Ryanair - 6
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I quote from the Ryanair News section (at 19:30 on 31/01/2008)....
Ryanair’s lawyers will also make a similar offer to Ms Bruni, offering damages of €1 and a contribution of €5,000 to any charity of Mr Bruni’s choice. Ryanair will not however agree to any totally unjustified payment of €500,000 to Ms Bruni, who has engaged in an open, widely publicised and internationally reported relationship with President Sarkozy.
End quote
So what has this Mr Bruni got to do with it all? Is this an ex-husband, brother or father of Ms Bruni?
Maybe it's another "Ryanair Typo", just like leaving off the world "from" when they advertise their fares!
Anyway, €10,002.00 is hardly a large amount considering all the secondary publicity this has given Ryanair. I think a donation of nearer €50,000 would be nearer the mark (excluding "optional" legal fees, french VAT, taxes, etc).
Ryanair’s lawyers will also make a similar offer to Ms Bruni, offering damages of €1 and a contribution of €5,000 to any charity of Mr Bruni’s choice. Ryanair will not however agree to any totally unjustified payment of €500,000 to Ms Bruni, who has engaged in an open, widely publicised and internationally reported relationship with President Sarkozy.
End quote
So what has this Mr Bruni got to do with it all? Is this an ex-husband, brother or father of Ms Bruni?
Maybe it's another "Ryanair Typo", just like leaving off the world "from" when they advertise their fares!
Anyway, €10,002.00 is hardly a large amount considering all the secondary publicity this has given Ryanair. I think a donation of nearer €50,000 would be nearer the mark (excluding "optional" legal fees, french VAT, taxes, etc).
Join Date: Jul 2006
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Ryanair and Marmite
My daughter flew to Germany from Stansted yesterday with Ryanair.
Her hand luggage was searched at Stansted and a small jar of Marmite confiscated on the basis that it was a "liquid".
Anyone else consider Marmite to be a liquid? The jar I have shows the product to be a thick paste.
(For those outside the UK "Marmite" is a long-established vegetarian food spead made from yeast products.It is dark brown and very thick.)
When airline security confiscates something from a passenger, what happens to that confiscated item?
EGCA
Her hand luggage was searched at Stansted and a small jar of Marmite confiscated on the basis that it was a "liquid".
Anyone else consider Marmite to be a liquid? The jar I have shows the product to be a thick paste.
(For those outside the UK "Marmite" is a long-established vegetarian food spead made from yeast products.It is dark brown and very thick.)
When airline security confiscates something from a passenger, what happens to that confiscated item?
EGCA
Join Date: Apr 2005
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Ryanair and Marmite
--------------------------------------------------------------------------------
My daughter flew to Germany from Stansted yesterday with Ryanair.
Her hand luggage was searched at Stansted and a small jar of Marmite confiscated on the basis that it was a "liquid".
Anyone else consider Marmite to be a liquid? The jar I have shows the product to be a thick paste.
(For those outside the UK "Marmite" is a long-established vegetarian food spead made from yeast products.It is dark brown and very thick.)
When airline security confiscates something from a passenger, what happens to that confiscated item?
EGCA/
--------------------------------------------------------------------------------
My daughter flew to Germany from Stansted yesterday with Ryanair.
Her hand luggage was searched at Stansted and a small jar of Marmite confiscated on the basis that it was a "liquid".
Anyone else consider Marmite to be a liquid? The jar I have shows the product to be a thick paste.
(For those outside the UK "Marmite" is a long-established vegetarian food spead made from yeast products.It is dark brown and very thick.)
When airline security confiscates something from a passenger, what happens to that confiscated item?
EGCA/
Join Date: Sep 2003
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EGCA
The item was "voluntarily abbandoned" at BAA Security. (Its voluntary, as in you don't have to give it up, but if you choose not to, the airport chooses to not allow you to enter the Restricted Zone)
UK Government regs prohibit liquids, creams and gels - basically anything runny, gooie or sticky, unless in a container less than 100ml.
These items are all destroyed.
The item was "voluntarily abbandoned" at BAA Security. (Its voluntary, as in you don't have to give it up, but if you choose not to, the airport chooses to not allow you to enter the Restricted Zone)
UK Government regs prohibit liquids, creams and gels - basically anything runny, gooie or sticky, unless in a container less than 100ml.
These items are all destroyed.
Join Date: May 2006
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Ryanair profit warning . " Aircraft disposals "
Ryanair warns of perfect storm
Shares in Ryanair crashed 13.5% in early morning trade in Dublin after it reported a 27% drop in third quarter net profits. The airline warned that poor market conditions meant profits may fall in its next fiscal year.
Ryanair said its underlying net profit in the three months to end December fell by 27% to €35m from €48m the same time the previous year as average winter fares fell almost 5%.
