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Ryanair's Profits Rise 24% To Record €408M!  
User currently offlineKL911 From Czech Republic, joined Jul 2003, 5133 posts, RR: 12
Posted (6 years 10 months 14 hours ago) and read 3070 times:

P@erson, come back soon please!

meanwhile:

http://www.ryanair.com/site/EN/news....r=07&month=nov&story=reg-en-051107


RYANAIR’S HALF YEAR PROFITS RISE 24% TO RECORD €408M

RAISES FULL YEAR GUIDANCE TO €470M.


Ryanair, Europe’s largest international airline, today (5 November) announced record half year after tax profits of €408m, a 24% increase over last year. Traffic grew by 20% to 26.6m and yields fell by 1% as revenues rose by 24% to €1,554m. Unit costs increased by 5%, mainly due to higher fuel, staff, and airport costs. Despite these higher costs, Ryanair maintained an industry leading after tax margin of 26%.



RYANAIR’S PROFITS RISE 24% TO RECORD €408M




KL911

[Edited 2007-11-05 11:18:52]

34 replies: All unread, showing first 25:
 
User currently offlineKL911 From Czech Republic, joined Jul 2003, 5133 posts, RR: 12
Reply 1, posted (6 years 10 months 14 hours ago) and read 3050 times:

And to all you FR bashers, a 20% increase in passenger numbers means they're not as bad as some of the spoiled business class kids here make it sound.....


Announcing these results Ryanair’s CEO, Michael O'Leary, said:

“These record profits reflect a 20% growth in passenger volumes, a 1% decline in yields, and strong ancillary growth. Ancillary revenues grew by 54% to €252m, due to improved penetration of car hire, hotels, travel insurance, as well as strong onboard sales and excess baggage revenues. Ancillaries now account for just over 16% of total revenues as we make steady progress towards our 20% target. Our inflight mobile phone service will be tested on 25 aircraft before the end of March 2008 which will allow passengers to make and receive calls and texts on their mobile phones and blackberrys.




And to be honoust, even executives of my biggest business clients book FR every now and then on easy point to point routes.

KL911


User currently offlineDelta777Jet From Germany, joined Jun 2000, 1259 posts, RR: 3
Reply 2, posted (6 years 10 months 12 hours ago) and read 2921 times:

affordable and almost always on time or earlier than scheduled, perfect !


Fly easyJet
User currently offlinePlaneHunter From Germany, joined Mar 2006, 6760 posts, RR: 77
Reply 3, posted (6 years 10 months 12 hours ago) and read 2900 times:

Quoting KL911 (Reply 1):
And to all you FR bashers, a 20% increase in passenger numbers means they're not as bad as some of the spoiled business class kids here make it sound.....

Get over it - FR may attract many pax, but it doesn't work for anyone. No need to start pre-emptive attacks at all those who criticize the carrier or prefer to fly others.  Yeah sure

Quoting KL911 (Reply 1):
And to be honoust, even executives of my biggest business clients book FR every now and then on easy point to point routes.

Why wouldn't they?


PH



Nothing's worse than flying the same reg twice!
User currently offlineKL911 From Czech Republic, joined Jul 2003, 5133 posts, RR: 12
Reply 4, posted (6 years 10 months 12 hours ago) and read 2876 times:

Quoting PlaneHunter (Reply 3):
Get over it - FR may attract many pax, but it doesn't work for anyone

Works perfectly for me, my friends and my family... So please speak for yourself. I´m very happy FR made aviation the way it is now.


User currently offlineTugger From United States of America, joined Apr 2006, 5523 posts, RR: 8
Reply 5, posted (6 years 10 months 12 hours ago) and read 2858 times:

I don't know ANY airline executive that could or would complain about €408m in PROFIT! I mean, my god, that is amazing! Way more that Southwest, RyanAir's muse. I can't see how any airline would be able to resist the move "down class" with profits like this. And how does this do for people who claim that F class passengers are the most important? Sounds like coach makes a lot of money and maybe actually supports an airline.

Tug



I don’t know that I am unafraid to be myself, but it is hard to be somebody else. -W. Shatner
User currently offlinePlaneHunter From Germany, joined Mar 2006, 6760 posts, RR: 77
Reply 6, posted (6 years 10 months 12 hours ago) and read 2832 times:

Quoting Tugger (Reply 5):
Sounds like coach makes a lot of money and maybe actually supports an airline.

That depends on the business model.


PH



Nothing's worse than flying the same reg twice!
User currently offlineTugger From United States of America, joined Apr 2006, 5523 posts, RR: 8
Reply 7, posted (6 years 10 months 11 hours ago) and read 2806 times:

Quoting PlaneHunter (Reply 6):
That depends on the business model.

