Ryanair unveiled Monday plans for an overhaul to create four subsidiaries
Mirroring a set-up by British Airways and Iberia owner IAG, a statement said it planned to have four distinct operations, each with its own chief executive.
Michael O'Leary will head up the overall group, Ryanair said. Under him will be Ryanair DAC overseeing the Irish operations and there will be also Ryanair UK, Laudamotion for its Austrian business and Ryanair Sun, or Polish unit.
a350lover wrote:I also have the impression that the new policies introduced by Ryanair regarding the need to pay for carry-on bags is hurting a lot. Now it's not enough for Ryanair to be as cheap as the competence. They need to show a good gap between its lowest fare and the immediately closer competitor so that the customer can add the fee to bring a carry on bag.
ClassicLover wrote:You may want to read the news articles about it. They state ancillary revenue was up 26% in the period, so the pay for carry-on bags is a great success for them.
Blerg wrote:Could this be one of the reasons why they have cut Weeze and Eindhoven operations? I know they said it was due to labour issues but could it actually be about cutting losses where they can?
FlyRow wrote:Blerg wrote:Could this be one of the reasons why they have cut Weeze and Eindhoven operations? I know they said it was due to labour issues but could it actually be about cutting losses where they can?
Chicken and egg, who came first.
FR want's to cut cost, so doens't want to use Dutch Labour laws but favourable other nations standards, Dutch Court / Unions say hell with that you base in the Netherlands >> FR cut's part of the opreations at EIN.
PatrickZ80 wrote:And because they were forced to apply Dutch labour laws instead of Irish the Eindhoven base flipped from being profitable to beind loss-making. If they could have kept using Irish labour laws Eindhoven would probably still be a base. But they couldn't.
Aisak wrote:PatrickZ80 wrote:And because they were forced to apply Dutch labour laws instead of Irish the Eindhoven base flipped from being profitable to beind loss-making. If they could have kept using Irish labour laws Eindhoven would probably still be a base. But they couldn't.
We should really think about the hidden meaning of some sentences we write.
It’s so hard (and simple) to say that the EIN base simply made the company lose money because of the direct employee’s salaries. Profits in a simplistic way are just defined as revenues minus costs. So it’s not the cost side the only variable in the equation.
Complying with the law is not something a corporation can opt out...
So they just opted out of the territory with “so unfair and unbearable laws” against them and chose operate EIN from bases with “better” local laws (or with governments not enforcing them hard enough). After all, no one is forcing Ryanair to operate from EIN...or AT EIN.
That seems to be rule no.1 in current capitalism: take your production where it’s cheaper. And Ryanair has followed that motto for quite so time. The cheaper the better... at all cost
Someone83 wrote:factsonly wrote:....., due to over-capacity in Europe and thus lower yields.
This is a [partly] self-inflicted wound....
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