Ryanair - 8
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Average fares have risen for more than just this Q1. Again full year expectations:
http://www.ryanair.com/doc/investor/...1_2012_doc.pdf
We expect average fares in FY12 to rise by up to 12% due to the
better mix of new routes and bases, our winter capacity cuts, higher competitor fares and fuel surcharges. We anticipate Q2 yields will rise by 12% to 15%. We expect operating costs per passenger for FY12 to rise by 13% due to higher oil prices.
better mix of new routes and bases, our winter capacity cuts, higher competitor fares and fuel surcharges. We anticipate Q2 yields will rise by 12% to 15%. We expect operating costs per passenger for FY12 to rise by 13% due to higher oil prices.
Join Date: Aug 2002
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Fares rise, yields increase. Fares have risen both this year and last year.
It's completely counter intuitive but in my previous life in B2B analytics, we always found that straight line companies with steady employment were much more likely to go bust than companies with fluctuating employment which were ruthless on costs.
Aircraft parked up at airfields across Europe is presented as a harbinger of doom for the company, but look a little further and they're not really.
PIK is dropping from 6 to 2 based units for the winter, bad for staff and capacity but so long as they are back to 6 in this highly seasonal market next year I can live with that. Flying (not so) fresh air around the skies of Europe never made anyone rich.
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FKB confirmed
Ryanair ANNOUNCES NEW BADEN-BADEN BASE (No 47)
19 ROUtes & 800,000 paX P.A. IN 4th German base
Ryanair, the world's favourite airline, today (25th Oct) announced it would open its 47th base at Baden-Baden (Karlsruhe) Airport in March 2012 with two based aircraft and 20 routes, delivering over 800,000 passengers p.a., and sustaining 800 jobs in the Baden region.
In addition to Ryanair's existing 12 Baden-Baden routes Ryanair will open 7 new routes to Faro, Malaga, Palma, Riga, Thessaloniki, Vilnius and Zadar to go on sale on ryanair.com tomorrow (26 Oct) and bring to 19 the number of routes served from Baden-Baden by Ryanair in Summer 2012.
19 ROUtes & 800,000 paX P.A. IN 4th German base
Ryanair, the world's favourite airline, today (25th Oct) announced it would open its 47th base at Baden-Baden (Karlsruhe) Airport in March 2012 with two based aircraft and 20 routes, delivering over 800,000 passengers p.a., and sustaining 800 jobs in the Baden region.
In addition to Ryanair's existing 12 Baden-Baden routes Ryanair will open 7 new routes to Faro, Malaga, Palma, Riga, Thessaloniki, Vilnius and Zadar to go on sale on ryanair.com tomorrow (26 Oct) and bring to 19 the number of routes served from Baden-Baden by Ryanair in Summer 2012.
Bruce -
The polarised opinions about Ryanair are particularly evident here on Pprune - the 'home' of lots of people who take an interest, or make a living in aviation. MOL is indeed an excellent CEO in many ways, especially if viewing Ryanair as a business, rather than a service or an employer.
Opinion against Ryanair comes from a number of sources:'
Disgruntled passengers. FR abide strictly by their Ts & Cs, and those are tightly written. If you don't understand them or haven'y read them and fall foul of them, you're an unhappy bunny. Also, other European airlines go to some lengths to assist passengers caught up in industrial disputes, bad weather, volcanic ash and the like, but FR do the contractual minimum.
Disgruntled employees/potential employees. The vast majority of FR 'staff', including pilots, are contractors working for agencies. They do not enjoy the full package of benefits once expected in aviation, are generally not unionised, and again FR maximise their contractual rights. Individuals may feel aggrieved at this attitude, but there is a wider concern that FR is leading a 'race to the bottom', thereby affecting earnings and working conditions throughout the industry in Europe.
Aggressive publicity. MOL is a superb self-publicist, and he does it by being outrageous. Whilst this gets him publicity, he cares not who he insults in the process, thereby winning few friends.
Uncompromising tough attitude in negotiations. If FR don't get their way, they are quite prepared to walk away from airports (and customers) who have come to rely on them. There are numerous examples of routes being pulled, bases closed and airports abandoned, often at short notice. Compensation is limited to outlay.
Some feel (myself included) that some of the innovations used by FR are skewed against the customer, or are punitive. Examples include selection of fee-free payment method, charges for check-in, increased baggage charges in peak season, etc.
Enthusiasts of FR will point to the well-documented successes:
Large modern fleet
Large-scale employment opportunities
Very low basic fares that have opened up air travel to many millions of people, and dozens of places.
Good on-time performance
Few lost bags.
Robust business model
Long term profitability in an industry littered with failures
Strong balance sheet
etc.
The polarised opinions about Ryanair are particularly evident here on Pprune - the 'home' of lots of people who take an interest, or make a living in aviation. MOL is indeed an excellent CEO in many ways, especially if viewing Ryanair as a business, rather than a service or an employer.
