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Ryanair Announces Q1 Profit Increase Of 21%  
User currently offlineKL911 From Czech Republic, joined Jul 2003, 5126 posts, RR: 12
Posted (10 years 2 weeks 5 days 4 hours ago) and read 2739 times:

Ryanair, Europe’s No. 1 low fares airline, today (Tuesday, 3rd August 2004) announced record profits for Q1 ended 30 June 2004 of €53.1m. Passenger volumes grew by a record 28% to 6.6m passengers whilst yields declined by 6% during the quarter and, as a result, total revenues rose by 23% to €302.8m. Unit costs fell by 4% and in turn the net margin after tax remains stable at an industry leading 18%.

Announcing these results, Ryanair’s Chief Executive, Michael O’Leary said:

“These record quarterly results reflect the continued disciplined roll out of Ryanair’s low fares model. Passenger volumes grew by 28% to 6.6m in the quarter and we carried more passengers in 3 months than the total traffic carried by Aer Lingus in a full year. Our two new bases at Rome Ciampino and Barcelona Girona have performed particularly well. Ryanair’s strong performance is also reflected in the recent increases in monthly traffic and load factors.

“Yields were 6% lower than last year, a decline that was towards the lower end of our -5% to -10% guidance. Our forward yield guidance remains unchanged. In Quarter 2 we anticipate a yield decline of between –5% to -10%. Next winter, we expect the yield decline to be in the –10% to – 20% range as chronically loss making competitors will continue to dump prices, resulting in even more airline casualties this winter.


Yeah, Go Ryanair!!  Laugh out loud




12 replies: All unread, jump to last
 
User currently offlineHorus From Egypt, joined Feb 2004, 5230 posts, RR: 59
Reply 1, posted (10 years 2 weeks 5 days 4 hours ago) and read 2717 times:

Despite all the bashing they get on this forum for their 'bad' service, they still manage to achieve even higher profits.

Kudos to Ryanair


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Horus




EGYPT: A 7,000 Year Old Civilisation
User currently offlineAirblue From San Marino, joined May 2001, 1825 posts, RR: 11
Reply 2, posted (10 years 2 weeks 5 days 2 hours ago) and read 2671 times:

However Yields were 6% lower than last year....



User currently offlineJGPH1A From , joined Dec 1969, posts, RR:
Reply 3, posted (10 years 2 weeks 5 days 2 hours ago) and read 2660 times:

I wonder if FR aren't on to a cunning plan with these 1p seats they offer. One of the big problems normal airlines face when offering deep discounts, is brand dilution. You don't want your regulars who stump up your higher fares to down-sell and buy your cheaper products. FR's yield management dictates that as the flight fills up, the seats get more expensive. By offering lots of their seats at these insanely low prices, FR is able to sell tickets to people who would otherwise not have flown at all. Once these Neds have bought their 1p tickets, usually 5 minutes after the flight opens for sale, FR bumps the price of the remaining seats up according. So the people who would have flown anyway, by the time they get round to booking, are stuck with the EUR100.00 o/w fares - because they are not discretionary travellers, they book the flight anyway. Pretty smart - you end up with 100 people on board, 50 of whom paid 1p and 50 of whom paid EUR100 (ie. EUR5000.50) instead of 50 people on board (who would have travelled anyway), who would have paid paid only EUR25.00 if the discretionary chancers hadn't booked first (ie. EUR2500 for the flight).

User currently offlineTeva From France, joined Jan 2001, 1871 posts, RR: 16
Reply 4, posted (10 years 2 weeks 5 days ago) and read 2618 times:

For sure, training cost for the crew didn't reduce their profit....
http://news.scotsman.com/latest.cfm?id=3284685

Teva



Ecoute les orgues, Elles jouent pour toi...C'est le requiem pour un con
User currently offlineGKirk From UK - Scotland, joined Jun 2000, 24923 posts, RR: 56
Reply 5, posted (10 years 2 weeks 4 days 23 hours ago) and read 2611 times:

"Once these Neds have bought their 1p tickets, usually 5 minutes after the flight opens for sale, FR bumps the price of the remaining seats up according"

