AJ wrote:But its only right Joe public want`s it`s share of the cake when they have consistantly fed the fat cat`s and shareholder`s. Company`s are so hung up on making billion`s in profit that they dont care about you the consumer once you have handed over your money.
AJ Adele
That's a dangerous path for you to go down unless you've read Ryanairs results and details of directors pay I think. A quick look at their filings shows it's not unreasonable. It's bad year for all airlines and Ryanair are struggling, like the whole company O'Leary took a pay freeze and lost part of his bonus this year, oddly not as widely reported ) Their profits aren't exactly fantastic either, the share price has never been too good and "analysts" have always claimed Ryanair could make more money with higher prices which they've resisted.
Ryanair are a business, as a customer if you think it's excessive then don't use them. They're not selling water or electricity or food or anything that's actually essential, they're selling cheap flights so people with disposable income can have some cheaper and extra holidays.
Dave Mac wrote:Did Ryanair do this in the right manner? It may be argued that they have done. If people have, by using third parties, been paying over the odds, (and they cannot have been paying the same price as with Ryanair direct), then by taking a quick short term action, Ryanair may be doing it's real customers a favour.
In the end they probably are, the back story is the O'Leary wants to carry on with low prices even in this climate and even wants to lower them. He's hedged fuel (a new move) at the equivalent of $120 a barrel for oil which is a gamble and they need to squeeze every penny, their margins are non-existent. Whether anyone chooses to fly with Ryanair or not, their mere presence in the market forces prices down. People seem to have forgotten how much air travel cost 10 or 15 years ago, in fact my guess is that they never really knew and the that prior to Easyjet et al had never flown scheduled around Europe. When I worked in France flights were 700 or 800 quid a week to get there and back, even BA don't charge that now.