Ryanair in 2017
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Re: Ryanair in 2017
Ryanair CEO Michael O’Leary comments on its future, Brexit, easyJet, Norwegian and bankrupt Air Berlin and Alitalia
https://www.aviation24.be/airlines/ryanair ... -alitalia/
Note: MOL commented on Norwegian' financial status, which Norwegian strongly denied (read article)
https://www.aviation24.be/airlines/ryanair ... -alitalia/
Note: MOL commented on Norwegian' financial status, which Norwegian strongly denied (read article)
Re: Ryanair in 2017
On 8th February 2017, André posted:
2. During his press conference in Frankfurt (31th August 2017), O'Leary predicted the bankruptcy of Norwegian within a few months. I quote from the Luchtzak.be-report on that press conference:
On a question about Norwegian, Michael O’Leary thinks that Norwegian will be gone in 4-5 months: “Norwegian is running out of cash, burning so much cash it may not survive this winter…”
Reply from Norwegian on that statement from O'Leary: “These comments have no root in reality. Norwegian has been profitable for the last 10 years, with a strong liquidity, together with owning a substantial share of Bank Norwegian which has a market value of over £1.6billion (NOK 17 billion)."
https://www.aviation24.be/airlines/ryanair ... -alitalia/
Does this accusation from O'Leary means the end of the negocations about the feeder problem?
1. Summer 2017 is almost over, and we haven't seen that feeding yet. Or have I missed it?sn26567 wrote: ↑08 Feb 2017, 22:03 Ryanair to start feeder flights for Norwegian this summer
Irish low-cost carrier (LCC) Ryanair and LCC Norwegian plan to start joint feeder flights from summer 2017 onward. “We are ready to cooperate with Norwegian right now,” Ryanair CEO Michael O’Leary said on the sidelines of the Airlines for Europe (A4E) summit in Brussels. “We are finalizing technical implementation as Ryanair and Norwegian operate on two different reservation systems,” he said, adding, “It is better to work with them instead of compete with them [Norwegian].” Both carriers are A4E members.
Norwegian CEO Kjos said his company is still young in the long-haul business. “We operate 12 Boeing 787s; in three years we will have more than 40 787s,” Kjos said.
Full story: http://atwonline.com/airports-routes/ry ... hts-summer
2. During his press conference in Frankfurt (31th August 2017), O'Leary predicted the bankruptcy of Norwegian within a few months. I quote from the Luchtzak.be-report on that press conference:
On a question about Norwegian, Michael O’Leary thinks that Norwegian will be gone in 4-5 months: “Norwegian is running out of cash, burning so much cash it may not survive this winter…”
Reply from Norwegian on that statement from O'Leary: “These comments have no root in reality. Norwegian has been profitable for the last 10 years, with a strong liquidity, together with owning a substantial share of Bank Norwegian which has a market value of over £1.6billion (NOK 17 billion)."
https://www.aviation24.be/airlines/ryanair ... -alitalia/
Does this accusation from O'Leary means the end of the negocations about the feeder problem?
Re: Ryanair in 2017
Not an accusation, only a prediction, which is probably the reason why the feeding idea wasn't finalised.
By the way MOL isn't the only one who has doubts about Norwegian's future, have a look at the tanking share price...
Re: Ryanair in 2017
To say in public that a competitor will go bankrupt within a few months is not a prediction: that is a firm accusation for which a Belgian company would be condemned in court.
Re: Ryanair in 2017
To everyone with a bit of aviation business knowledge it is clear for a while already that NAX is a soap bubble ready to pop. Most investors were riding the wave while is lasts but are starting to vote with their feet as their financial figures look increasingly worrying. You can say a lot about mol but if there's one thing he does better than no one else as a European airline CEO, its crunching numbers
Re: Ryanair in 2017
6th April 2017: Ryanair announced that they have an agreement with Norwegian: Ryanair will become feder for Norwegian's long haul. Just one little unimportant detail had to be discussed (apparently the 261/2004 responsability).
Reaction from an aviation business expert, 7th April 2017:
31st August: the feeder deal Ryanair-Norwegian hasn't realized (apparently because Norwegian refused 100% responsability), and O'Leary announces that Norwegian is almost bankrupt, and will not survive the winter.
Reaction from the same aviation business expert, 7th September 2017:
Reaction from an aviation business expert, 7th April 2017:
----------------------------------------------------sean1982 wrote: ↑07 Apr 2017, 09:41 ...as Norwegian has already states they will interline with FR soon. Like I said in another topic this is causing many breaktracks in legacy Manager's underwear in boardrooms accross Europe. I fear the european aviation landscape will shift dramatically over the coming years and legacies will ever more depend on their premium passengers for their income.
