Aer Lingus - 5
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FR needs EI more than EI needs FR?
Interesting article in today's Indo ...
Takeover could pull Ryanair back into black... but O'Leary kept quiet on that - Irish - Independent.ie
Also, FR's respite from new Boeing deliveries (due to the Boeing strike) will end in the next few days, when EI takes delivery of two new 737s. Two more in December and six in January and as the line numbers in the attached link show, a steady rate after that.
Ryanair On Order
FR's model has been based on selling older aircraft on, but in a downturn, how many takers will there be?
Takeover could pull Ryanair back into black... but O'Leary kept quiet on that - Irish - Independent.ie
Also, FR's respite from new Boeing deliveries (due to the Boeing strike) will end in the next few days, when EI takes delivery of two new 737s. Two more in December and six in January and as the line numbers in the attached link show, a steady rate after that.
Ryanair On Order
FR's model has been based on selling older aircraft on, but in a downturn, how many takers will there be?
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Originally Posted by Skipness One Echo
I believe they are watching Aer Lingus losing as much money as they used to do when they bled serious money on the Shuttles. Mind you that was an internal accounting tissue of deceit ( ! ) I thought the Aldergrove base was finding the going tough even when things were better last year?
I was merely suggesting that Aer Lingus would be the first of many progressive traditional carriers that begin to see the potential profit in straying away from traditional hubs towards lower fares and point to point bases on short haul routes.
I used British Airways as an example of an Airline that would not be prepared to change its short haul business model (i.e High fares, feeding the long haul network) and experiment the way that Aer Lingus is doing (i.e low fares, local traffic, point to point short haul).
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The inevitable.
Akerosid, Mulcahy's analysis is just plain wrong. If you insist on reading Irish newspapers your view is bound to be skewed. You should get out more. Reading more widely will help you to rise above where the parochial meets the self satisfied.
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Ladies and Gentlemen...
Its really quite simple. There are serious financial issues taking hold of the company (EI).
Miss-management, the 'Credit Crunch', Fuel pricing... Etc Etc, Call it what you will.
IF someone were to come along and offer to 'rescue' the company, then grab them by the hand, and enter negotiations...
In this current climate - NO ONE can afford to be choosy.
NB - FR are probably more well-known to the world now than EI (not particularly the fault of EI) but FR do have more flights and exposure therefor more passengers and the ability to grow with the money they have, and are making - something EI are not.
Status symbols are a thing of the past now.
Its really quite simple. There are serious financial issues taking hold of the company (EI).
Miss-management, the 'Credit Crunch', Fuel pricing... Etc Etc, Call it what you will.
IF someone were to come along and offer to 'rescue' the company, then grab them by the hand, and enter negotiations...
In this current climate - NO ONE can afford to be choosy.
NB - FR are probably more well-known to the world now than EI (not particularly the fault of EI) but FR do have more flights and exposure therefor more passengers and the ability to grow with the money they have, and are making - something EI are not.
Status symbols are a thing of the past now.
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Silverstreak, Aer Lingus is among the best funded airlines in the world. A small operating loss was forecast and upon its back 70million euros in operating savings were sought and some 50million euros achieved. Aer Lingus is in no internal danger.
RyanAir has some serious problems. Evidenced by; parking up aircraft, forcing Pilots on unpaid leave and closing a Spanish base. RyanAir has a relentless delivery of aircraft it can not use and does not want. The desperate plan is to grab Aer Lingus for a song and use its enormous cash reserve to buy RyanAir's 737's (doubling the Aer Lingus short haul fleet and converting it to Boeing, both part of M.O'L's proposal). In one swoop Mick will have rid himself of a real competitor, disposed of an unwanted fleet (at a price he will set) and got a free long haul operation.
The offer of a hand may well be welcome but not from this drowning and dishonest man.
RyanAir has some serious problems. Evidenced by; parking up aircraft, forcing Pilots on unpaid leave and closing a Spanish base. RyanAir has a relentless delivery of aircraft it can not use and does not want. The desperate plan is to grab Aer Lingus for a song and use its enormous cash reserve to buy RyanAir's 737's (doubling the Aer Lingus short haul fleet and converting it to Boeing, both part of M.O'L's proposal). In one swoop Mick will have rid himself of a real competitor, disposed of an unwanted fleet (at a price he will set) and got a free long haul operation.
The offer of a hand may well be welcome but not from this drowning and dishonest man.
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Ryanair own nearly 30% of EI so interest from other airlines is unlikely.
EI dwindle money away - former cabin crew and pilots from previous eras still get subsidised or free travel,whats up with that?
Ground staff,cleaners etc used to get overtime at the drop of a hat - usually authorised by supervisors.Absolutaly criminal
That was in the good old days when quite frankly ei didnt give a ****e if they lost money or wasted it as the govt would keep signing the cheques.
That day is gone - so we thought!EI was privatised( oh wait a minute govt kept 25% ha ha),so the culture remained largely similar - inefficient and bleeding money.
