Aer Lingus - 5
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akerosid, welcome to another dialogue with e. I have just seen another blog on the airliners site about EI routes from LGW. That suggests that they have already sold 140, 000 seats on these routs this summer. That blog asserts that they have already sold 11% of their total seats for these routes this summer.
Based on my own experience I reckon that to have any chance of meeting their targets they should already have sold around 75-80% of the April inventory particularly as Easter falls in April this year. They should also have sold around 50% of their May inventory. Over Bank Holiday weekends thsy should already be nearly full on most routes.
If they had achieved these figures by now they would already have sold around 25% of their planned summer inventory. Instead they are well below half that figure. They are still selling some of these routes at £10 or less including tax. All they get from that is cash flow and then a loss.
Looks like things are looking very tough for them. The timing for these routes is completely wrong. Their loss is likely to be massively increased.
Based on my own experience I reckon that to have any chance of meeting their targets they should already have sold around 75-80% of the April inventory particularly as Easter falls in April this year. They should also have sold around 50% of their May inventory. Over Bank Holiday weekends thsy should already be nearly full on most routes.
If they had achieved these figures by now they would already have sold around 25% of their planned summer inventory. Instead they are well below half that figure. They are still selling some of these routes at £10 or less including tax. All they get from that is cash flow and then a loss.
Looks like things are looking very tough for them. The timing for these routes is completely wrong. Their loss is likely to be massively increased.
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Saw that one too and it's certainly quite worrying; if LGW is messed up, then I think you'll probably see "man overboard"; as has already been reported, the investor response to the roadshow has been pretty poor.
I want to give EI management the benefit of assuming that they've considered the danger of going into a totally new and very competitive market at a time of slowdown in the airline industry, but the cost of messing this up could be very serious; just because you have a €600m cash pile doesn't mean you have to squander it on new projects.
That said, we also need to consider the possibility that some of the info may not be accurate; remember that it was alleged a while ago that EI was going to abandon LGW altogether, so it may well be that some figures and statements are being put about maliciously.
I want to give EI management the benefit of assuming that they've considered the danger of going into a totally new and very competitive market at a time of slowdown in the airline industry, but the cost of messing this up could be very serious; just because you have a €600m cash pile doesn't mean you have to squander it on new projects.
That said, we also need to consider the possibility that some of the info may not be accurate; remember that it was alleged a while ago that EI was going to abandon LGW altogether, so it may well be that some figures and statements are being put about maliciously.
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Originally Posted by VanBosh
Also are there any figures published which show how many people actually use DUB as a hub and fly transatlantic via DUB from Rome or Warsaw for example.
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EI are in a perfect geographical position to compete very competitively with on Transcon.
Surely DUB is the best placed destination in the whole of Europe to connect EU-US?
Is it a lack of investment, too much competition, too little infrastructure in DUB, to little to late? Why have EI never been able to compete with the likes of BA and LH on TATL especially for transfers?
Just wondering...
Surely DUB is the best placed destination in the whole of Europe to connect EU-US?
Is it a lack of investment, too much competition, too little infrastructure in DUB, to little to late? Why have EI never been able to compete with the likes of BA and LH on TATL especially for transfers?
Just wondering...
I want to give EI management the benefit of assuming that they've considered the danger of going into a totally new and very competitive market at a time of slowdown in the airline industry, but the cost of messing this up could be very serious; just because you have a €600m cash pile doesn't mean you have to squander it on new projects.
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racedo just for the record, since you claim to work for neither yet post many a time on the subject, just*WHY* are you so anti Aer Lingus and so pro Ryanair. How many of your bags did they lose?
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I wish all those on this thread who always wish to comment on EI's impending failure, especially Bfs and Lgw, would read the last post on Belfast thread re: loads on Fr flight Bhd - Pik. Why do you never make posts regarding the very poor loads on many flights at BHD? What about other routes, why are Fr cutting loads of routes?
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Quiz Time
Why do you never make posts regarding the very poor loads on many flights at BHD? What about other routes, why are Fr cutting loads of routes?