31st August: the feeder deal Ryanair-Norwegian hasn't realized (apparently because Norwegian refused 100% responsability), and O'Leary announces that Norwegian is almost bankrupt, and will not survive the winter.
Reaction from the same aviation business expert, 7th September 2017:
Seriously: this public accusation from O'Leary about Norwegian is disgusted and a shame to the industry. You don't compete your competitors with "don't book there: they're almost bankrupt". Specially not when just a few months earlier, you told that they would become your reliable business partner.sean1982 wrote: ↑07 Sep 2017, 16:02 To everyone with a bit of aviation business knowledge it is clear for a while already that NAX is a soap bubble ready to pop. Most investors were riding the wave while is lasts but are starting to vote with their feet as their financial figures look increasingly worrying. You can say a lot about mol but if there's one thing he does better than no one else as a European airline CEO, its crunching numbers.
Re: Ryanair in 2017
Again passenger, one doesn't exclude the other. A codeshare is just that. If NAX fails the codeshare fails to exist. M'OL never told anyone not to book NAX btw, that only existed in your biased mind.
Re: Ryanair in 2017
Even though I don't like his style, you can indeed not ignore the fact that he is quite brilliant, changed the EU aviation industry and is a master in numbers (much more an accountant as an aviation enthusiast, that's for sure). However he can also get things wrong...like in early 2014 when he "predicted" SN to go either bankrupt or shrink to a carrier of 2, max 3 million pax per year rather sooner than later. I'm not sure I'm keeping up with the latest news, but that's not quite what happened here in Brussels.
His comments about Norwegian are just a reflection of the current popular feeling and like we say in Dutch "zout in de wonde strooien" of Norwegian which is indeed struggling financially, but almost bankrupt...I think there are other cases in Europe that are much closer to that than them.
Re: Ryanair in 2017
Air Malta and Ryanair are discussing cooperation on sales and commercial initiatives, with the latter to add a fifth based aircraft in Malta to help cover the 12 new routes from the country as of 2018.
André
ex Sabena #26567
ex Sabena #26567
Re: Ryanair in 2017
IATA CEO Alexandre de Juniac says Europe’s major airlines may need to consider merging their low-cost units in order to fend off the challenge of discount specialists led by Ryanair (which is not a member of IATA).
André
ex Sabena #26567
ex Sabena #26567
Re: Ryanair in 2017
Ryanair press conference in Brussels today:
Summer 2018: no significant changes in BRU
6 new routes in CRL: Lisbon Malta Naples Madrid Plovdiv Varna and Wroclaw. Increased frequencies to Alicante Brindisi Porto and Sofia.
Press release with details later on the main page.
Summer 2018: no significant changes in BRU
6 new routes in CRL: Lisbon Malta Naples Madrid Plovdiv Varna and Wroclaw. Increased frequencies to Alicante Brindisi Porto and Sofia.
Press release with details later on the main page.
André
ex Sabena #26567
ex Sabena #26567
Re: Ryanair in 2017
We now know why O'Leary said -on 31st Aug 2017- that Norwegian was almost bankrupt: because Norwegian has signed a feeder agreement with a competitor of Ryanair:Passenger wrote: ↑07 Sep 2017, 10:08 ... During his press conference in Frankfurt (31th August 2017), O'Leary predicted the bankruptcy of Norwegian within a few months. I quote from the Luchtzak.be-report on that press conference:
On a question about Norwegian, Michael O’Leary thinks that Norwegian will be gone in 4-5 months: “Norwegian is running out of cash, burning so much cash it may not survive this winter…”
Reply from Norwegian on that statement from O'Leary: “These comments have no root in reality. Norwegian has been profitable for the last 10 years, with a strong liquidity, together with owning a substantial share of Bank Norwegian which has a market value of over £1.6billion (NOK 17 billion)."
https://www.aviation24.be/airlines/ryana ... -alitalia/
https://www.aviation24.be/airlines/easyj ... -loganair/
Re: Ryanair in 2017
Looking forward to your detailed report, André.
Meanwhile, HLN is reporting the usual exculpation from them for their spectacular stalling at BRU:
the airport is 'too expensive'. http://www.hln.be/hln/nl/942/Economie/a ... duur.dhtml
Total seat offer from Belgium for next year (note: 'next year' seems to mean the period from april 2018 till april 2019 if I understood well their way of talking?) is said to be close to 8,7M. Based on this, it looks like they are not even claiming to be the biggest airline in Belgium any longer too then, if that's indeed all they will be offering over that period.
Meanwhile, HLN is reporting the usual exculpation from them for their spectacular stalling at BRU:
the airport is 'too expensive'. http://www.hln.be/hln/nl/942/Economie/a ... duur.dhtml
Total seat offer from Belgium for next year (note: 'next year' seems to mean the period from april 2018 till april 2019 if I understood well their way of talking?) is said to be close to 8,7M. Based on this, it looks like they are not even claiming to be the biggest airline in Belgium any longer too then, if that's indeed all they will be offering over that period.
