July 8, 2009 at 2:00 am
There are always people on the Forum knocking Ryanair.
They will enjoy this news item from Ryanair.com
RYANAIR’S JUNE PASSENGER’S UP 13% TO 5.8M
BA’S JUNE PASSENGERS DOWN 5% TO 2.9M
By: nJayM - 17th July 2009 at 17:47
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.
By: Ren Frew - 11th July 2009 at 11:16
And thats despite getting their aircraft for peanuts and beating into the ground every handling agent, supplier and airport authority into handling them for next to nothing. Then hitting them with unrealistic penalty clauses for what is, in their opinion, bad service from these brow beaten suppliers. Then having the nerve to throw all their toys in the corner whenever these agencies start charging a realistic market rate for the services they provide. Geez, you’ve got to love em…..or have you? 😡
This post deserves to be in the “What made you smile today ?” thread over on the general discussion…:D;)
By: MSR777 - 11th July 2009 at 11:06
Ryanair is still losing millions of pounds (ok Euros for the pedants) and will continue to do so.
And thats despite getting their aircraft for peanuts and beating into the ground every handling agent, supplier and airport authority into handling them for next to nothing. Then hitting them with unrealistic penalty clauses for what is, in their opinion, bad service from these brow beaten suppliers. Then having the nerve to throw all their toys in the corner whenever these agencies start charging a realistic market rate for the services they provide. Geez, you’ve got to love em…..or have you? 😡
By: Deano - 10th July 2009 at 22:10
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.
By: MSR777 - 10th July 2009 at 21:06
There are always people on the Forum knocking Ryanair.
Absolutely! And I’m proud to be one of them :p
By: FrequentFlyer - 8th July 2009 at 13:22
I dont think those figures matter that much bearing in mind BA and Ryanair attract different types of customers, and fly to differing destinations. Okay its not good news for BA that the numbers are down, but when this economic downturn turns round (eventually) BA’s numbers should rise again. BA are just going through the same conditions that an airline which has a similar setup will be facing now.
By: rdc1000 - 8th July 2009 at 11:34
I could probably cope without an assigned seat as well.
My brother and I flew RYR to Milan and back (from Manchester) last week, and were among the last to board in both directions but sat together in emergency exit seats both ways (and had nobody elese sat with us on the return). It always amazes me that these seats don’t go sooner.
By: T5 - 8th July 2009 at 05:34
The recession/credit crunch/economic crisis (call it what you will) is no doubt why Ryanair’s numbers are up and British Airways’ numbers are down. With pretty much everybody around the world watching their pennies, low cost travel seems a sensible option right now.
I am not a huge fan of low cost travel myself. I can live without the complimentary inflight service on short haul and domestic services and I could probably cope without an assigned seat as well, however, the confusing charges associated with low cost airlines irritate me. I would rather pay one fare with no hidden fees and get from A to B without hassle. I don’t want to pay a premium because I choose to check in at an airport instead of online, I don’t want to pay extra to take a suitcase, I don’t want to be charged an additional fee for making a payment with a debit card and I certainly do not like the sound of paying to use a toilet (recently proposed by Ryanair). There was something featured on the British Airways website recently about how their fares compared to the low cost carriers once the additional fees had been added. I think some people are oblivious to just how expensive some of these low cost airlines – including Ryanair – can be.
I was moaning only last week about British Airways after hearing about their massive losses and could not understand why they didn’t offer some slightly cheaper fares to attract more customers. For my flight to London in a couple of weeks, British Airways wanted £750 return, which, in comparison to American Airlines’ £500 alternative, wasn’t good! Anyway, their latest seat sale kicked off a few days ago and there are some attractive fares on offer, so let’s hope numbers start picking up again soon.