Ryanair Cost-cutting?
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Options not shares. We are given an option each year to buy shares at a fixed price in 5 years time. The options I have received in the last two years are priced above the current share price, so I am in the red on paper.Iif the share price doesn't improve they are worthless. One final point, the granting of options is based on a 25% improvement on profits year on year, this year the profit won't improve by 25%, so next year there probably won't be any options granted.
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Actually it was an educated guess based on reading the notes to the financial statements. Granted I am an accountant by day wannabee ATPL studier by night so I have a head start in understanding what the jargon means 
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just curious, why has no one started, dare i say the word but some sort of union, or if not some sort of pilot body. i am not for a militant union. but surely something does need to be done, i think that MOL will dangly the carrot of a pay freeze or pay for own unifrom etc. but if there was some sort pilot body this would not have to be the case. i am not involved with aviation in europe, but this would effect every pilot world wide, if ceo,s see ryanair doing this, then i am sure they will try it themselves. LLC are now a fact of life everywhere so do not think that i am against ryanair, have flown with them and the product is not bad, considering the cost of the ticket, but paying for your own unifrom etc. surely this is taking it to far. as was said in a previous post it is not as if pilots and cabin crew received heaps of coin when the going was good was why except a pay freeze when things are not? 
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Och, .. would ye leave poor MO'L be, Hasne just paid €24m in PERSONAL tax into the Government coffers... he's a good lad !
(Better than some who fek off to Portugal to avoid paying, only to get stung there... har, har... !)
@20% tax rate, or even 40% you can work out his annual income, sure dose'nt he just have to make cut-backs to keep HIS living standards at a constant climb ! poor lamb....
(Better than some who fek off to Portugal to avoid paying, only to get stung there... har, har... !)
@20% tax rate, or even 40% you can work out his annual income, sure dose'nt he just have to make cut-backs to keep HIS living standards at a constant climb ! poor lamb....
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I notice 'coconuts' is involved in the computer industry. Isn't this the Professional Pilot's Rumour Network?
There seem to be lots of failed/would be pilots passing judgement here pretending to be experts but are only involved in the industry when they buy a ticket and fill out their Jet Club log books with a signature from the guys up front.
Please keep your amateur views to the amateur sites and let the professionals get on with it!
There seem to be lots of failed/would be pilots passing judgement here pretending to be experts but are only involved in the industry when they buy a ticket and fill out their Jet Club log books with a signature from the guys up front.
Please keep your amateur views to the amateur sites and let the professionals get on with it!
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The thread is about FR costcutting and how it affects not just FR crews but the entire professional industry. Therefore idiotic comments from individuals with no inside knowledge who do not rely on their airline job to pay their mortgages should be kept to minimum! (Only my humble opinion).
PS You'd LOVE to get a job with my outfit but sorry, you can't with a PPL!
PS You'd LOVE to get a job with my outfit but sorry, you can't with a PPL!
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Which thread have you been reading? I could have sworn that it had degenerated into a FR bashing session and had benefitted by some non professional aviators providing balance and correcting some of the errors being posted. If correcting people is idiotic then sorry for that. I am sure your outfit is great...it was a certain crew member I was eluding to.
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Therefore idiotic comments from individuals with no inside knowledge who do not rely on their airline job to pay their mortgages should be kept to minimum!
Its been a while since someone popped up with the "this site should be for real pilots only" rant.
Plaything of fine moderators everywhere
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srjumbo - I've just had a quick squiz at your other 19 posts and see a common thread. You berate posters for their poor English, look down on non-professionals and generally behave like the kind of bloke I always avoid talking to in my local. I sincerely hope you leave that kind of attitude at home when you're on duty.
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MOL IN ONE ACTION HAS WRENCHED THE HEART OUT OF THE COMPANY.MORALE AMONG ALL EMPLOYEES (ESP. PILOTS) IS ROCK BOTTOM.
MOL ALWAYS SAID HE DID NT GIVE A S*** ABOUT LOYALTY AND NOW I THINK THAT EVERYONE UNDERSTANDS THAT.
RECENTLY,PEOPLE IN THE COMPANY A LONG TIME ARE OPENLY TALKING BOUT LEAVING.
I PRESUME HE'S GOT A BATCH OF CHEAP ONES TO REPLACE THEM BECAUSE HE SHOULD EXPECT THIS.
RYANAIR ALWAYS PAID THE PILOTS WELL TO WORK HARD, NO PAY, THEY WONT WORK THERE AND WILL LEAVE.
ALL BASES SHOULD STICK TOGETHER AND FIGHT THIS.
THERE MUST BE A WILLIAM "O"WALLACE IN THER SOMEWHERE WHO CAN UNITE THE CLANS.
MOL ALWAYS SAID HE DID NT GIVE A S*** ABOUT LOYALTY AND NOW I THINK THAT EVERYONE UNDERSTANDS THAT.