Very true. But a business model that has half-year profits of €408m is hard to argue with.

Regardless, I am still impressed with it. What is so different between Ryan and SWA that leads to such whopping differences when they are in theory based on a similar business model (Yes, I know I am asking a loaded question)?

Tug



I don’t know that I am unafraid to be myself, but it is hard to be somebody else. -W. Shatner
User currently offlineDelta777Jet From Germany, joined Jun 2000, 1259 posts, RR: 3
Reply 8, posted (6 years 10 months 11 hours ago) and read 2797 times:

PlaneHunter: Nobody will force you to fly with Ryanair. You can continue to pay ridiculous prices for same or less comfort. In recent past, I paid thousands to get around and since a year or so, Ryanair is also serving the markets I need. Since then I have huge savings of 80 % and more and on my last 30 Ryanair flights, I had only one time a delay of 15 minutes. .

I like it very much to check-in online, drive to regional airport with online boarding pass and to walk 5 minutes to the gate to immediate board the plane which is of course on time. At some airports I can see my car from the aircraft window.

Sorry, but this is a great concept ! By the way I also like to purchase and select my own food on board.



Fly easyJet
User currently offlineKL911 From Czech Republic, joined Jul 2003, 5133 posts, RR: 12
Reply 9, posted (6 years 10 months 11 hours ago) and read 2786 times:

Quoting Tugger (Reply 7):
. What is so different between Ryan and SWA that leads to such whopping differences when they are in theory based on a similar business model

Ryanair:

Ancillary revenues grew by 54% to €252m, due to improved penetration of car hire, hotels, travel insurance, as well as strong onboard sales and excess baggage revenues. Ancillaries now account for just over 16% of total revenues as we make steady progress towards our 20% target.


KL911


User currently offlinePlaneHunter From Germany, joined Mar 2006, 6760 posts, RR: 77
Reply 10, posted (6 years 10 months 11 hours ago) and read 2724 times:

Quoting Delta777Jet (Reply 8):
Nobody will force you to fly with Ryanair. You can continue to pay ridiculous prices for same or less comfort.

Who says that I do? And no, "comfort" is not the only benefit that others have to offer.

Quoting Delta777Jet (Reply 8):
In recent past, I paid thousands to get around and since a year or so, Ryanair is also serving the markets I need.

When talking about your own personal situation you should also consider that there are other people in different personal situations...

Quoting Delta777Jet (Reply 8):
Sorry, but this is a great concept !

No doubt about that, but I still prefer the Southwest or jetBlue LCC models. Unfortunately, these are not available in Europe.


PH



Nothing's worse than flying the same reg twice!
User currently offlineAerohottie From Australia, joined Mar 2004, 801 posts, RR: 3
Reply 11, posted (6 years 10 months 11 hours ago) and read 2713 times:

Quoting Tugger (Reply 7):
Very true. But a business model that has half-year profits of €408m is hard to argue with.

SQ, BA, QF and CX would agrue with it....



What?
User currently offlineTugger From United States of America, joined Apr 2006, 5523 posts, RR: 8
Reply 12, posted (6 years 10 months 11 hours ago) and read 2694 times:

SQ, BA, QF and CX would agrue with it....[/quote]
Well according to SQ their half-year profit is only €445m.

From Yahoo finance:

Quote:
Wednesday October 31, 11:22 PM
Singapore Airlines' profit soars

Singapore Airlines (SIA) said Wednesday net profit soared 73.2 percent over the three months to September compared with a year ago due to buoyant travel demand.

But despite those fiscal second quarter figures SIA, the first airline to commercially operate the Airbus A380 superjumbo, said slowing economic growth had cast a cloud over prospects.

ADVERTISEMENT
Net profit totalled 507.8 million Singapore dollars (350.66 million US), up from 293.2 million dollars a year ago, the company said in a statement to the stock exchange.

Revenue rose 9.9 percent to 3.97 billion dollars from 3.61 billion dollars in the same period last year.

"Passenger demand from both business and leisure markets remained buoyant in the second quarter, pushing passenger load factor to 81.6 percent," the airline said.

For the six months to September, net profit was 931.9 million dollars, up 7.32 percent over the same period the previous year, on revenue of 7.59 billion dollars, up 8.0 percent.

SIA, one of the world's most profitable airlines, on October 25 became the first airline in the world to commercially operate the double-decker A380 when it launched a flight to Sydney and back.

It won good reviews for its luxurious and more spacious interior that includes private cabins with full-length beds.

But the airline said the outlook was challenging and could affect revenues.

