Ryanair - 6
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ASFKAP
Its down to your interpretation of the document
in that a perceived risk is a real risk.I see it as a
risk assessment but not at this time risk
management which is what you seem to think it
is?
MM
Its down to your interpretation of the document
in that a perceived risk is a real risk.I see it as a
risk assessment but not at this time risk
management which is what you seem to think it
is?
MM
Join Date: Aug 2007
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Risk Assessment is all to do with (i) identifying the risks (ii) assessing the impact of the risk and (iii) assessing the liklihood of the risk. So when Ryanair submit their risk assessment, that are obliged to identify as a risk "what if all the customers go away?" - It doesn't mean that they think, for one moment, it will happen, it's just something that could happen.
Join Date: Oct 2007
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ASFKAP
You will never perhaps find that I am being logical and
consistant.Others may find that I have been so.
Please read sitgetan 5368 for clarification - once again
of my stance on this document.
MM
You will never perhaps find that I am being logical and
consistant.Others may find that I have been so.
Please read sitgetan 5368 for clarification - once again
of my stance on this document.
MM
Join Date: Oct 2006
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I've never seen Form 20F getting so much attention! Look I don't really know where this discussion regarding it is going. The document includes a risk assessment to Ryanair and the aviation industry in general - they are indeed 'perceived risks' which may or may not ever materialise.
For example, Ryanair has included a statement along the lines of 'if growth in passenger traffic and Ryanair's revenues do not keep pace with the planned expansion of its fleet, Ryanair could suffer from overcapacity' for the last 10 years or so. It's not something new, of course it's a risk, it always has been and will continue to be under their current strategy. It hasn't materialised to date but of course that doesn't mean this year isn't the year, particularly given the proposed reductions at Stansted. In their own words:
People who quote documents such as Form 20F without fully understanding them, if nothing else, just look silly. Using an assessment of risk as the only means to validate a personal opinion of what is happening right now is just not possible. Worse still, actually thinking that they are two of the same is just ridiculous.
For example, Ryanair has included a statement along the lines of 'if growth in passenger traffic and Ryanair's revenues do not keep pace with the planned expansion of its fleet, Ryanair could suffer from overcapacity' for the last 10 years or so. It's not something new, of course it's a risk, it always has been and will continue to be under their current strategy. It hasn't materialised to date but of course that doesn't mean this year isn't the year, particularly given the proposed reductions at Stansted. In their own words:
The decision to freeze the Company’s development in the U.K. and reduce flights to and from London (Stansted) presents numerous risks. In the past, the Company’s growth has been largely dependent on flights to or from the U.K. Such flights represented 28.6% of total flights in the 2009 fiscal year. A weak U.K. economy, along with the Company’s decision to freeze its U.K. bases, and reduce its London (Stansted) flights, may affect the overall growth of the Company.
Last edited by Based; 10th Aug 2009 at 15:39.
Join Date: Oct 2007
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ASFKAP
You will never perhaps find that I am being logical and
consistant.Others may find that I have been so.
Please read Based 5370 for clarification - once again
of my stance on this document.
MM
You will never perhaps find that I am being logical and
consistant.Others may find that I have been so.
Please read Based 5370 for clarification - once again
of my stance on this document.
MM
Join Date: Oct 2006
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Leeds confirmed as a base from March 2010, two based aircraft, 14 new routes.
New routes to:
New routes to:
Carcassonne
Malta
Faro
Montpellier
Ibiza
Murcia
Knock
Nantes
Krakow
Palma
Limoges
Pisa
Malaga
Venice Treviso
Malta
Faro
Montpellier
Ibiza
Murcia
Knock
Nantes
Krakow
Palma
Limoges
Pisa
Malaga
Venice Treviso
Join Date: Mar 2007
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This will SMASH Jet2's revenue on Jet2's key routes from LBA: FAO, PMI, AGP, MJV etc.
Is this a good move by the airport management?
Really? Will Ryanair AND Jet2 be able to live in harmony on these routes?
Is this a good move by the airport management?
Originally Posted by LBA CEO
build upon existing routes
Join Date: Aug 2004
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Both Jet2 and Ryanair will live in harmony at Leeds. At the moment well over 3m passengers from within the Leeds catchment area cross the Pennines to use services there. At last some choice from this side of the Pennines.
Join Date: Mar 2007
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Not good at all! It's not like MAN has more flights to these destinations than any other airport in the UK bar LGW is it?
The destinations are mostly already served from LBA and LPL so I doubt it will make much of a difference to MAN loads!
The destinations are mostly already served from LBA and LPL so I doubt it will make much of a difference to MAN loads!
Join Date: Apr 2008
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Ryanair --> Bradford base "create 1000 well paid jobs"
Can't see any other posts with this story via search so here goes:
Well paid by who's standards?
The Press Association: Ryanair announces base in Yorkshire
iX
Well paid by who's standards?
The Press Association: Ryanair announces base in Yorkshire
iX
Join Date: Dec 2001
Location: Leeds, UK
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great news, don't get the jobs numbers
this is great news for Leeds/Bradford, and I'm happy since I live 20 miles away and spent many summers there watching planes. I nearly had my head taken off by DanAir that was way too heavy and low for takeoff, plus I was stood on a cabinet of some kind at the fence.
But I don't get thousands of jobs created just because of 2 planes being based there! Also don't know what will happen to JET2, they might shift all their activity to Manchester?
G
But I don't get thousands of jobs created just because of 2 planes being based there! Also don't know what will happen to JET2, they might shift all their activity to Manchester?
G
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Don't think Jet2 need to be worried too much about Ryanair at LBA . Jet2 has a very loyal following there, even if Ryanair are going to pay people to go on their flights because that's probably what they'll have to do.
Sounds like desperation on Ryanair's part.
Sounds like desperation on Ryanair's part.
Join Date: Mar 2007
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Originally Posted by groundbum
this is great news for Leeds/Bradford
Originally Posted by groundbum
But I don't get thousands of jobs created just because of 2 planes being based there!
Originally Posted by groundbum
Also don't know what will happen to JET2, they might shift all their activity to Manchester?
Originally Posted by airbusdiva
Don't think Jet2 need to be worried too much about Ryanair at LBA.
Originally Posted by airbusdiva
Jet2 has a very loyal following there, even if Ryanair are going to pay people to go on their flights because that's probably what they'll have to do.
2. Ryanair never PAY people to fly with them but I think I understand where you are coming from in that they will charge less than it costs to actually operate. Here you are just telling the story of the foundations of Ryanair - most of their routes operate in the same way. They attract people by the name and extremely cheap INITIAL fares - then sting them with extras. Great business thinking on their part!
Originally Posted by airbusdiva
Sounds like desperation on Ryanair's part.
Ryanair? Desperation? I don't particularly like 'bigging up' Ryanair but I would hardly sat they are 'desperate.' LBA is another base for them to take over and reduce average fares massively. They have got to a stage now where they can go to airports such as LBA and demand what they want because they guarantee passengers - I think the last description of Ryanair would be 'desperate.'
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I think when you look at the mainline airports ryanair serve, their flights prices are very much in line with other locos, its only the likes of places you've never heard of these days that you see the really cheap flights,you only ned to look at the website at the list of places in the ongoing promotions , rarely do you see the popular destinations going really cheap.
I doubt very much Jet2 will lie down and roll over just cause Ryanair have turned up on their home ground...
I doubt very much Jet2 will lie down and roll over just cause Ryanair have turned up on their home ground...