Ryanair - 6

[captplaystation]

Spin spin spin, no coincidence that a recently "negotiated" pay deal had a clause that they would not pay a large chunk of it if we made a loss in two consecutive quarters. . .go figure.
Disposal of older aircraft is reputedly quite profitable. I believe we get more for the 9 year olds than we pay for the new "I raped Boeing" ones as prices negotiated when we ordered several hundred were VERY favourable. Silly not to.
Like I said spin spin spin.

[chris-squire]

captplaystation - At last some sense!

[saccade]

Southwest Airlines is currently doing very well because of their succesful hedging contracts:
http://www.ft.com/cms/s/0/0826f784-c...077b07658.html

Ryanair is almost completely unhedged after March!
http://www.marketwatch.com/news/stor...605331615CC%7D

Don't really see the cleverness in this, the 30m and a few quid from some paycuts won't make a difference on the fuel bill with $100 oil...

[sky9]

Where did the 12 operating lease aircraft come from; are they part of the Ryanair order on a sale and leaseback or from a third party? They are now a significant part of the fleet.
Interesting also to see that they are advertising the availability of wet lease aircraft on their website.

[Viewedfromabove]

Well done Michael O'Leary....This man didn't become a millionaire by being silly

Or by being nice to passengers and crew, or anyone else for that matter!

[golfyankeesierra]

Didn't Ryanair get those B737's at a bargain?
And what does Boeing say about it when RYR sells them at a profit while deliveries are still ongoing?

edit: sorry, missed capt playstation's post. Still what does Boeing say?

[Charlie Roy]

The most interesting titbit from the Q3 report:

We continue to have more new base opportunities than we can handle at present, and expect to be in a position to announce at least two further European bases shortly, both of which will launch in Winter 2008.

[cesare.caldi]

One of these new base probably will be Reus (REU).

[HeliCraig]

Well, my two penneth worth - only as SLF when it comes to jets - is that I think people will soon start to grow tired of Ryanair / MOL's attitude and approach to customers/employees/suppliers.

Their initial advertised fares must surely only serve the purpose of putting you in "my life thats cheap" mindset. Recently booked 2 tickets from EMA to DUB (return). £0.01 for each sector, so £0.04 for tickets. £30 tax each way. Then you add on the £10 for an infant (yes, 1000x more for an infant - but you can't book a seat for him!), £6 for a bag, £6 check in (we both have to check in because 1 has lugguage), £6 for infant equipment EACH WAY... and you end up at best part of £130 for the tickets. But you still think its cheap!!

But you try and cancel it (no I haven't but I know this is what happens)... no tax refund because their admin charge will equal the tax. Their customer service is widely regarded as nil. They are just plain argumentitive with any authority about anything (Advertising Standards Agency, just last week, told to go forth by them!).

They are just not as LoCo as people believe (yes they are marginally cheaper than some traditional airlines) - they want you to believe it, it suits their ends. Failing that, they will go on the offensive - very publicly.

People will eventually tire of their continual tirades and sneaky attempts to get a few extra quid out of you (I'd rather have an upfront honest price). But when they do, Ryanair will not go wrong; they will just have to adapt, thats all - but I think a change in management will be needed first.

So, you can count me firmly in the "its all spin, spin, spin" camp.

[owenkirk2005]

Hi, sorry if this is in the wrong area but i am traveling FR to rome from east midlands and did not purchuse priority boarding when i booked. am i still able to purchuse this at the airport on the outbound and inbound? thanks

[MAN777]

Priority boarding ! Dont waste your money, just get to the gate early and watch the staff for behaviour leading to boarding announcements, if that fails push yourself to the front of the Q, or tag onto a family !. If you turn up at the gate late you will get the seats that are left over regardless of whether you had priority boarding.

[owenkirk2005]

cheers for the advise. ill get to the front of the non-priority que like i was planning on doing then. thanks

[Stanstedeye]

owenkirk

You can from STN

[TheOddOne]

I think people will soon start to grow tired of Ryanair / MOL's attitude and approach to customers/employees/suppliers.

Well, folk have been saying that for 10 years or so, now, without any sign of MOL changing his ways.

People have a miscoception about the meaning of the term 'LoCo'. It isn't low cost to the customer, it's low cost to the airline. Everything they do, from aircraft purchase through landing fees and handling costs are absolutely minimised and they gain the maximum use of everything 'sweating the assets' as the accountants would say (and do!) MOL is infamous for saying many things, among them being that he isn't a pilot, isn't in love with teh romance of flying, just wants to run the business for the maximum that can be extracted from it.

Incidentally, why be a Ryanair shareholder? Please correct me if I'm wrong, but I don't believe they've paid a single penny in dividend. If so, the ONLY reason for holding Ryanair stock must be the belief that the share price will go higher than you paid for it and you'll make some money eventually by selling them. If so, then who DOES benefit from Ryanair's activity?

a)Well, MOL, of course, rumoured to be a very rich man and his senior team.

b) The staff, OK, OK, I know, everyone thinks the way they are treated stinks, but they're all in paid jobs, some of them quite well paid and they can surely take their skills elsewhere.

c)The customers, I agree it isn't cheap to fly with Ryanair, see the above illustration, but millions and millions of people fly with them every year. If it was REALLY rubbish, then they'd have stopped by now. The communities where Ryanair fly to (you know, the deal where they say they're flying you to one place but take you somewhere not a million miles away, but it feels like it!).

d) Stansted. I don't believe anyone else would have made the growth happen there to quite the same extent.

e)Oh, and all those Boeing employees who would have been laid off without his order. If I were Boeing, I'd say 'well, he kept the line open for us, we struck a deal on the price, if he can make money out of it then good luck'.

I'm NOT a MOL apologist, I'm sure similar growth could have happened without the plain nasty public persona. Personally, I'd rather fly with EasyJet and if I never fly with Ryanair again I won't mind but as an ex-big-airport professional, I've got to kinda admire what they've done.

TheOddOne

[chris-squire]

What's being forgotten is that RYR is a business. It exists to make money, not to make people happy. Believe me, I agree that its pretty **** the way things are going with customer service but you get what you pay for. I was even further apalled when talking to a mate who's with RYR and discovered that you're not officially allowed a free cup of tea in flight!

But, RYR is more profitable than BA and isn't far off being just as big so they must be doing something to keep people happy.

Just my 2p worth.

[Andrew R]

Video of MOL on BBC Breakfast this morning - http://www.youtube.com/watch?v=9wGkbzOk3Jc

[GoEDI]

New Base

Expect EDI from September with around 11 new routes on top of what's already been announced, 2 based aircraft.

[JulietNovemberPapa]

What's your source? I ask because we've had endless FR-at-EDI rumours.

[pilot999]

The man's a genius. thank god we've got him.

[scotsunflyer]

Where's the source? That would be telling but see below:

Proposed

WRO x 2 weekly
BOH x double daily
PMI x 3 weekly
KRK x 3 weekly
AGP x 4 weekly
POZ x 3 weekly
BLL x 3 weekly
NYO x 4 weekly
LCJ x 2 weekly
SXF x 4 weekly
BTS x 4 weekly