Pe@rson From United Kingdom, joined Jan 2001, 18830 posts, RR: 54 Posted (2 years 6 months 3 weeks 23 hours ago) and read 1407 times:
Strong financial performance, as below, although its costs have risen mainly due to external elements and some longer sectors. But, this has been somewhat offset by a good percentage increase in average fares.
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Buoyed by a 32% rise in second-quarter earnings, Ryanair reported a net profit of €424 million ($591.2 million) for the fiscal first half ended Sept. 30, up from earnings of €373.5 million in the year-ago period.
For 2Q: Revenues rose 29.5% to €1.28 billion while operating expenses climbed 28.3% to €890.5 million, resulting in an operating profit of €394.3 million, up 32.4% compared to €297.9 million a year ago.
For the half-year: Revenues rose 23% to €2.18 billion on a 10% rise in passengers to 40.1 million, while operating expenses—including the cost of the volcanic ash disruptions—climbed 26.8% to €1.31 billion.
Ancillary revenues for the half year climbed 22.4% to €423.8 million and represented 19% of total revenues, unchanged from the year-ago period. Average fares for the period rose 12% to €44 "in line with a 12% sector length increase" while unit costs climbed 13% "primarily due to the 12% growth in sector length and higher fuel costs."
Expected full-year financial performance: "will exceed the upper end of our previous forecast range" of €350 million to €375 million to reach "a range of €380 million to €400 million."
Quokka From , joined Dec 1969, posts, RR: Reply 1, posted (2 years 6 months 3 weeks 22 hours ago) and read 1376 times:
Good results for an airline that so many seem to dislike. The figures prove that they must be doing something right. Or is Eire providing them with free oil from its massive resources?
FlySSC From France, joined Aug 2003, 7313 posts, RR: 61 Reply 2, posted (2 years 6 months 3 weeks 22 hours ago) and read 1350 times:
Quoting Quokka (Reply 1): Or is Eire providing them with free oil from its massive resources?
No, they just use constant blackmail to receive massive subsidies from the local aiports they serve, and illegal work contract in several countries ...
DogBreath From United Kingdom, joined Mar 2008, 237 posts, RR: 0 Reply 4, posted (2 years 6 months 3 weeks 22 hours ago) and read 1310 times:
Quoting FlySSC (Reply 2): No, they just use constant blackmail to receive massive subsidies from the local aiports they serve, and illegal work contract in several countries ...
Care to expand on this statement? Please state your facts there FlySSC.
Constant blackmail to receive massive subsidies from local airports. Seems to me that a great majority of airports are after FR for their custom. If an airport doesn't want to play ball with FR then send them on their way. A few have done this and a great majority don't. Aviation's a nasty business and many players get burnt (Airlines and Airports alike). Tell me an Airline that doesn't negotiate with their airports for an improved financial gain.
Illegal work practices in several countries. I'd imagine if that were the case then the legal fraternity would be having a field day. As we all know 'the laws an arse' and when it comes to EU law and taxation, not even the experts know exactly what's legal and what's not (too many grey areas). Again please provide some factual evidence for this claim. Maybe you could then pass this onto the legal framework within those countries for guidance.
Burkhard From Germany, joined Nov 2006, 4248 posts, RR: 2 Reply 5, posted (2 years 6 months 3 weeks 21 hours ago) and read 1294 times:
Quoting FlySSC (Reply 2): No, they just use constant blackmail to receive massive subsidies from the local aiports they serve, and illegal work contract in several countries ...
I consider this statement too harsh in this generalisation. Yes, Ryanair knows how to make pressure on local government. Often being the first and only airline that provides jobs to an airport in the middle of nowhere gives them the power to negociate their conditions or to leave. And they use the work contracts under Irish law and scratch with this at the limits of some national laws. But both of these do not explain all their financial success. It contributes, for sure, but there is more behind this success.
Or do you think, AI France has no influence over CDG, and everything about working conditions at BA is rosy?
Icarus75 From France, joined Oct 2003, 768 posts, RR: 0 Reply 6, posted (2 years 6 months 3 weeks 21 hours ago) and read 1282 times:
Today, in a french newspaper (Le Figaro), it is said that the flights between Charleroi (Belgium) & Figari (Corsica) are / will be suspended : subsidies for the airline (600 000€ per year) will be cut or reduced.
I think it's not the only one for which FR receive subsidies! How many other flights that disappear from the timetable over the years (without notice from FR) are in the same situation? Do these subsidies been counted in the "results"?
Giancavia From Vatican City, joined Feb 2010, 1249 posts, RR: 0 Reply 8, posted (2 years 6 months 3 weeks 20 hours ago) and read 1220 times:
lol this airline stuff is kinda like sports. The successful well run clubs get hated by the wannabees. Well done being profitable despite all the moronic hippy taxes etc etc
cslusarc From Canada, joined May 2005, 811 posts, RR: 0 Reply 9, posted (2 years 6 months 3 weeks 12 hours ago) and read 1003 times:
I am really shocked how profitable FR is over its competitors. This quarter it reported a 23.6% operating margin after removing the effects of exceptional items and a 19.4% profit margin after removing the effects of exceptional items. Typically the US Network Carriers report numbers of near half of that.
joost From Netherlands, joined Apr 2005, 3128 posts, RR: 4 Reply 10, posted (2 years 6 months 3 weeks 11 hours ago) and read 970 times:
Quoting Icarus75 (Reply 6): Today, in a french newspaper (Le Figaro), it is said that the flights between Charleroi (Belgium) & Figari (Corsica) are / will be suspended : subsidies for the airline (600 000€ per year) will be cut or reduced.
Is there any airline operating scheduled services to Corsica without receiving any subsidy? How much are CCM and Air France receiving on the subsidy scheme? At least all routes from the 4 Corsican airports to MRS, NCE and ORY are all receiving subsidies.
However, I've never seen anyone bashing CCM, or Wideroe for that matter, for receiving government funds.
Quoting Icarus75 (Reply 6): Do these subsidies been counted in the "results"?
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