The net profit figure excludes a one-off gain of €12.1m from the sale of five Boeing 737-800 aircraft.
With oil prices at $90 a barrel and fear of recession in the UK and many other European economies, the current outlook for the coming fiscal year is poor,' Ryanair said. 'There is now a significant chance that profits may decline next year,' it added. Ryanair said its passenger traffic grew by 21% to 12.4 million in the three month period, while revenues rose by 15% to €569m. Yields fell by 4%. The airline's ancillary revenues grew by 30%
Ancillary penetration continues to increase, and we are on target to achieve our ancillary sales objective of 20% of revenues over the next three years,' commented Ryanair's CEO Michael O'Leary. Ryanair repeated its guidance of net profit growth of 17.5% to approximately €470m for the full fiscal year 2007-2008.
'At this time it is too early to make any accurate forecasts in such volatile markets for 2008/2009,' Mr O'Leary said. 'However, with oil prices at $90 a barrel and fears of recession in the UK and many other European economies, the current outlook for the year is poor'.
He said that the airline remains essentially unhedged for next year. The airline's CEO says that current oil prices will impose significantly higher costs during a year when it expands capacity by almost 20%.
The airline's earnings may also be impacted by the recent weakness of sterling, which accounts for a significant proportion of Ryanair's revenues,' Mr O'Leary stated.
'The European airline sector is presently facing one of these cyclical downturns, with the possibility of a 'perfect storm' of higher oil prices, poor consumer demand, weaker sterling and higher costs at unchecked monopoly airports,' the Ryanair boss said.
'While it is impossible to accurately forecast full year fuel prices and yields this far in advance, there is now a significant chance that profits may decline next year,' Mr O'Leary cautioned.
'At our most optimistic, a combination of flat yields and $75 oil would see profits grow by 6% to approximately €500m, but at our most conservative, if forward oil prices remain at $85, and consumer sentiment/sterling weakness leads to a 5% reduction in yields, then profits in the coming year could fall by as much as 50% to as low as €235m (excluding profits from aircraft disposals),' Mr O'Leary predicted.
He said the airline hopes to provide a more informed update on guidance with the release of full year results in June.
Ryanair also said it planned to spend up to €200m buying back shares which, based on its current share price, would equate to 3% of the company's share capital.
Shares in the airline were down 48 cent to €3.11 in Dublin early this morning - a fall of 13.5%.
When he talks about disposals, does he mean further to the five 738´s he had already sold ?
Shares in Ryanair crashed 13.5% in early morning trade in Dublin after it reported a 27% drop in third quarter net profits. The airline warned that poor market conditions meant profits may fall in its next fiscal year.
Ryanair said its underlying net profit in the three months to end December fell by 27% to €35m from €48m the same time the previous year as average winter fares fell almost 5%.
The net profit figure excludes a one-off gain of €12.1m from the sale of five Boeing 737-800 aircraft.
With oil prices at $90 a barrel and fear of recession in the UK and many other European economies, the current outlook for the coming fiscal year is poor,' Ryanair said. 'There is now a significant chance that profits may decline next year,' it added. Ryanair said its passenger traffic grew by 21% to 12.4 million in the three month period, while revenues rose by 15% to €569m. Yields fell by 4%. The airline's ancillary revenues grew by 30%
Ancillary penetration continues to increase, and we are on target to achieve our ancillary sales objective of 20% of revenues over the next three years,' commented Ryanair's CEO Michael O'Leary. Ryanair repeated its guidance of net profit growth of 17.5% to approximately €470m for the full fiscal year 2007-2008.
'At this time it is too early to make any accurate forecasts in such volatile markets for 2008/2009,' Mr O'Leary said. 'However, with oil prices at $90 a barrel and fears of recession in the UK and many other European economies, the current outlook for the year is poor'.
He said that the airline remains essentially unhedged for next year. The airline's CEO says that current oil prices will impose significantly higher costs during a year when it expands capacity by almost 20%.
The airline's earnings may also be impacted by the recent weakness of sterling, which accounts for a significant proportion of Ryanair's revenues,' Mr O'Leary stated.
'The European airline sector is presently facing one of these cyclical downturns, with the possibility of a 'perfect storm' of higher oil prices, poor consumer demand, weaker sterling and higher costs at unchecked monopoly airports,' the Ryanair boss said.
'While it is impossible to accurately forecast full year fuel prices and yields this far in advance, there is now a significant chance that profits may decline next year,' Mr O'Leary cautioned.
'At our most optimistic, a combination of flat yields and $75 oil would see profits grow by 6% to approximately €500m, but at our most conservative, if forward oil prices remain at $85, and consumer sentiment/sterling weakness leads to a 5% reduction in yields, then profits in the coming year could fall by as much as 50% to as low as €235m (excluding profits from aircraft disposals),' Mr O'Leary predicted.
