What was the load factor for these 30 a day flights? Indeed what was the LF for whole of April? RYA usually publish these figures but for some reason I can't find it for April. Can you help as you're the expert on how many planes they have flying.
It's not "sheet" sage. Michael O'Leary himself admitted on TV he has 30 million customers waiting for refunds and that they'll have to wait "months". Nice of him to be so vague on that! Google it if you don't believe me. Also , the SP is down 45% which in my book is not "a bit" as you state. All facts, no "sheet".
a bit ??? RYA are down 45%. I'd call that more than "a bit". They were at 16.4€ in Feb - now 9€. Down 45% in 3 months. Fact. They are also holding on to 30 million customers cash refunds. Abysmal company.
RE: as expected today, the sector one of few taking a bath11 May 2020 11:29
sage - I see that you're still condoning this cowboy's illegal holding onto the cash of 30 million customers who've demanded refunds. This at a time when people have lost jobs, businesses and family members. O'Dreary said it will take "months" to process all the refunds. This is not the way to run a business in my book - abysmal customer service. 8€ coming.
As if airlines didn't have enough trouble already it seems anyone arriving from abroad will have to self quarantine for 14 days. This will apply even if it was a business trip there and back in the same day. This is another heavy blow to airlines future income at a time when it seems most countries are starting to relax lockdown measures. So it seems very clear to me that while other sectors will be gradually returning to work and profit, airlines will be way behind. Add to this the natural fear that people will have of catching Covid on a flying petri dish and the outlook is very bleak for all airlines.
Now the CAA has stepped in. "Under the law, consumers are entitled to receive a refund for their cancelled flights, despite the challenges the industry is currently facing," it said.
"We support airlines offering consumers vouchers and rebooking alternatives where it makes sense for the consumer.
"But it is important that consumers are given a clear option to request a cash refund without unnecessary barriers."
The regulator said it did not expect airlines to "systematically" deny consumers their right to a refund.
"We expect airlines to provide refunds for cancelled flights as soon as practically possible, whilst appreciating there are operational challenges for airlines in the current circumstances."
Ryanair boss Michael O'Leary has said it will take up to six months to refund passengers for flights cancelled because of the coronavirus pandemic.
The Civil Aviation Authority (CAA) said it could take action against airlines.
"We are reviewing how airlines are handling refunds during the coronavirus pandemic, and will consider if any action should be taken to ensure that consumer rights are protected," the regulator said in a statement.
RE: I was admiring your contribution07 May 2020 19:51
sage, my "fewer people flying" was a correction to the grammatically incorrect "less people flying". I wouldn't expect you to understand. You took the bait as expected. BTW - I got upticked, your reply didn't.
RE: KIER - Underperformance - again!07 May 2020 11:25
Jenrick (UK Communities Secretary) suggested that the construction sector should return to work “wherever possible” and hinted that this will be part of the Prime Minister’s announcement on Sunday when he will unveil plans for an easing of the lockdown. Earlier, Scotland’s First Minister Nicola Sturgeon insisted there was no change to her policy on keeping construction sites closed, even though a number of house builders have resumed work south of the border.
Delivering the UK government’s daily briefing Mr Jenrick noted that work on the HS2 rail project had restarted.
Mixed messages and uncertainty not good. 649 Covid deaths yesterday - still way too many deaths to think about much easing of lockdown. On Sunday expect Boris to tinker a tiny bit and forecast some vague future scenarios but lockdown to remain solidly in place for 3 more weeks.
RE: Went to Palma EZJ a while back from luton07 May 2020 11:13
Ryanair carried 40,000 passengers in April - down from 13.5 million in the same month last year. SP is a bubble waiting to burst. Very risky holding RYA over this Bank Holiday weekend. My prediction stays at 8€ but tempted to move it to 7€.