agincourt

What exactly are you trying to get across here? I don’t get your message. That it’s good that Ryanair’s passenger numbers are up? Great, you think that’s great for Ryanair? Sorry but the Pikey himself knows all too well that filling every aircraft every flight is irrelevant if the passengers are paying peanuts for their tickets. Ryanair is still losing millions of pounds (ok Euros for the pedants) and will continue to do so.

Here, here – down to brass tacks.

All these recent nonsensical ‘shenanigans’ from MO’L are simply publicity stunts.

Someone in one of the recent threads showed a ‘peak’ at the recent RyanAir company accounts reported in the public domain. http://forum.keypublishing.co.uk/showthread.php?t=92035&page=2. Since the Republic of Ireland Financial Reporting systems/standards aren’t all the same as the UK’s it may be difficult to compare directly without seeing a full financial audit report.

All I can say is that as you say very correctly Deano, putting bums in seats at ‘peanuts’ prices or ‘free’ is not indicative of good “cash flow”.
An organisation’s “Cash Flow” is the only yardstick for stability and not purely quarterly or end of year profits.

Profits are there on paper on one day and by the next day could see the organisation in heavy debt/overdraft since in reality it is up to it’s eyeballs in payments due to it’s debtors.

Profit declarations can be and often are ‘gloss’ to attract non discerning investors.