Since when has Ryanair been "Europe's Largest Airline" -PPrune Advertising Banner

[frazhm]

I am intrigued as to when MOL became the boss of "Europe's Largest Airline" I know he has a tendancy towards the blarney but this is surprisingly unambiguous. Or does he mean his is the largest airline at some of the more obscure airports Ryanair fly to????

Whatever you think about the guy and his company -it keeps these pages goin whether we like it or not!!

<img src="confused.gif" border="0"> <img src="confused.gif" border="0"> <img src="confused.gif" border="0"> <img src="confused.gif" border="0">

[Findo]

Could be something to do with market capitalisation. I think the recent figures showed their figures were bigger than any others in Europe.

[Hudson Bay]

The guy is Irish! Need I say more?

[hobie]

think the market value is indeed the basis of the statement ....... Ryanair is presently valued at aprox 1.5 x the value of BA ...... guess that makes it fairly big! .....

updated for Feb. 10th valuations (report date). .MKT CAP in STG (millions). .BA - 2120. .Ryanair - 2938

("Big" as used above is probably the wrong word - "valuable" is probably a better choice)

[ 14 February 2002: Message edited by: hobie ]</p>

[Steepclimb]

It all depends on just how much of a pedant you are. Just how do you define larger and bigger?. .BA is bigger than Ryanair but Ryanair is worth more that BA. Does that make it larger? Certainly more valuable. . .Well we know what they mean and the way things are going there will only be one airline in Europe soon, with a mostly blue livery. The question is which one??. .Bigger or larger?

[simbad3000]

Whilst it may be true that Ryanair's market capitalisation of GBP 3.14 bn is greater than British Airways' GBP 2.16 bn, try to remeber that little European airline called Lufthansa with a market capitalisation of GBP 3.94 bn. <img src="wink.gif" border="0">

[frazhm]

I think Churchill had it right about statistics- “lies, damn lies etc... “Ryanair is NOT the largest airline in Europe.

I seem to recall last year the ludicrously high "paper" value of "tech" companies. At one stage didn't Amazon.com supposedly have a higher value than Boeing!!!!

Is this an example of MOL using statistics to suit his purpose? I suspect so.. .On the majority of criteria:- number of employees/aircraft/routes/RPK/ASK/turnover or even in-flight coffee makers (ha-ha!!)- Ryanair is still a minnow.

At the moment no-frills carriers are enjoying a surge in business based on the perceived public premise that they are always cheaper than the traditional opposition, but as we see on numerous other threads this is not always the case. I do feel that this bubble will burst and until then we are left with the preposterous banner at PPrune

. . <img src="eek.gif" border="0"> <img src="eek.gif" border="0"> <img src="eek.gif" border="0"> <img src="eek.gif" border="0"> <img src="eek.gif" border="0"> <img src="eek.gif" border="0"> <img src="eek.gif" border="0">

[P Factor]

Hudson Bay: Yes you do need to say more. What are you on about?

[AiryFairy]

If Ryanair is "Europe's Largest airline" then BA must be "The World's Favourite airline".. .Yeah Right!. .We're pilots on this site - so bull**** repellant comes as standard issue - doesn't it?

"P Factor" - Here's a good idea; why not change the subject of this thread completely and have a long and pointless discussion about the perceived qualities of the Irish. Lets start with:- "MOL is a typical Irishman - always ready to start a fight and tells the truth like a dockyard clock".. .Go on pick this up and run with it; it will be really interesting - not!

[ 15 February 2002: Message edited by: AiryFairy ]</p>

[hobie]

want to start a row? ..... just mention "Ryanair" ...... it works every time .....

[flypastpastfast]

Market capitalisation - as fickle as the UK weather. Remember the Dot coms.

Usual Ryanair piffle.

[ElNino]

Frazhm:. .Ryanair may be a minnow in terms of employees (and cost structures in general) compared to BA, which may explain why it is more valuable.. .They also carry more pax out of London airports than BA do. . .Comparing Ryans market value to the market value of tech companies during the dot com boom is ridiculous. Tech companies had no profits and no assets. Ryanair has massive profits and big solid chunks of aluminium called aircraft. . .The reason people perceive the low co's they're the cheapest is their hugely successful advertising. EI have now launched a low cost ad campaign, which is changing perceptions. However BA's latest campaign is not likely to appeal to the low fare customer. No, or wrong, advertising will result in anyone being taken to the cleaners.

Hudson Bay:. .Please continue...

[frazhm]

ElNino

Although I do not have the figures to hand, and I have not got the time to research it, but I find it difficult to believe that FR carries more pax out of EGSS/EGGW/EGKK than BA carries out of EGLL/EGKK.

Am I right, or can you prove me wrong?

<img src="confused.gif" border="0"> <img src="confused.gif" border="0"> <img src="confused.gif" border="0">

[SIMDATE]

Frazhm you know what you're right old bean the bubble will burst…. Ryanair never have the fares quoted so how do they get people to fly with them? They have grown their traffic from 1M pax in 1992 to 10M in 2002 – that’s a lot of pissed off people who thought they were going to get a £9 fare but in fact were coerced into paying say £ 109.

FR’s plan according to your well-researched thesis is to hoodwink the rest of Europe over 40M pax in the next 8 years. That’s a lot of dumb people travelling to out of town airports to fly on non existent low fares.

Sorry to burst your bubble Frazham – you give Fr more credit than they deserve – they’re running an airline not a magic show.

[ 15 February 2002: Message edited by: SIMDATE ]</p>

[Justforkix]

I'm just waiting for the balloon to burst.

[ 15 February 2002: Message edited by: Justforkix ]</p>

[Pete.S]

Just looked out in the street and saw two vehicles. One was a Porsche and the other a 15 year old 7.5 tonne van. No matter how long I look at them I still can't seem to make the Porsche look bigger than the van, even if it is worth more

[jsf]

Pete S

Nice analogy. If you follow it through to its logical conclusion then I assume that this means that although Ryanair hasn't got the same carrying capacity as BA they get you there in more style and comfort and a lot faster than BA.

Now I am confused

<img src="confused.gif" border="0">

[hobie]

I was told by a very influential guy in the Airline Business, who really knows what's going on, ..... . ."Ryanair will be "on the ground within a year !!!!!" . . . .(this was at least ten years ago)

[Ireland's Call]

Err, guys there's no big mystery about Market Capitalisation you know, it's ctually quite simple, so for those with slow brains, it is the share price multiplied by the number of shares issued. It's not a subjective financial statement but simple financial fact, so if FR's Mkt Cap is bigger then BA's, then it's bigger then BA's! There's nothing dishonest or "dodgy" about it!

Some of you should rally get out more, your obsession with Ryanair is comical.

[mainfrog2]

I think the constant need to respond to sniping about ryanair is also just as comical. If it's all perfect then ignore them.