RYANAIR pre-tax losses £155 million

mobby-2554

Ryanair report pre-tax losses £155 million for year ending March 31st

Could this be the end of all our cheap flights???

mobby-2554

http://news.sky.com/skynews/Business

sturll

mobby-2554 wrote: »

Ryanair report pre-tax losses £155 million for year ending March 31st

Could this be the end of all our cheap flights???

No.

The reason Ryainair have made a loss is because they had to reprice their shares in Aer Lingus. Additionally high fuel prices.

If all of that was taken into account and adjusted accordingly then Ryanair actually made a profit of 105m euros.

fifeken

sturll wrote: »

No.

The reason Ryainair have made a loss is because they had to reprice their shares in Aer Lingus. Additionally high fuel prices.

If all of that was taken into account and adjusted accordingly then Ryanair actually made a profit of 105m euros.

Also a 50 million Euro hit filed under "accelerated depreciation of aircraft".

mobby-2554

RYANAIR boss Michael O'Leary WILL charge passengers a quid to spend a penny within the next two years.

The chief executive today insisted he was deadly serious about introducing a mid-air toilet tax.

And he added that the low-cost airline was already in talks with BOEING about designing a plane with one toilet instead of the current three.

This would free up the space for six extra seats.

Mr O'Leary said of his loo levy: "There's not much I copy from British Rail but I got the idea when I had to spend 20p to go to the toilet at Liverpool Street."

He added: "By putting in an extra six seats we can lower fares for everyone.

"I think if you asked passengers 'would you be prepared to do with fewer toilets for lower fares?', they'd say yes."

The comments came as Ryanair revealed its first loss in 20 YEARS — as it counted the cost of a huge fuel bill and losses on shares in rival AER LINGUS.

The airline fell £145.9million into the red in the year to April — compared with profits of £336.8million the year before.

But Mr O'Leary pledged that Ryanair would soar back into the black in the current year as fuel costs are forecast to plunge by as much as 50 per cent.


He promised that passengers would benefit — with fares likely to come down by 20 per cent.

Ryanair expects to fly 67million people in 2009-2010 — more than BRITISH AIRWAYS, AIR FRANCE or LUFTHANSA.

Mr O'Leary said Ryanair was poaching customers from all three of its "high cost" rivals. He added the biggest rise was in business customers.

PolishBigSpender

You can spin this however you want - but the airline was profitable if you ignore the write-down on the Aer Lingus shares. However, I'm able to stick to my word - all that shareholders care about is the profit. For that matter, O'Leary is going to have his work cut out in order to ensure a return to profitability next year.

I see nothing wrong with charging to use the toilet on the plane, and I hope it happens.

mobby-2554

PolishBigSpender wrote: »

You can spin this however you want - but the airline was profitable if you ignore the write-down on the Aer Lingus shares. However, I'm able to stick to my word - all that shareholders care about is the profit. For that matter, O'Leary is going to have his work cut out in order to ensure a return to profitability next year.

I see nothing wrong with charging to use the toilet on the plane, and I hope it happens.

Excuse me but if you take the time to google it you will find it is a quote from the BBC not me!

Could you tell me why you are never nice or even polite on your posts??

see nothing wrong with charging to use the toilet on the plane, and I hope it happens.[/QUOTE]

bagand96

fifeken wrote: »

Also a 50 million Euro hit filed under "accelerated depreciation of aircraft".

Ryanair's business model depends heavily on aircraft trading and this is an area where they will continue to feel the pinch as offloading 5 year old 737s will be harder when other airlines dont have the cash to buy them.

Its true it can be spinned however you like, and Ryanair are the kings of spin!! At the end of the day all airlines are feeling the pinch and as much as Mr O'leary may like to think he is the exception, the truth is that he isn't.

Even Virgin Atlantic's "profit" may not be as it seems.

Steve_xx

PolishBigSpender wrote: »

You can spin this however you want - but the airline was profitable if you ignore the write-down on the Aer Lingus shares. However, I'm able to stick to my word - all that shareholders care about is the profit. For that matter, O'Leary is going to have his work cut out in order to ensure a return to profitability next year.

I see nothing wrong with charging to use the toilet on the plane, and I hope it happens.

Admit it. You're Michael O'Leary in drag, aren't you?

Money_Grabber13579

He'll have to bump up the credit card charge from £4 to £4000 per person per flight!

sturll

The problem O Leary has got is that usually when the costs of a business increase this is passed onto the consumer in the price of the goods/service.

This is where there are big problems for Ryanair, it is well know that many people (arguably most) fly with Ryanair because it is a cheap airline. If Ryanair charged lets say the same as BA then it would be interesting to see how many would continue to put up with the extras charged, poor customer service, poor follow up of complaints etc... O Leary knows this and so right at the top of his to do list is 'keep flight prices low' Beacuse of this he has to find alternate ways to addc costs.

And as we all know he adds all these charges knowing full well that whilst there may be someone who pays with an Electron card, carries no bags, checks in online, buys nothing in the air and doesn't use the toilet - There will always be much more that don't have an Elctron card, take bags etc etc

Very very good business model, very restricted in terms of price increases.