Re: Ryanair in 2017
A fiscal year in Ireland runs from April to April and "if that's all they will be offering" as if 8,7 million seats is nothingInquirer wrote: ↑14 Sep 2017, 14:22 Looking forward to your detailed report, André.
Meanwhile, HLN is reporting the usual exculpation from them for their spectacular stalling at BRU:
the airport is 'too expensive'. http://www.hln.be/hln/nl/942/Economie/a ... duur.dhtml
Total seat offer from Belgium for next year (note: 'next year' seems to mean the period from april 2018 till april 2019 if I understood well their way of talking?) is said to be close to 8,7M. Based on this, it looks like they are not even claiming to be the biggest airline in Belgium any longer too then, if that's indeed all they will be offering over that period.
Re: Ryanair in 2017
I don't know how to correct/adjust Wikipedia. Maybe somebody else can do, as Wikipedia seems to contradict our legal top expert in Irish matters:
Wiki: "...Until 2001, the fiscal year in Ireland was the year ending 5 April, as in the United Kingdom. From 2002, to coincide with the introduction of the euro, it was changed to the calendar year, 1 January to 31 December. The 2001 tax year was nine months, from April to December..."
Page to be corrected:
https://en.wikipedia.org/wiki/Fiscal_year#Ireland
Re: Ryanair in 2017
Yeah, well, then there is that ... genius Wouldn't expect more from you then looking further than wikipedia There is a difference between business and personalPassenger wrote: ↑14 Sep 2017, 17:53I don't know how to correct/adjust Wikipedia. Maybe somebody else can do, as Wikipedia seems to contradict our legal top expert in Irish matters:
Wiki: "...Until 2001, the fiscal year in Ireland was the year ending 5 April, as in the United Kingdom. From 2002, to coincide with the introduction of the euro, it was changed to the calendar year, 1 January to 31 December. The 2001 tax year was nine months, from April to December..."
Page to be corrected:
https://en.wikipedia.org/wiki/Fiscal_year#Ireland
References to a company’s financial year end date are references to the last day of the financial year of the company.
Section 288 defines when the financial year of the company starts and finishes.
In general, the directors of a subsidiary should ensure that its financial year ends on the same day as its holding company. This requirement is new.
A company may alter its financial year end if it gives notice to the CRO. One difference in the rules is that a financial year end date may not be changed if it would mean that the company’s financial year would exceed an 18 month period.
If a company has changed its financial year end once, it must wait another five years before it can change it again. There are three exemptions to this rule, and they can be found here (Section 288(10)).
Last edited by sean1982 on 14 Sep 2017, 18:50, edited 1 time in total.
Re: Ryanair in 2017
It appears that the new Malta route from CRL is at the expense of the Malta route from BRU.
My detailed report is here: https://www.aviation24.be/airlines/ryana ... mmer-2018/
André
ex Sabena #26567
ex Sabena #26567
Re: Ryanair in 2017
Ryanair flight from Stansted to Copenhagen is forced to make an emergency landing after one of its nose wheels falls off
Flight FR7384 departed from London Stansted after 8 am on a journey to Copenhagen.
The Boeing 737-800 registered EI-DLV lost one of its two nose wheels after it took off.
The captain diverted his 11-year-old aircraft to East Midlands Airport after circling 15 minutes over Ipswich.
The aircraft at Esat Midlands after emergency landing ©Stefan Kornas on Twitter
Ryanair said passengers would be accommodated on a replacement aircraft.
https://www.aviation24.be/airlines/ryana ... -midlands/
http://www.dailymail.co.uk/news/article ... d-off.html
Flight FR7384 departed from London Stansted after 8 am on a journey to Copenhagen.
The Boeing 737-800 registered EI-DLV lost one of its two nose wheels after it took off.
The captain diverted his 11-year-old aircraft to East Midlands Airport after circling 15 minutes over Ipswich.
The aircraft at Esat Midlands after emergency landing ©Stefan Kornas on Twitter
Ryanair said passengers would be accommodated on a replacement aircraft.
https://www.aviation24.be/airlines/ryana ... -midlands/
http://www.dailymail.co.uk/news/article ... d-off.html
André
ex Sabena #26567
ex Sabena #26567
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Re: Ryanair in 2017
Ryanair will open one new route from Dublin.... to Munich International !
As from 29 of October, Ryanair will fly between the 2 airports with a double daily flight !
Sources : http://corporate.ryanair.com/news/ryana ... stuttgart/ and Ryanair booking system
As from 29 of October, Ryanair will fly between the 2 airports with a double daily flight !
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