One thing people have to realise.Ryanair is Irish but very much European.If you fly on a regular FR flight - a huge % of pax are european,not the case with EI where most pax are Irish.Ireland is in a recession so obviously EI will struggle more than ryan.EI have most of there eggs in irish market at least FR have spread that risk across EU.
Merger successful or not EI need to radically change business model.
EI dwindle money away - former cabin crew and pilots from previous eras still get subsidised or free travel,whats up with that?
Ground staff,cleaners etc used to get overtime at the drop of a hat - usually authorised by supervisors.Absolutaly criminal
That was in the good old days when quite frankly ei didnt give a ****e if they lost money or wasted it as the govt would keep signing the cheques.
That day is gone - so we thought!EI was privatised( oh wait a minute govt kept 25% ha ha),so the culture remained largely similar - inefficient and bleeding money.
One thing people have to realise.Ryanair is Irish but very much European.If you fly on a regular FR flight - a huge % of pax are european,not the case with EI where most pax are Irish.Ireland is in a recession so obviously EI will struggle more than ryan.EI have most of there eggs in irish market at least FR have spread that risk across EU.
Merger successful or not EI need to radically change business model.
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so the culture remained largely similar - inefficient and bleeding money.
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Leeds 65, so so bitter. Staff at EI can pay for standby travel. it seems odd that I should have to explain the concept on a professional pilots board but here goes. If a seat is not taken by a revenue passenger then the staff member can having paid all taxes and charges pay a reduced fair. However most fairs are now so cheep we tend to buy regular tickets to save disappointment as load factors have been good.
As for all the twoddle about eggs and FR's European basket did I read today they're looking at a 140million euro loss this year? FR could certainly teach us how to hemorrhage more efficiently, that some kind of performance.
As for all the twoddle about eggs and FR's European basket did I read today they're looking at a 140million euro loss this year? FR could certainly teach us how to hemorrhage more efficiently, that some kind of performance.
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Also, FR's respite from new Boeing deliveries (due to the Boeing strike) will end in the next few days, when EI takes delivery of two new 737s
I couldnt help but pick up on this? Are you saying that EI are getting 737s? Surely this is a mistake???
EI-BUD
After Akerosid's post, and tying it in with the claim from FR that they will double the EI's short haul fleet I can add another item to my "what's in it for Ryanair list"
Ryanair have a ready customers for their "only one careful owner" 737's.
JAS
Ryanair have a ready customers for their "only one careful owner" 737's.
JAS
Last edited by Just a spotter; 9th Dec 2008 at 13:21.
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Aer Lingus remove fuel surcharges
Aer Lingus has announced it is to scrap fuel surcharges on its long haul services from today.
The airline said the decision was taken following a decline in fuel prices over the past few months.
Aer Lingus removes fuel surcharges - The Irish Times - Fri, Dec 12, 2008
Aer Lingus has announced it is to scrap fuel surcharges on its long haul services from today.
The airline said the decision was taken following a decline in fuel prices over the past few months.
Aer Lingus removes fuel surcharges - The Irish Times - Fri, Dec 12, 2008
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fuel surcharges gone - ha ha!!!
Ha Ha indeed!!!
I compared what I paid a few weeks ago for DUB/MCO/DUB out 29 Jan and return 19 Mar and the fuel surcharges may be gone but the cost of ticket is now more expensive!!!!
Am I surprised?
Are you surprised?
I compared what I paid a few weeks ago for DUB/MCO/DUB out 29 Jan and return 19 Mar and the fuel surcharges may be gone but the cost of ticket is now more expensive!!!!
Am I surprised?
Are you surprised?
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Well Aer Lingus wouldn't get rid of the surcharge without making up for it somewhere else, if they did a one way fare to IAD would be less than €80 and it's unlikely Aer Lingus can make any money with a fare like that. What they have done is raise the base fare but that being said most fares are actually cheaper - IAD, JFK, ORD and BOS are lower.
EI now seeking a White Knight investor......including Private equity, do they know the money markets are closed and private equity expects your blood and your first born.
FR with under 30% make that a no chance as quite likely some of the institutions will have already indicated a sell on to Ryanair, add with Govt stake thats over 50% not readily available on the market.
Irish Takeover panel results are good because FR has offered lots of goodies that they knew they couldn't.
Now its been ruled legally they can't offer them then can't be held to them and can say "ooops we can't offer them" and it ends the discussion on them when they release the official offer.
Nothing like killing parts of someone elses agenda and objections.
FR with under 30% make that a no chance as quite likely some of the institutions will have already indicated a sell on to Ryanair, add with Govt stake thats over 50% not readily available on the market.
Irish Takeover panel results are good because FR has offered lots of goodies that they knew they couldn't.
Now its been ruled legally they can't offer them then can't be held to them and can say "ooops we can't offer them" and it ends the discussion on them when they release the official offer.
Nothing like killing parts of someone elses agenda and objections.