"While advanced bookings are holding up, slowing economic growth sparked by tight credit markets and increasing volatility in financial markets cast a cloud of uncertainty over the strong revenue environment," it said.

"On the cost side, the price of fuel remains a significant variable for the second half of the year," it said, referring to surging oil prices.

SIA raised fuel surcharges on October 24 to partially offset an increase in jet fuel prices.

Its shares rose 20 cents to close at 19.60 dollars on Wednesday.

Which while more is not that much more, especially when you consider how much bigger they are and fleet costs.

Tug

[Edited 2007-11-05 14:25:58]


I don’t know that I am unafraid to be myself, but it is hard to be somebody else. -W. Shatner
User currently offlineKL911 From Czech Republic, joined Jul 2003, 5133 posts, RR: 12
Reply 13, posted (6 years 10 months 8 hours ago) and read 2605 times:

Quoting Tugger (Reply 12):
Which while more is not that much more, especially when you consider how much bigger they are and fleet costs.

People always forget that Ryanair is the largest European carrier. Ryanair also has way more planes then Singapore Airlines has. Ryanair has so much cash that they could easily buy BA-IB-AZ which are all loss making companies.

While BA has posted profits this year, that still doesn´t get them clear from their enormous debts. They have to lower their cost basis, the same as KL-AF and LH. Nobody needs C/class anymore for flights up to 4 or 5 hours. Most of the time those seats are the same anyway within europe.

The US can learn from that and throw First class out of the window. Something most US carriers don´t even offer transatlantic..

KL911


User currently offlineTdscanuck From Canada, joined Jan 2006, 12709 posts, RR: 80
Reply 14, posted (6 years 10 months 7 hours ago) and read 2575 times:

Quoting Tugger (Reply 7):
What is so different between Ryan and SWA that leads to such whopping differences when they are in theory based on a similar business model (Yes, I know I am asking a loaded question)?

Besides the ancillary revenues, as previously noted, Ryanair takes the no-frills approach far farther than Southwest does. Ryanair charges (and charges more, in many cases) for many services that are included in the ticket price on Southwest. They also run with a far leaner HR structure, a simpler fleet, and much shorter stage lengths. Ryanair also does not place any premium on customer service, which is a Southwest staple.

Tom.


User currently offlinePlaneHunter From Germany, joined Mar 2006, 6760 posts, RR: 77
Reply 15, posted (6 years 10 months 3 hours ago) and read 2521 times:

Quoting KL911 (Reply 13):
People always forget that Ryanair is the largest European carrier.

Since when exactly?

Quoting KL911 (Reply 13):
Ryanair also has way more planes then Singapore Airlines has.

Apples and oranges comparison.

Quoting KL911 (Reply 13):
Ryanair has so much cash that they could easily buy BA-IB-AZ which are all loss making companies.

While BA has posted profits this year, that still doesn´t get them clear from their enormous debts.

Having debts and making loss is a difference.

Quoting KL911 (Reply 13):
Nobody needs C/class anymore for flights up to 4 or 5 hours.

That's your personal opinion. Do you also want to tell people they don't need a BMW but a Seat for 10 to 30 minutes drives?

Quoting KL911 (Reply 13):
Most of the time those seats are the same anyway within europe.

Flying biz is not only about seats.

Quoting KL911 (Reply 13):
The US can learn from that and throw First class out of the window.

What exactly is the "US"?

Quoting KL911 (Reply 13):
Something most US carriers don´t even offer transatlantic..

There's a significant difference between domestic First and international First class...


PH



Nothing's worse than flying the same reg twice!
User currently offlineSevenair From United Kingdom, joined Feb 2001, 1728 posts, RR: 0
Reply 16, posted (6 years 9 months 4 weeks 1 day 23 hours ago) and read 2446 times:

Quoting KL911 (Reply 1):
And to be honoust, even executives of my biggest business clients book FR every now and then on easy point to point routes.

I love it when smart @ss people think they are clever flying with a full service airline via Heathrow. It takes 3 times a long, is twice the hassle and many times the cost. FR is a very smart choice for businesspeople. Even if you don't get those soggy sandwiches. And knowing you have more chance of arriving at your destination ontime (with your bags!) is surely the most important thing for a businessperson.


User currently offlinePlaneHunter From Germany, joined Mar 2006, 6760 posts, RR: 77
Reply 17, posted (6 years 9 months 4 weeks 1 day 23 hours ago) and read 2438 times:

Quoting Sevenair (Reply 16):
I love it when smart @ss people think they are clever flying with a full service airline via Heathrow. It takes 3 times a long, is twice the hassle and many times the cost. FR is a very smart choice for businesspeople. Even if you don't get those soggy sandwiches. And knowing you have more chance of arriving at your destination ontime (with your bags!) is surely the most important thing for a businessperson.

