ryanair profits fall

[maccasa]

The first quarter profits of Ryanair took a 21% drop to only €78million. The shares fell 2.2% as a result. Wonder if the fares will rise to compensate - Nah not Mr O Leary, would he?

[EMM]

Why not ?? fuel prices keep rising and they are a business.
Mote likely is even fewer winter flights to the less popular destinations.

[James Faro]

They may be factoring expenses in new bases and aircraft to see a dip!

[joeysoap]

Last year Easter fell in the first quarter of the year this year Easter was in April so will be included in next results. Overall the result is the same €700m profit for the year when they report full year profits.

“As previously guided higher fuel costs and the timing of Easter led to Q1 profits falling €21m to €78m. Ancillary revenues grew by 25% to €357m (27% of total revenues) driven by the successful development of reserved seating, priority boarding, and higher admin\credit card fees.

An acknowledgement there, as if one was needed, that credit card fees etc are part of profits and not just recouping credit card charges.

Shareholders have recently approved our order for 175 Boeing 737-800 aircraft for delivery over a five year period between Sept 2014 and Dec 2018. This has allowed us to raise our growth targets by 38% to 110m passengers by FY19 (previously 100m) and our fleet to 410 (previously 375).

some whack of aircraft to have lying around if they were to curtail routes. 410 Aircraft by 2019.

[cereza]

The latest money spinning idea is to sell advertising space on their planes. You've got to give it to them

[djprescott]

Ryanair has raised the cost of placing luggage in the hold of it's planes by 66%. The cost has been increased from €30 to €50 apparently. O'Leary said "We will keep increasing charges until we get rid of (hold) bags"!!!

What a charmer!!!

[widge]

Ryanair has raised the cost of placing luggage in the hold of it's planes by 66%. The cost has been increased from €30 to €50 apparently. O'Leary said "We will keep increasing charges until we get rid of (hold) bags"!!!

What a charmer!!!

Yeah but he calls a spade a shovel!

Baggage handling is not carried out by Ryanair & is notoriously bad at many airports from which Ryanair operate. It causes delays in boarding and leaving flights, adds to the fuel costs and can damage the airline's reputation for reasons outwith it's control.

Most important of all for O'Leary there is no profit in shifting cases - he can make more by banning them altogether (presently only 20% of Ryanair customers take hold luggage). I think it's fair enough, you know what the deal is before you book so if you don't like it fly EasyJet who differentiate themselves by offering reserved seats, lounge access etc.

[djprescott]

I agree and that's why I never fly Ryanair unless they are the only airline flying to that destination.
The reason the baggage handling is so poor is the choice of airports that they use and how little they pay the ground handling agents.

Successful business model but treats his customers with amazing arrogance. Don't even get my started on how they treat their flight crews and cabin crew.

[widge]

I agree and that's why I never fly Ryanair unless they are the only airline flying to that destination.
The reason the baggage handling is so poor is the choice of airports that they use and how little they pay the ground handling agents.

Successful business model but treats his customers with amazing arrogance. Don't even get my started on how they treat their flight crews and cabin crew.

OK I won't.

[djprescott]

I agree and that's why I never fly Ryanair unless they are the only airline flying to that destination.
The reason the baggage handling is so poor is the choice of airports that they use and how little they pay the ground handling agents.

Successful business model but treats his customers with amazing arrogance. Don't even get my started on how they treat their flight crews and cabin crew.

OK I won't.

[joeysoap]

what about this issued yesterday.

Ryanair announced earlier this week that it would get its pilots to increase flight times by two minutes to save fuel, saving the airline around £70m a year.

Personally I would prefer if their pilots landed a bit more gently and not just slap the aircraft down. Having said that maybe it's in the make up of Boeings to land hard and fast. Reading reports of that crash of a 777 in LA a week or so ago, made me think maybe you can't land Boeings softly. Looked like the pilot (training admittedly) was coming in too slow, too low and too gently. Roy will probably know more.


Ryanair do what it says on the tin no more no less. I use them when it suits me, like everybody else.

[keela]

I agree and that's why I never fly Ryanair unless they are the only airline flying to that destination.
The reason the baggage handling is so poor is the choice of airports that they use and how little they pay the ground handling agents.

Successful business model but treats his customers with amazing arrogance. Don't even get my started on how they treat their flight crews and cabin crew.

I am with you on this one. I have flown with them once and that is once too often. I will never use them again. Their policies are beyond a joke. My husband's hand luggage was 10.8kg, the difference was attributed to a jacket in the case. We took it out and low and behold the case weighed less than the 10kg allowed. We were told in no uncertain term and not in a very civil manner, not to put the jacket back into the bag but to wear it instead! The jacket was going onto the plane with us!!!!! The overall weight was the same. Raising the fee for hold luggage from £26 to £44 is only going to make people look elsewhere. O'Leary says that this is being done to discourage people from taking hold luggage. How the hell are you supposed to go on holiday for 2 weeks with 10kg hand luggage only. There are things which can only be put in the hold, like battery operated items, shampoo, showergel etc. I know these can be bought at the destination but that is adding to an already stretched budget. He did say once over that there was no need to take a hairdryer as you could buy one at your destination. Presumably then you would leave it behind! This man is looking at the end of his airline if he is not too careful and if this happens he has only himself and his money grabbing antics to blame.

[SAM SPARKLE]

O’leary has acknowledged that it is impossible to do away with hold luggage altogether, but his aim is to reduce the percentage to around 10 pct, since the introduction of charges, hold luggage has reduced from 80 pct to 19 pct saving the airline a fortune in reduced fuel costs. Admitting to possible future charges for cabin baggage he said he had not ‘’got his head round’’ how to implement this without causing delays at the gate, (one airline Whizz Air is already charging 20 euro per item). Another money spinner being considered is offering advertising space on his planes, I presume this is on the outside. Can’t keep a good man down.

[EMM]

When you see as we have, passengers with not only the 1 permitted bag, but some women with large , cant call them handbags hidden under coats even tennis raquets etc you cannot blame the gate staff from getting stroppy.
You purchase a ticket from RA , EJ & uncle tom cobbly airlines all of which make it more than clear what their rules are.
If you get caught breaking them , don,t blame the airlines you are the one at fault.
The latest moan is from the seat blockers who buy seats A & C or D & F and then moan when someone wants to sit in their allocated seat between them.
What do people expect from " Budget Airlines ". They basically buses in the air and should be treated as such.

[Craig]

It's only maybe once a year that I need to take a suitcase and I've just been charged £40 return with Ryanair in September. I think it was £25 to Faro and £15 Faro to Stansted. No, I don't understand it either. But compared to other airlines it was still a good deal. Flight times that suit ( after work on a Thursday and late evening on a Saturday going back to the UK ), for £72 + £40 for a suitcase. With BA you would get about half way to Faro for that money.

O'Leary is probably just drumming up a bit more publicity, even though I'm sure he would like to do away with hold baggage it just isn't viable for families going away for 2 weeks.

So, for those of you that hate Ryanair ( even if you haven't used them ), compare prices and see who is the better value.

I use them 9 times out of 10 because the flight times suit me and they are so much cheaper than Easyjet or Monarch or BA.

Craig