There is an extract from a new book on Michael O'leary in todays Sunday Times, which provides and excellent overview of the early days at the airline... one paragraph demands attention
The crisis stemmed from O’Neill’s [former CEO] dash for growth....... O’Leary could see that O’Neill’s expansion strategy was putting the airline on course to self-destruct. “They were opening routes left, right and centre. The route network was nuts,” he says.
History has a habit of repeating itself. This to me sounds very familiar to whats happening today at Globespan. Just as Ryanair flew from every airport in Ireland to the UK, Globespan has 16 origination points in the UK and Ireland this summer (of which only four have any sort of density needed to ensure schedule integrity). Globespan should consolidate on Scotland and the North of England next summer, and provide a route network that enables them to operate as advertised.
Globespan route network
We reserve the right to amend, introduce stops, cancel or consolidate flights as necessary to achieve the high load factors required to maintain profitability whilst offering low fares