What I find amusing is that certain people here seem to think FR or other LCCs are the most convenient choice in general - it depends on many aspects whether airline A or airline B is the smartest choice for a traveler. That black-and-white-talk by pro-FR and anti-FR people is simply ridiculous.


PH



Nothing's worse than flying the same reg twice!
User currently offlineSevenair From United Kingdom, joined Feb 2001, 1728 posts, RR: 0
Reply 18, posted (6 years 9 months 4 weeks 1 day 22 hours ago) and read 2404 times:

Quoting PlaneHunter (Reply 17):
What I find amusing is that certain people here seem to think FR or other LCCs are the most convenient choice in general - it depends on many aspects whether airline A or airline B is the smartest choice for a traveler. That black-and-white-talk by pro-FR and anti-FR people is simply ridiculous.

Well, flying direct is way more convenient that switching once, or twice. And as my post clearly states, there are many other benefits of flying an LCC. As a businessperson, time is surely very precious. So, getting a plane direct from my local airport (NCL), going on one plane, and getting to my destination in just a couple of hours is great. No hassle of changing and wasted time. This is particularly true of easyJet at NCL - who fly to the main airports of many of the large cities on the mainland.

This is also true of KL, AF and LH all of who fly direct to majoy cities in their respective countries. Flying direct is way more convenient, it just happens that most direct routes to the mainland are on an LCC. So flying NCL-PRG, is way more convenient than flying NCL-XXX-PRG. There is also less chance of anything going wrong, such as a missed connection or lost bag.

Could you please define some of the many aspects of whether airline A or airline B is the smartest choice for a traveller?


User currently offlinePlaneHunter From Germany, joined Mar 2006, 6760 posts, RR: 77
Reply 19, posted (6 years 9 months 4 weeks 1 day 21 hours ago) and read 2360 times:

Quoting Sevenair (Reply 18):
As a businessperson, time is surely very precious. So, getting a plane direct from my local airport (NCL), going on one plane, and getting to my destination in just a couple of hours is great. No hassle of changing and wasted time. This is particularly true of easyJet at NCL - who fly to the main airports of many of the large cities on the mainland.

That's great if NCL is your home airport.

Quoting Sevenair (Reply 18):
Could you please define some of the many aspects of whether airline A or airline B is the smartest choice for a traveller?

Distance to airport (LCC airports are not necessarily closer), frequent flyer program involvement, fare flexibility, comfort and service (there are still airlines with resonable offerings in Euro biz class), destination and frequencies (e.g. easier re-bookings), customer care (in cases of diversion, cancelation, luggage loss etc.) are some aspects which may be more or less important.


PH



Nothing's worse than flying the same reg twice!
User currently offlineStrudders From United Kingdom, joined Dec 2004, 109 posts, RR: 0
Reply 20, posted (6 years 9 months 4 weeks 1 day 20 hours ago) and read 2314 times:

Quoting KL911 (Reply 13):
While BA has posted profits this year, that still doesn´t get them clear from their enormous debts. They have to lower their cost basis, the same as KL-AF and LH. Nobody needs C/class anymore for flights up to 4 or 5 hours. Most of the time those seats are the same anyway within europe.

Data from:

http://today.reuters.com/news/articl...ID=66144+02-Nov-2007+RNS&type=qcna


BA posted a £593 million (€ 853.581) Profit for the same period (this is pre tax not post)

There net Debt is £1.4 Billion (€ 2,015.20)

There net Cash is £1.8 Billion (€ 2,590.97)

with revenue for the 6 months of £3.9 Billion (€ 5,613.77)

BA's fuel bill is more that FR's revenue for the same period. 2.0 Billion (€ 2,878.86)

BA's revenue is nearly 5 times as much as FR whilst carrying a smaller amount of people.

FR and BA are two completely different business models. So please dont make out that BA or any of the other large european carriers are somehow inferior in both terms of cost base or product.

I know who I would like to travel to AMS or MLA on.

Its horses for courses.

However as much as it pains me well done FR and MOL (dam thats 2 things I have said nice about them this week)

Best Regards

Struds


User currently offlineKL911 From Czech Republic, joined Jul 2003, 5133 posts, RR: 12
Reply 21, posted (6 years 9 months 4 weeks 1 day 18 hours ago) and read 2234 times:

Update:


Ryanair anounced a growth in passenger numbers of 21% in October 07 compared to Oct.2006. It carried this month 4.42 million pax. Loadfactor grew as well to 85% average.