Opinion against Ryanair comes from a number of sources:'
Disgruntled passengers. FR abide strictly by their Ts & Cs, and those are tightly written. If you don't understand them or haven'y read them and fall foul of them, you're an unhappy bunny. Also, other European airlines go to some lengths to assist passengers caught up in industrial disputes, bad weather, volcanic ash and the like, but FR do the contractual minimum.
Disgruntled employees/potential employees. The vast majority of FR 'staff', including pilots, are contractors working for agencies. They do not enjoy the full package of benefits once expected in aviation, are generally not unionised, and again FR maximise their contractual rights. Individuals may feel aggrieved at this attitude, but there is a wider concern that FR is leading a 'race to the bottom', thereby affecting earnings and working conditions throughout the industry in Europe.
Aggressive publicity. MOL is a superb self-publicist, and he does it by being outrageous. Whilst this gets him publicity, he cares not who he insults in the process, thereby winning few friends.
Uncompromising tough attitude in negotiations. If FR don't get their way, they are quite prepared to walk away from airports (and customers) who have come to rely on them. There are numerous examples of routes being pulled, bases closed and airports abandoned, often at short notice. Compensation is limited to outlay.
Some feel (myself included) that some of the innovations used by FR are skewed against the customer, or are punitive. Examples include selection of fee-free payment method, charges for check-in, increased baggage charges in peak season, etc.
Enthusiasts of FR will point to the well-documented successes:
Large modern fleet
Large-scale employment opportunities
Very low basic fares that have opened up air travel to many millions of people, and dozens of places.
Good on-time performance
Few lost bags.
Robust business model
Long term profitability in an industry littered with failures
Strong balance sheet
etc.
Bournemouth to Malta
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"We expect average fares in FY12 to rise by up to 12% due to the........"
How much of the average price paid by the pax is the flight ticket? It is the never ending mantra that RYR have the lowest fare, not the final price paid, which distorts the true picture.
How much of the average price paid by the pax is the flight ticket? It is the never ending mantra that RYR have the lowest fare, not the final price paid, which distorts the true picture.
Join Date: Aug 2010
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As a supporter of Ryanair Bruce I can still develop on the two following points.
This is because they exaggerate the flight times significantly. A flight that takes 50 minutes will be advertised as 1hour 15 minutes.
There are few lost bags because most people aren't stupid enough to pay the extortionate rates for baggage. On a 50 minute short-haul return flight this Winter, I had to cough up £40 for baggage, as I was unable to avoid it!
Good on-time performance
Few lost bags.
Few lost bags.
There are few lost bags because most people aren't stupid enough to pay the extortionate rates for baggage. On a 50 minute short-haul return flight this Winter, I had to cough up £40 for baggage, as I was unable to avoid it!
Join Date: Jun 2011
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Ryanair har efectiva este viernes la cancelacin de 31 vuelos con Alicante - ABC.es
looks like FR cuts will last next summer with only some of the dropped routes restarting.
looks like FR cuts will last next summer with only some of the dropped routes restarting.
Join Date: May 2011
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Ryanair accounts/ clarity/ subsidy/ Spain
In early October the Spanish Consejo Nacional de Competición (CNC), the government body in charge of competition published a report on airline subsidies in the 5 year period 2007- 2011 which included many intriguing statistics, though for some reason it excluded Spanair´s current massive subsidy from the Catalan Government
It quoted 250m euro as the total direct subsidy in that period.
It said that Air Nostrum was the biggest beneficiary and Ryanair was the second.
It commented casually that some/ many/ most of the payments were in flagrant disregard of EU regulations.
(Sorry, my "new" configuration of Windows does not let me post links as I used to, but if you Google "cnc subvención Ryanair" you´ll get some of the detals.)
Elsewhere in early August, El País newspaper quoted figures for the row between Ryanair and Catalonia at Girona based on a current annual subsidy of 7m euro with a claim for 15m euro by MOL and an offer of 7.5m euro next year by Catalonia. Deadlock and Ryanair have cut back massively at the end of this week.
It also quoted Spain as accounting for 36% of Ryanair traffic; a two edged sword at the end of the day, I would think.
(It was reported elsewhere that the legal details of the deal between Ryanair and Catalonia at Reus specified that only if Ryanair fell below 50% of its passenger quota were the Catalans allowed to stop paying !)
Is it true that although Frau Merkel is travelling to Brussels by plane tomorrow, the dosh for the continued Ryanair subsidies is so weighty that it will come overland in ten Mercedes Benz pantechnicon trucks to be handed over to the so called LCC as soon as the deal on banks, on the 60%+ Greek default and on size of further bail out funds is struck ?
Will the German electorate agree to swop the euro in the pantechnicons for DM, I wonder, should the euro go belly up when markets open on Thursday morning ?
It quoted 250m euro as the total direct subsidy in that period.
It said that Air Nostrum was the biggest beneficiary and Ryanair was the second.
It commented casually that some/ many/ most of the payments were in flagrant disregard of EU regulations.
(Sorry, my "new" configuration of Windows does not let me post links as I used to, but if you Google "cnc subvención Ryanair" you´ll get some of the detals.)