RECENTLY,PEOPLE IN THE COMPANY A LONG TIME ARE OPENLY TALKING BOUT LEAVING.
I PRESUME HE'S GOT A BATCH OF CHEAP ONES TO REPLACE THEM BECAUSE HE SHOULD EXPECT THIS.
RYANAIR ALWAYS PAID THE PILOTS WELL TO WORK HARD, NO PAY, THEY WONT WORK THERE AND WILL LEAVE.
ALL BASES SHOULD STICK TOGETHER AND FIGHT THIS.
THERE MUST BE A WILLIAM "O"WALLACE IN THER SOMEWHERE WHO CAN UNITE THE CLANS.
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about the shares
only pilots and cabin crew that have been with FR pre-1997
could cash their shares last year (when the price was up)
The majority of the pilots are from recent years with the expansion of the fleet i.e they can start exercising their options from 2004 and onwards
only pilots and cabin crew that have been with FR pre-1997
could cash their shares last year (when the price was up)
The majority of the pilots are from recent years with the expansion of the fleet i.e they can start exercising their options from 2004 and onwards
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William where are you now?
Well a lot of things have been said over the last couple of weeks.
I just read in a Scandinavian news paper, that MOL is expecting a large turnover this year!!! (1.5 billion kr.).
I do not like the word; “strike” – but it comes to mind. The word was used frequently 4 years ago, when we were negotiating our famous 5 year agreement. Unfortunately we are missing a certain captain from Dublin these days.
Over the years strike, hasn’t been the best way of negotiation (Sabena), and it shall only be used as the last resort! But, if there is no negotiation and only a one way communication……
NIMBLE brings out a very interesting thought by saying; “THERE MUST BE A WILLIAM "O"WALLACE IN THER SOMEWHERE WHO CAN UNITE THE CLANS”….
I think that’s a brilliant idea.
We used to have a working ERC…..It is reduced to nearly nothing! No offence to the captain trying to do his job in the ERC, but we do not see any results – or am I blind?
I think the company by now should know that most of the workforces aren’t happy anymore. Most of my colleagues are looking for something else. Captains are applying for TRE/TRI positions just to be able to get another job – this is not the right way…
I just read in a Scandinavian news paper, that MOL is expecting a large turnover this year!!! (1.5 billion kr.).
I do not like the word; “strike” – but it comes to mind. The word was used frequently 4 years ago, when we were negotiating our famous 5 year agreement. Unfortunately we are missing a certain captain from Dublin these days.
Over the years strike, hasn’t been the best way of negotiation (Sabena), and it shall only be used as the last resort! But, if there is no negotiation and only a one way communication……
NIMBLE brings out a very interesting thought by saying; “THERE MUST BE A WILLIAM "O"WALLACE IN THER SOMEWHERE WHO CAN UNITE THE CLANS”….
I think that’s a brilliant idea.
We used to have a working ERC…..It is reduced to nearly nothing! No offence to the captain trying to do his job in the ERC, but we do not see any results – or am I blind?
I think the company by now should know that most of the workforces aren’t happy anymore. Most of my colleagues are looking for something else. Captains are applying for TRE/TRI positions just to be able to get another job – this is not the right way…
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Hi Scandinavian.
Very fitting choice of heroic icons!
Have you seen the movie 'Braveheart'?
If you did, you'll remember what happened to William Wallace at the end...he was hanged drawn and quartered while the peasants he stood up for looked on in silence.
Does that remind you of what happened to that 'Dublin Captain'?
And you seriously think anyone else would put their neck on the block for a bunch of spineless self servers like that again?
Dream on.
Very fitting choice of heroic icons!
Have you seen the movie 'Braveheart'?
If you did, you'll remember what happened to William Wallace at the end...he was hanged drawn and quartered while the peasants he stood up for looked on in silence.
Does that remind you of what happened to that 'Dublin Captain'?
And you seriously think anyone else would put their neck on the block for a bunch of spineless self servers like that again?
Dream on.
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the way to go forward is getting as many people involved as possible. multyple groupings dealing with specific areas and all reporting to one commitee.spreading the risk and responsibility as such.this is what was put forward before and the management did nt like it one bit.
UNITE THE CLANS
UNITE THE CLANS
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Unite the clans
Despite the humor, we are a lot who think that Nimble has got it right....
Nimble, I have just send you a private message...
The philosophy of the management should be, that to be a successful company, you must balance three crucial elements: Satisfied customers, satisfied employees and satisfied owners. If one of these elements fail, the company's long term success is in danger.
Nimble, I have just send you a private message...
The philosophy of the management should be, that to be a successful company, you must balance three crucial elements: Satisfied customers, satisfied employees and satisfied owners. If one of these elements fail, the company's long term success is in danger.
Last edited by Scandinavian; 23rd Apr 2004 at 10:11.