He said the airline hopes to provide a more informed update on guidance with the release of full year results in June.
Ryanair also said it planned to spend up to €200m buying back shares which, based on its current share price, would equate to 3% of the company's share capital.
Shares in the airline were down 48 cent to €3.11 in Dublin early this morning - a fall of 13.5%.
When he talks about disposals, does he mean further to the five 738´s he had already sold ?
Join Date: May 2004
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Its my understanding that a further 20 aircraft are to be sold this year, all going to China. The fleet however is still expanding rapidly with a continual flow of new aircraft arriving from Seattle.
Join Date: May 2005
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I hope this airline never goes bankrupt because believe me that would be a big mess, there is no way anybody will stick together when things start going wrong for Ryanair.
Last edited by eagle21; 4th Feb 2008 at 09:37.
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How the markets are reacting?
Weaker sterling? Poor demand? So why you keep adding UK bases like Bournemouth for instance? Why do you want to dominate the UK and the Republic of Ireland markets and by doing so only lowering the yields there? Just try to have a bit broader look. You could find many places in Europe where the markets are much less saturated than there. The market I know the best is a Finnish one. You have one great advantage in Finland: you are the only one low-cost carrier that counts here. Did you take profits having such a profitable position? Not at all. In spite of excellent LF's in Germany you just... reduced some flights. There you have millions of people looking for ANY amount of sun to warm them a bit during pretty harsh winters. How many destinations did you provide them in the Southern Italy, France or Spain? Not a SINGLE one. There are millions of Russians in St. Petersburg near the Finnish border. Did you use the opportunity? Not at all. And these are only examples from Finland. You'll find more such opportunities in other countries as well. But you prefer to keep fighting your dominance war in the British Isles. Just continue, maybe you'll win. But, as they say, the alarm bells are ringing. Quite loudly right now.
Shares in Ryanair fell 13pc in early trading, down at €3.13 as Dublin-based Goodbody Stockbrokers said that the statement "rang alarm bells".
"With oil prices at $90 a barrel and fear of recession in the UK and many other European economies, the current outlook for the coming fiscal year is poor," said Mr O'Leary.
"The European airline sector is presently facing one of these cyclical downturns, with possibility of a perfect storm of higher oil prices, poor consumer demand, weaker sterling and higher costs at unchecked monopoly airports," he added.
"With oil prices at $90 a barrel and fear of recession in the UK and many other European economies, the current outlook for the coming fiscal year is poor," said Mr O'Leary.
"The European airline sector is presently facing one of these cyclical downturns, with possibility of a perfect storm of higher oil prices, poor consumer demand, weaker sterling and higher costs at unchecked monopoly airports," he added.
Join Date: May 2005
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Nobody said it will happen, you may breathe again!
I was just stating that in the case it should happen it would be very quick since nobody would stick together. That's all.
And by they way do you remember how tha Titanic would never sink...
I was just stating that in the case it should happen it would be very quick since nobody would stick together. That's all.
And by they way do you remember how tha Titanic would never sink...
Scourge of Bad Airline Management!
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Must be that time of year again...
Round about the end of January for the last x years, Ryanair have started to sound like the town crier in Pompeii.
Usually something along the lines of "bloodbath for the low costs, they must merge or fail", "fuel prices ghastly, we won't even break even" with an added dash of "dreadful economic outlook ahead".
The shares take a temporary hit. Then, year after year, Ryanair comes in with numbers ahead of market expectations. Share price goes up again....
As for their results - add back in the profit from the disposal of the 738s they sold last quarter, and hey presto, back on the mark.
Must make you pots if you are a shareholder....
Or am I a cynic?
TA
Round about the end of January for the last x years, Ryanair have started to sound like the town crier in Pompeii.
Usually something along the lines of "bloodbath for the low costs, they must merge or fail", "fuel prices ghastly, we won't even break even" with an added dash of "dreadful economic outlook ahead".
The shares take a temporary hit. Then, year after year, Ryanair comes in with numbers ahead of market expectations. Share price goes up again....
As for their results - add back in the profit from the disposal of the 738s they sold last quarter, and hey presto, back on the mark.
Must make you pots if you are a shareholder....
Or am I a cynic?
TA
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QUOTE
The net profit figure excludes a one-off gain of €12.1m from the sale of five Boeing 737-800 aircraft.
QUOTE
That must be a misprint. What he do...... sell them without engines?
The net profit figure excludes a one-off gain of €12.1m from the sale of five Boeing 737-800 aircraft.
QUOTE
That must be a misprint. What he do...... sell them without engines?