Elsewhere in early August, El País newspaper quoted figures for the row between Ryanair and Catalonia at Girona based on a current annual subsidy of 7m euro with a claim for 15m euro by MOL and an offer of 7.5m euro next year by Catalonia. Deadlock and Ryanair have cut back massively at the end of this week.
It also quoted Spain as accounting for 36% of Ryanair traffic; a two edged sword at the end of the day, I would think.
(It was reported elsewhere that the legal details of the deal between Ryanair and Catalonia at Reus specified that only if Ryanair fell below 50% of its passenger quota were the Catalans allowed to stop paying !)
Is it true that although Frau Merkel is travelling to Brussels by plane tomorrow, the dosh for the continued Ryanair subsidies is so weighty that it will come overland in ten Mercedes Benz pantechnicon trucks to be handed over to the so called LCC as soon as the deal on banks, on the 60%+ Greek default and on size of further bail out funds is struck ?
Will the German electorate agree to swop the euro in the pantechnicons for DM, I wonder, should the euro go belly up when markets open on Thursday morning ?
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Bulgaria: Ryanair Cancels 2 Plovdiv Routes - Novinite.com - Sofia News Agency
BGY - PDV - dropped form 15 November. Hahn still on sale so far.
Low cost airline carrier Ryanair has cancelled its regular flights between the second largest Bulgarian city of Plovdiv and Milano.
Ryanair will not launch regular flights from Plovdiv to Frankfurt as it was initially announced, either, Plovdiv Airport's CEO Doychin Angelov told the Bulgarian Darik radio.
"I received an unofficial e-mail an hour ago, I expect the official confirmation tomorrow, " Angelov explained.
"I hope they at least keep the regular flights to Germany, since this destination attracts a lot of interest," he added.
The routes have been dropped due to the Plovdiv's municipality's failure to pay a tax worth BGN 180 000 to the Plovdiv Airport's development fund, according to Angelov
Ryanair will not launch regular flights from Plovdiv to Frankfurt as it was initially announced, either, Plovdiv Airport's CEO Doychin Angelov told the Bulgarian Darik radio.
"I received an unofficial e-mail an hour ago, I expect the official confirmation tomorrow, " Angelov explained.
"I hope they at least keep the regular flights to Germany, since this destination attracts a lot of interest," he added.
The routes have been dropped due to the Plovdiv's municipality's failure to pay a tax worth BGN 180 000 to the Plovdiv Airport's development fund, according to Angelov
Join Date: Oct 2011
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Thanks LGS6753. A very informative and reasoned reply. I see what you say, the point I missed is SERVICE. I am treating Ryanair as a factory, I have a certain capacity (routes x schedule x aircraft size) and I make money by putting bums on seats. I maximise profits by cutting overhead, coming up with strategies to increase prodcutivity (minimse turn arround times by not having bags etc) and thinking of ways to fill setas. Yep, sevice doesnt have to be a part of any of this - hence the polarised views. NorthernCounties, yes, at 40 euros it would discourage me from checking a bag - however, again, isnt this just a tad genius (form a business point a view) as well? Less baggage, less hassle, less losses, quicker turnarround - again , no service though. Also on the flight times, dont airlines always do that? I do Sydney / Melbourne a lot with Qantas - its is normaly about 1 hr 15 mins flying yet the schedule is more like 1 hr 35 mins - is this usual? Thanks again for your help. I am actually going to consder the role of service in the airline industry. It would appear that if an airline positions itself as super low cost (race to the bottom) then passengers, whilst they may moan, will accept this and still fly in huge numbers. As for the staff, i guess there is always someone willing to do a job at a certain price. Do Ryanair struggle to recruit pilots and cabin crew? Or is it all outsourced as you say?
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Ryanair are only going to get to 400 million euro profit it they can keep up load factors and rise fares a lot. Also 400m euors is not the same a £400m in the real world.
what they said at q1 results - q2 results are due on 7th dec
what they said at q1 results - q2 results are due on 7th dec
Our outlook for the remainder of the year remains unchanged. We anticipate traffic in FY12 will grow by 4% comprising 10% growth in H1, and then fall by approx. 4% in H2 due to already announced winter capacity cuts. We expect average fares in FY12 to rise by up to 12% due to the better mix of new routes and bases, our winter capacity cuts, higher competitor fares and fuel surcharges. We anticipate Q2 yields will rise by 12% to 15%. We expect operating costs per passenger for FY12 to rise by 13% due to higher oil prices. Excluding fuel, sector length adjusted unit costs should rise by just 2% mainly due to Eurocontrol, Dublin airport, and staff cost increases. With very limited visibility on H2 bookings or yields at this time, our full year guidance remains unchanged as we expect profit after tax for FY12 to be similar to the FY11 result of €400m.
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Ryanair are only going to get to 400 million euro profit it they can keep up load factors and rise fares a lot. Also 400m euors is not the same a £400m in the real world.
what they said at q1 results - q2 results are due on 7th dec
what they said at q1 results - q2 results are due on 7th dec