in a mess?
Now I could not tell if anything like that could happen to an airline.
Accounts used to be simple as firms just owned assets and borrowed money.
You could tell if a firm was sound by looking at what it owed and if it could service the debt.
Ryanair must have about 180 planes either in use, parked or awaiting sale. It also has 150ish more comming. The value of each 2nd hand plane may have dropped a few million euros. That is at some point going to hurt the business model.
I am sure some of the pilots will get jobs after the meltdown as it is only the money that does not add up.
Now I could not tell if anything like that could happen to an airline.
Accounts used to be simple as firms just owned assets and borrowed money.
You could tell if a firm was sound by looking at what it owed and if it could service the debt.
Ryanair must have about 180 planes either in use, parked or awaiting sale. It also has 150ish more comming. The value of each 2nd hand plane may have dropped a few million euros. That is at some point going to hurt the business model.
I am sure some of the pilots will get jobs after the meltdown as it is only the money that does not add up.
A core part of the Ryanair business model is to buy aircraft at a discount from Boeing and sell them immediately then lease them back or after 4 or 5 years.
Nothing wrong with it as the details are well set out within Balance sheets.
As for getting rid of aircraft well Garuda seems to be picking up quite a few of these aircraft.
Remember if you buy a 737-800 for $22M, use it for 6 years and sell it for $10M then you really have a good deal.
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Rumours goes that MOL is sick with a bad disease i wish him all the best i hope its not true!
Join Date: Aug 2002
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racedo I agree with what you're saying ( Oh dear God (!) ) but I think my concern is the rate of churn expected within the Ryanair fleet over a short-ish period and a large number of frames. Time will tell.,
Join Date: Sep 2006
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Hero?
Do we have to like Freddy Laker, Stelios, Branson or MOL?
They may, or may not, have made successful businesses, but I wouldn't like to be in the same room as them. (English uncomfortableness against anybody 'successful' as you wonder how many people they've trod on on their ascent)
Sorry for being cynical.
They may, or may not, have made successful businesses, but I wouldn't like to be in the same room as them. (English uncomfortableness against anybody 'successful' as you wonder how many people they've trod on on their ascent)
Sorry for being cynical.
Skipness 
knew you'd come round from / to the dark side.
Think they already have sold most of the frames they need to sell over next 2 years....i.e. buyers lined up. Its why they wrote down value of aircraft in latest quarter results as prices already set.
11 new routes announced from Italy in last couple of days plus lots of aircraft out of lease in 18-24 months.
Airports want airlines at the moment who will grow routes and few airlines doing it so they will come calling. Boom time FR not welcome but when you are airport Chief Exec and it depends on SLF numbers and FR only one willing to grow them you swallow the pride and make the call........its why FR will end up with lots of slots at primary airports ready for an upswing.
BTW BA stated they are burning £3 m a day in cash and there were those who felt it wasn't important to have lots of free cash.
knew you'd come round from / to the dark side.Think they already have sold most of the frames they need to sell over next 2 years....i.e. buyers lined up. Its why they wrote down value of aircraft in latest quarter results as prices already set.
11 new routes announced from Italy in last couple of days plus lots of aircraft out of lease in 18-24 months.
Airports want airlines at the moment who will grow routes and few airlines doing it so they will come calling. Boom time FR not welcome but when you are airport Chief Exec and it depends on SLF numbers and FR only one willing to grow them you swallow the pride and make the call........its why FR will end up with lots of slots at primary airports ready for an upswing.
BTW BA stated they are burning £3 m a day in cash and there were those who felt it wasn't important to have lots of free cash.
Join Date: Feb 2005
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No, no. I'm not the next one to write about these p*** things, no matter how my nick might sound to the English-speakers. 
From Sweden (as informs thelocal.se)
Ryanair has plans to compete for routes on the ground in Sweden, according to the head of the Flygbussarna coach service.
In the latest edition of a transit industry newsletter, the head of Flygbussarna Airport Coaches, Mikael Bergkvist, writes that the Ireland-based low fare airline has inked a contract with a small bus company in Sweden.
According to Bergkvist, Ryanair plans to use the buses to shuttle its passengers from Stockholm to the Skavsta and Västerås airports, the airline’s two destinations in the Stockholm area.
Ryanair flights make up a large percentage of the air traffic to Skavsta, which is located about 100 kilometres south of Stockholm near the town of Nyköping.
So far, Flygbussarna has been the only bus company serving the airport, but Bergkvist is confident his company can handle the competition.
“We serve the entire airport and all the airlines and drive to Norrköping, Linköping, Örebro and the Stockholm suburbs, as well,” he said.
In Västerås, about 100 kilometres west of Stockholm, there are already several bus companies which fly passengers to Uppsala and Arlanda, among other places.
Attempts by the TT news agency to reach Ryanair were unsuccessful.
From Sweden (as informs thelocal.se)
Ryanair has plans to compete for routes on the ground in Sweden, according to the head of the Flygbussarna coach service.
In the latest edition of a transit industry newsletter, the head of Flygbussarna Airport Coaches, Mikael Bergkvist, writes that the Ireland-based low fare airline has inked a contract with a small bus company in Sweden.
According to Bergkvist, Ryanair plans to use the buses to shuttle its passengers from Stockholm to the Skavsta and Västerås airports, the airline’s two destinations in the Stockholm area.
Ryanair flights make up a large percentage of the air traffic to Skavsta, which is located about 100 kilometres south of Stockholm near the town of Nyköping.
So far, Flygbussarna has been the only bus company serving the airport, but Bergkvist is confident his company can handle the competition.
“We serve the entire airport and all the airlines and drive to Norrköping, Linköping, Örebro and the Stockholm suburbs, as well,” he said.
In Västerås, about 100 kilometres west of Stockholm, there are already several bus companies which fly passengers to Uppsala and Arlanda, among other places.
Attempts by the TT news agency to reach Ryanair were unsuccessful.
Join Date: Jan 2004
Location: Països Catalans
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ryanair BCN?
Yesterdays evening news on TV3, the main catalan station, led with a story about Ryanair being in negotiation with El Prat about opening a base there. Anyone heard anything about this?
Montilla es felicita perquè Ryanair vulgui establir una base permanent a l'aeroport del Prat
Could be an example of Ryan choosing their moment to pressure the airport on costs, new terminal about to open and all.
Montilla es felicita perquè Ryanair vulgui establir una base permanent a l'aeroport del Prat
Could be an example of Ryan choosing their moment to pressure the airport on costs, new terminal about to open and all.