Neds? Unlike the fools that fly on the likes of BA then?  Big grin Nowt wrong with the 1p fares  Big grin

"Passenger volumes grew by 28% to 6.6m in the quarter and we carried more passengers in 3 months than the total traffic carried by Aer Lingus in a full year."
I would hope so, considering that EI is focussed mainly on 1 base and FR has several



When you hear the noise of the Tartan Army Boys, we'll be coming down the road!
User currently offlineKL911 From Czech Republic, joined Jul 2003, 5126 posts, RR: 12
Reply 6, posted (10 years 2 weeks 4 days 23 hours ago) and read 2597 times:

TEVA,

Why quote an accident which happened long time ago? ( February 27, 2002)

I might as well bring up the BA tragedy : A crosswind had worsened the situation on an on-fire British Airways’ Boeing 737 at Manchester airport in 1985 when 55 people died.

That doesn't mean BA's training costs are low, is it?

KL911


User currently offline7LBAC111 From United Kingdom, joined Jul 2004, 2566 posts, RR: 35
Reply 7, posted (10 years 2 weeks 4 days 23 hours ago) and read 2588 times:


Everyone seems to forget however, that the strong year-on-year growth figures were flattered by the fact that a year ago Ryanair bought its faltering rival Buzz, sustaining substantial restructuring costs which weakened that quarter's results.




Debate is what you put on de hook when you want to catch de fish.
User currently offlineJGPH1A From , joined Dec 1969, posts, RR:
Reply 8, posted (10 years 2 weeks 4 days 23 hours ago) and read 2578 times:

Re: Nowt wrong with the 1p fares

Certainly not, if you wish to fly to Bjüttfjøk, Sweden and take a 3 hour bus ride to the nearest pub  Smile/happy/getting dizzy


User currently offlineDiesel1 From UK - Wales, joined Mar 2001, 1637 posts, RR: 11
Reply 9, posted (10 years 2 weeks 4 days 22 hours ago) and read 2567 times:

Thank you Teva for providing a link to a newspaper story on this Ryanair incident. Nice attempt at a bit more Ryanair bashing, but let's look at the facts...

A full, accurate, and completely unbiased report of what happened, is found at the following http://www.dft.gov.uk/stellent/groups/dft_avsafety/documents/page/dft_avsafety_029538.hcsp

This is an interesting read as it draws a comparison when reviewing events to the British Airtours tragedy at Manchester.

It points out a number of shortcomings with the evacuation and also the general handling of the situation - it is worth noting that it states that Ryanair's training met JAR-OPS requirements.
Of the four safety recommendations made as a result of the incident, three are directed to the CAA and one to the Irish CAA & JAA.

Read the AAIB report completely and carefully, and then compare it with the Scotsman.com report.
You'll see that the Scotsman.com report omits a number of points and thus by implication points the finger of blame somewhat more at Ryanair than the AAIB do.

Draw your own conclusions...




I don't like signatures...
User currently offlineTeva From France, joined Jan 2001, 1871 posts, RR: 16
Reply 10, posted (10 years 2 weeks 4 days 22 hours ago) and read 2565 times:

KL911,
I know it is an old incident.
I can read, thank you.
However, this article is recent (posted yesterday) because the report has just been published.
And the report points the deficiencies of Ryanair in terms of training .
Teva



Ecoute les orgues, Elles jouent pour toi...C'est le requiem pour un con
User currently offlineKL911 From Czech Republic, joined Jul 2003, 5126 posts, RR: 12
Reply 11, posted (10 years 2 weeks 4 days 22 hours ago) and read 2561 times:

Teva,

'''And the report points the deficiencies of Ryanair in terms of training .'''

The Newspaper article does, but we know how journalists are. The official AAIB report doesn't.

KL911



User currently offlineDiesel1 From UK - Wales, joined Mar 2001, 1637 posts, RR: 11
Reply 12, posted (10 years 2 weeks 4 days 22 hours ago) and read 2559 times:

Teva... internationally recognised standards of training...

7LBAC111 - a good point, but shouldn't you have credited the BBC when you made it ?  Big grin
http://news.bbc.co.uk/1/hi/business/3530006.stm



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