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Ryanair Posts Half Year Profits With Warnings ....  
User currently offlineYodobashi From United Kingdom, joined Sep 2007, 237 posts, RR: 3
Posted (4 years 10 months 2 weeks 5 days 3 hours ago) and read 2665 times:

http://news.bbc.co.uk/1/hi/business/8337232.stm

MOL, interviewed live on BBC Breakfast this morning, was as entertaining to listen to as ever!

He stated that unless they reach a deal with Boeing by the year end, they will consider curtailing their plans for growth and instead start returning money to shareholders.

When asked what he would do if he were in Willie Walsh's shoes, he replied 'more of the same, in fact WW hasn't been radical enough. I was appalled to hear that BA staff meals cost £6.5m per annum, they want to reduce it to £2.5m per annum .... why don't they make the staff pay for their own bloody meals'!


"The World is a book, and those who do not travel read only a page"
11 replies: All unread, jump to last
 
User currently offlineAsiaflyer From Singapore, joined May 2007, 1135 posts, RR: 0
Reply 1, posted (4 years 10 months 2 weeks 5 days 3 hours ago) and read 2646 times:

In addition, Ryanair also talks about deferring or canceling 15 of planned 48 deliveries from Boeing next year.

http://asia.news.yahoo.com/rtrs/20091102/tbs-ryanair-7318940.html


Mr O'Leary does not appear to be happy with Boeing at moment.

http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=3096801

[Edited 2009-11-02 00:41:02]


SQ,MI,MH,CX,KA,CA,CZ,MU,KE,OZ,QF,NZ,FD,JQ,3K,5J,IT,AI,IC,QR,SK,LF,KL,AF,LH,LX,OS,SR,BA,SN,FR,WF,1I,5T,VZ,VX,AC,NW,UA,US,
User currently offlinePe@rson From United Kingdom, joined Jan 2001, 19227 posts, RR: 52
Reply 2, posted (4 years 10 months 2 weeks 5 days 2 hours ago) and read 2547 times:

Ryanair Half Year Results- Profits rise 80% and fares fall 17%

Net profit up 80% to €387m.

Highlights of the half year included:



· Average fares down 17% to €39.

· Traffic growth up 15% to 36m pax.

· Net profit up 80% to €387m.

· Industry leading net profit margin of 22%.

· Ancillary revenues grew 8% to 20% of total revenues.

· Unit costs down 27% (ex fuel costs down 5%).

· 100% web check-in from 1st October.

· Fuel hedges extended for fiscal 2011, Q.1 to 50% and Q.2 to 50%.

http://www.ryanair.com/site/EN/news....nov&story=fin-en-021109&view=email



"Everyone writing for the Telegraph knows that the way to grab eyeballs is with Ryanair and/or sex."
User currently offlineCloudyapple From Hong Kong, joined Jul 2005, 2454 posts, RR: 9
Reply 3, posted (4 years 10 months 2 weeks 5 days 2 hours ago) and read 2504 times:

Quote:
We won't continue these discussions indefinitely and have signalled to Boeing that if they are not completed before the year end, then Ryanair will end its relationship with Boeing and confirm a series of order deferrals and cancellations.

We see no point in continuing to grow rapidly in a declining yield environment, where our main aircraft partner is unwilling to play its part in our cost reduction programme.

I cannot see why Boeing would want to sell any more aircraft to them as Boeing's own yield is decimated by secondhand Ryanair aircraft, which are usually sold on dirt cheap after a few years of being run into the ground.

Did I mention Airbus has already given them the finger? How can they be so arrogant in an effective monopoly? "I'd rather shut my airline than to pay a reasonable price for your aeroplanes." Who is their procurement strategist!? I'd love to meet him/her.

Any Ryanair shareholders here?

[Edited 2009-11-02 01:43:41 by cloudyapple]


A310/A319/20/21/A332/3/A343/6/A388/B732/5/7/8/B742/S/4/B752/B763/B772/3/W/E145/J41/MD11/83/90
User currently offlineBorism From Estonia, joined Oct 2006, 431 posts, RR: 0
Reply 4, posted (4 years 10 months 2 weeks 5 days 2 hours ago) and read 2449 times:



Quoting Cloudyapple (Reply 3):

Right, no aircraft manufacturer in the world would want to sell their product to one of the fastest growing airlines in the world in the midst of economic depression!