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Skipness
For what its worth, there are more ryr "employees" off the books than on them
Judging by the number of idle ryr a/c sitting around DUB at 0745 yesterday morning (ie stairs down doors closed) I think a certain Surrey commentator will be stuck for words soon enough
For what its worth, there are more ryr "employees" off the books than on them
Judging by the number of idle ryr a/c sitting around DUB at 0745 yesterday morning (ie stairs down doors closed) I think a certain Surrey commentator will be stuck for words soon enough
racedo just for the record, since you claim to work for neither yet post many a time on the subject, just*WHY* are you so anti Aer Lingus and so pro Ryanair. How many of your bags did they lose?
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Racedo, what you have posted has often been wrong, proven wrong but you have never had the grace to admit it. At other times you have taken information and selectively posted the parts you feel validate your twisted position, you have in summary been spinning for some time.
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No sir and some of the facts you come out with ARE thought provoking. I am just curious as to why you are so passionately anti-Aer Lingus and pro-Ryanair as you don't appear to fit the profile of the typical Ruinair fan boy. I DO read what you say with interest but you must admit that you do appear to have a clear agenda as you talk down Aer Lingus at EVERY opportunity.
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F.F.S. Skipness, thought provoking. We are in a changed world, yesterdays plans don't work today let alone plans from months ago. EI management is reviewing everything as they should. MO'L will be back at the end of the year. We are one of the best funded Airlines in the world, those monies were received to develop our business not shore up MO'L failed expansion plans. We will spend it developing our product and service and fleet. Racedo calls it burning through cash and is concerned there might be none left were MO'L to be successful next time. He will never admit his motive and he posts to one purpose. Thought provoking my arse.
We are one of the best funded Airlines in the world, those monies were received to develop our business not shore up MO'L failed expansion plans. We will spend it developing our product and service and fleet.
At current rate of burn by end of 2010 it may not have any of the cash from the share sale.
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Racedo, you are either unconscionably dull or are being deliberately obtuse. A small operating loss was made this year against a back drop of failing airlines, reduced load factors and a week dollar. Yields are down across the industry but market share is up.
Aer Lingus is making its last moves from a legacy carrier to low fairs operator on its short haul network. Support staff who have been with us for years are being let go or taking early retirement. While I shall miss them and the exelent support they gave me over the years, their departure will remove a minimum of 50million euro from the bottom line annualy. The short haul expansion is factored into projected costs as is a long haul fleet expansion and cabin upgrade. The management team may well alter our course on that, its up to them.
"At current rate of burn by end of 2010 it may not have any of the cash from the share sale. " No supporting evidence whatsoever.
Bottom line People are chosing Aer Lingus. I live in no dream world but I have no wish to enter M'OL nightmare. Now run along and dig up some obscure finacial report from the last few years and try to construct a case.
You see skip., he never answers questions no matter how politly put. You can ask it anything, look. Hey Racedo whats your motive? Hey recedo how come you always moniter PPRUNE and post negatively about Aer Lingus? Hey racedo are you a self gratification artist? Bet he only replys to one of those and it'll be the one we know the answer to.
Aer Lingus is making its last moves from a legacy carrier to low fairs operator on its short haul network. Support staff who have been with us for years are being let go or taking early retirement. While I shall miss them and the exelent support they gave me over the years, their departure will remove a minimum of 50million euro from the bottom line annualy. The short haul expansion is factored into projected costs as is a long haul fleet expansion and cabin upgrade. The management team may well alter our course on that, its up to them.
"At current rate of burn by end of 2010 it may not have any of the cash from the share sale. " No supporting evidence whatsoever.
Bottom line People are chosing Aer Lingus. I live in no dream world but I have no wish to enter M'OL nightmare. Now run along and dig up some obscure finacial report from the last few years and try to construct a case.
You see skip., he never answers questions no matter how politly put. You can ask it anything, look. Hey Racedo whats your motive? Hey recedo how come you always moniter PPRUNE and post negatively about Aer Lingus? Hey racedo are you a self gratification artist? Bet he only replys to one of those and it'll be the one we know the answer to.
No supporting evidence whatsoever.
Bottom line People are chosing Aer Lingus.
Bottom line People are chosing Aer Lingus.
Already answered and it Aer Lingus stating it........you funnily enough ignored that facts as stated by your own management.