Source: (Dutch only, sorry..)

http://www.luchtvaartnieuws.nl/news/?ID=23053

KL911


User currently offlineJJJ From Spain, joined May 2006, 1817 posts, RR: 1
Reply 22, posted (6 years 9 months 4 weeks 1 day 18 hours ago) and read 2219 times:

Quoting KL911 (Reply 13):
BA-IB-AZ which are all loss making companies

IB is consistently posting profits for many years now.

Quoting PlaneHunter (Reply 10):
No doubt about that, but I still prefer the Southwest or jetBlue LCC models. Unfortunately, these are not available in Europe

Vueling is very much that, although they're far from healthy at the moment and don't serve any German or British destination.


User currently offlineKL911 From Czech Republic, joined Jul 2003, 5133 posts, RR: 12
Reply 23, posted (6 years 9 months 4 weeks 1 day 17 hours ago) and read 2204 times:

Quoting JJJ (Reply 22):
Quoting KL911 (Reply 13):
BA-IB-AZ which are all loss making companies

IB is consistently posting profits for many years now.

My excuses, you're right. I meant that they all have debts.

KL911


User currently offlineAisak From Spain, joined Aug 2005, 762 posts, RR: 10
Reply 24, posted (6 years 9 months 4 weeks 1 day 15 hours ago) and read 2119 times:

Quoting Sevenair (Reply 16):
FR is a very smart choice for businesspeople.

When you are really close to a FR airport and your business is close to a FR airports served non-stop from your FR airport.

Tell anyone in Bilbao to drive to SDR closest FR airport to fly to STN, go quickly from the arrivals hall to check-in for the second flight to GNB to finally get somehow to Lyon. He'll choose BIO-XXX-LYS on any legacy before FR no matter the cost.

And bear in mind that unless you live next to a FR base your choice of flights (and destinations) is rather limited

Quoting Sevenair (Reply 16):
And knowing you have more chance of arriving at your destination ontime (with your bags!) is surely the most important thing for a businessperson.

It's all about statistics yes. But sometimes the risk is way too high. Imagine getting up early on a Sunday morning to get to BVA at 7 am to check-in for your return flight to MAD suppossed to take off at 9 am. Imagine the inbound flight is delayed to any other airport (Lille or CDG) and FR doesn't even let you take the diverted flight from the other airport. Your only options are a refund or rebooking onto Tuesday or even Wednesday when you're supposed to be in Spain by Monday morning. That happened to 170 people on October 14th, and even it's only 1 out of 730 segments on the MAD-BVA-MAD runs I don't know how honorable is to say they add a 0,001% cancelation rate on the route statistics.

Also the "with your bags" is kind of a joke, isn't it? After you've paid 3 Euros because you have a bag to check-in, maybe just because you have contacts liquids that could expode under the new EU regulations, 85 bags out of 100.000 bags were mislaid in August based on FR webpage. So you only carry people (and their previously paid luggage) strictly from point A to point B with no other handling "features" and still 0.085% of baggage go missing? I simply hope they're delivered anywhere the passenger wants. I don't want to fly from an airport 100+ kms from home just to be phoned on arrival to get back to the airport for my clothes.

[Edited 2007-11-06 10:50:13]

25 Post contains links Joost : What's your point with having debts? Almost every airline has debts. Most large companies have debts. Ryanair has debts as well. To be precise, in Se
26 ThomasCook : Hi, Ryanair are doing well for themselves but their not for me I'm afraid. Customer service counts for everything as far as I am concerned, I've never
27 Joost : This is not a market Ryanair is offering. They explicitely state that they do not offer connections, and thereby they do not facilitate them by any m
28 Joost : I guess this is more related to airport handlers than to Ryanair. And that, of course, can happen with every airline. With respect to letting you dri
29 Delta777Jet : Aisak: You answer your question yourself: "85 bags out of 100.000 bags" if there is a passenger who not pay for a bag then there is also no bag, so he
30 KL911 : That's a perfect reply! I'm totally with it. I just wish the legacy carriers will abbandon their FF programs. It doesn't make sense to give someone a
31 Tugger : But the fact that it is "free" to the traveler is exactly WHY they need the FF programs: It is what distinguishes each airline option from the other,
32 Post contains images PlaneHunter : Of course not, just like hundreds of thousands worldwide travelers either - in contrast to all these smart people flying LCCs who have a clue, of cou
33 Tdscanuck : Depending on which metric you use, since 2005. That year they were they carried the largest number of international passengers of any airline. Tom.
34 Delta777Jet : Planehunter: I'm a member in some FF programmes as well, the reason for it is, that it comes for free and there is no real disadvantage to do so, but
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