Congrats to Ryanair and that SOB MOL!


User currently offlinePanais From Cyprus, joined May 2008, 463 posts, RR: 0
Reply 5, posted (4 years 10 months 2 weeks 5 days 1 hour ago) and read 2401 times:



Quoting Borism (Reply 4):
no aircraft manufacturer in the world would want to sell their product to one of the fastest growing airlines in the world in the midst of economic depression!

So, what is wrong with that? Their orderbooks are full for the next 4-5 years.

The margins from the Ryanair business are already very low, if not negative.

Probably, nobody is buying their planes right now, so they cannot get rid of them fast. Therefore, the price that he can sell the used ones and the price that he is being quoted from Boeing are way far from each other.

With an average fleet age of less than 3 years, I am sure he can try and run them a little bit longer than what his business plan calls for.


User currently offlineRobffm2 From Germany, joined Dec 2006, 1117 posts, RR: 0
Reply 6, posted (4 years 10 months 2 weeks 5 days ago) and read 2328 times:

Who wants to be raped twice by the same guy?

http://blog.seattlepi.com/northwestfrequentflier/archives/161312.asp


User currently offlineChiad From Norway, joined May 2006, 1150 posts, RR: 0
Reply 7, posted (4 years 10 months 2 weeks 5 days ago) and read 2299 times:

And at the same time Ryanair pressures Boeing with threat to cancel 737 orders.

http://www.flightglobal.com/articles...h-threat-to-cancel-737-orders.html


I hope that Boeing can dump Ryaniar as the ... dump they are!
 Confused


User currently offlineYodobashi From United Kingdom, joined Sep 2007, 237 posts, RR: 3
Reply 8, posted (4 years 10 months 2 weeks 4 days 18 hours ago) and read 2001 times:

Like them or hate them, the Ryanair business model works! If you ran an airline, wouldn't you press Boeing for the very best possible deal?

I am touching wood as I type this ....

I have flown FR on 6 segments this year, simply because they happen to fly from PIK which is a 10 minute walk from my house - I've only once had a problem, turned up a STN for a 21:45 flight, got to the bottom of the stairs only to be told the A/C had gone tech.

Back to the terminal where we were quickly shifted to another A/C, finally leaving STN 55 minutes later than planned; arrival however was 25 minutes late into PIK, not bad I reckon.

In relation to MOL's inference that BA is laden with high costs, here's a question; why should cabin crew get free meals? I don't get free meals at work, and I don't know anyone else who does. Yet BA staff (and no doubt other airlines) tuck into business class fare on their flights costing £6.5m per annum - that is one hell of a cost saving for any company, isn't it?



"The World is a book, and those who do not travel read only a page"
User currently offlineMariner From New Zealand, joined Nov 2001, 25242 posts, RR: 85
Reply 9, posted (4 years 10 months 2 weeks 4 days 18 hours ago) and read 1964 times:
Support Airliners.net - become a First Class Member!



Quoting Cloudyapple (Reply 3):
Any Ryanair shareholders here?

I'm not, but I wish I did own some.

I thought about buying a few some years ago, but I didn't think the airline could keep expanding the way it has.

I made the same mistake with Allegiant. I was wrong on both counts.  Smile

mariner



aeternum nauta
User currently offlineNema From United Kingdom, joined Feb 2006, 716 posts, RR: 0
Reply 10, posted (4 years 10 months 2 weeks 4 days 16 hours ago) and read 1868 times:



Quoting Pe@rson (Reply 2):
Net profit up 80% to €387m.

Yeah but most of that profit came from that sandwich i bought.



There isnt really a dark side to the moon, as a matter of fact its all dark!
User currently offlinePe@rson From United Kingdom, joined Jan 2001, 19227 posts, RR: 52
Reply 11, posted (4 years 10 months 2 weeks 4 days 16 hours ago) and read 1861 times:



Quoting Nema (Reply 10):
Yeah but most of that profit came from that sandwich i bought.

No matter where it came from, it earned a net profit of €387m.



"Everyone writing for the Telegraph knows that the way to grab eyeballs is with Ryanair and/or sex."
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