Supposedly saving 50 million but it costings you 120 to get it means that its towards end of 2011 to ensure you have a payback. You paying the cash out now and its adding nothing towards you growing in the future..
As for choosing Aer Lingus would that be the 4 consecutive months of year on year decline that Aer Lingus has suffered since October.
Freely admitting that their cash will be 200 million lower and they will make no money or cash in 2009 and thats doing ok ?
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In the retail industry, companies are normally required to publish like for like results i.e. ones where they show the growth (or otherwise) at the same stores they reported for last year, but not including newly opened stores.
I wonder are the same figures available for Ryanair and Aer Lingus. I'd be interested to see how passenger numbers compare once route expansion is factored out.
I wonder are the same figures available for Ryanair and Aer Lingus. I'd be interested to see how passenger numbers compare once route expansion is factored out.
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You know guys, while I don't participate much but constantly read this post, take my advice and JUST IGNORE RACEDO. He obviously has some idiotic hidden agenda and his input to this thread is of NO interest to anyone.
The only time I will aim a post at him.
Racedo... why post so much about what BAD SHAPE Aer Lingus is in?
Do you also joing threads about the MANY other airlines who have LOST a lot more money than EI?
Let's just recap 2008, while results are dissappointing, they are by far NOT THE WORST out there amongst airlines.
Lets see some interesting points for 2008 (I'm loking at the positives, admit there are negatives, but as many were extraordinary, and given current cliamte and what ALL airlines are facing, and many being crippled by it -not the case of EI, so far, thankfully-):
Not actually that bad... but of course, you Racedo will ignore this, not admit or twist it.
Contributing to negative side for alst year were the significant exceptional items, and of course the +58.4% increase in fuel costs.
Got some bad news for you Racedo, AER LINGUS IS HERE TO STAY!
And by the way, as you seem ignorant to what The Indo is, which you've quoted in the past, this is a national Irish newspaper, The Irish Independent... quite a useless and sensationalist newspaper disguised as a broadsheet imho, which is, just like you, notoriously anti EI and pro FR. So don't believe a word you read from the Indo regarding EI (ah but of course, that probably wouldn't suit you as they also write with some hidden agenda).
Bye Racedo...
Any EI employees here, one "silly" thing I've often wondered, with the way the Irish Independent tends to be so anti-EI, why is it you only sell the Indo onboard and not the Irish Times??
The only time I will aim a post at him.
Racedo... why post so much about what BAD SHAPE Aer Lingus is in?
Do you also joing threads about the MANY other airlines who have LOST a lot more money than EI?
Let's just recap 2008, while results are dissappointing, they are by far NOT THE WORST out there amongst airlines.
Lets see some interesting points for 2008 (I'm loking at the positives, admit there are negatives, but as many were extraordinary, and given current cliamte and what ALL airlines are facing, and many being crippled by it -not the case of EI, so far, thankfully-):
- TOTAL REVENUE..........+5.6%
- Load factor.........-2.6
- TOTAL PAX CARRIED.....+7.5%
- OVERALL PAX REVENUE.............+2.5
- SHORT-HAUL PAX REVENUE....+1.3%
- LONG-HAUR PAX REVENUE........+5%
- ANCILLARY REVENUE.........+37.7%
- CARGO REVENUE..........+5.5%
- OTHER REVENUE..........+11.5%
Not actually that bad... but of course, you Racedo will ignore this, not admit or twist it.
Contributing to negative side for alst year were the significant exceptional items, and of course the +58.4% increase in fuel costs.
Got some bad news for you Racedo, AER LINGUS IS HERE TO STAY!
And by the way, as you seem ignorant to what The Indo is, which you've quoted in the past, this is a national Irish newspaper, The Irish Independent... quite a useless and sensationalist newspaper disguised as a broadsheet imho, which is, just like you, notoriously anti EI and pro FR. So don't believe a word you read from the Indo regarding EI (ah but of course, that probably wouldn't suit you as they also write with some hidden agenda).
Bye Racedo...
Any EI employees here, one "silly" thing I've often wondered, with the way the Irish Independent tends to be so anti-EI, why is it you only sell the Indo onboard and not the Irish Times??