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Old August 14th, 2008, 09:28 AM   #1501
Skyprince
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As far as I know Air Asia carried around 18 million pax in 2007, up from around 13 million in 2006. This is a rise of more than 40%. This year it's expected to breach 20 million mark.

What is surprising is that when oil price is shooting up Air Asia seems to get much stronger and its expanding like crazy . In the past 3 months alone AK has added Perth, Manado, Makassar & Guilin to its network, introducing many new lines within its existing destinations and increasing frequencies very sharply. This week it raised KL-Hanoi and KL-Hong Kong to double daily service.
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Old August 14th, 2008, 02:22 PM   #1502
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^ I'm not claiming that Ryanair and EasyJet have the fastest growth in percentage terms. After all any tiny startup airline going from a fleet of 1 to 5 planes can enjoy 500% growth or more over a year or two. However I am claiming they have the fastest growth in terms of new passengers added per year. On that score they easily outshine AirAsia. I've just posted the figures for July 2008 but if you compare that to the figure from the same month two years ago (ie July 2006) you can see the following:

July 2006
EasyJet = 32,442,551
Ryanair = 37,626,423

July 2008
EasyJet = 42,020,751
Ryanair = 54,190,000

So in two years AirAsia added 5 million new passengers but EasyJet added almost 10 million new passengers (30% growth) and Ryanair added 16.6 million new passengers (44% growth). Their combined growth over those two years (26 million) is therefore more than AirAsia's entire traffic (18 million). Indeed Ryanair's new growth alone is close to AirAsia's entire traffic. If you go back to the oldest figures on this thread then the change is even more dramatic.
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Last edited by Langur; August 14th, 2008 at 02:34 PM.
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Old August 14th, 2008, 02:24 PM   #1503
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Quote:
Originally Posted by Langur View Post
Wow I thought this thread had disappeared without trace! I couldn't retrieve it even using the search function! An update on the figures is now long overdue. It's good to see EasyJet sailing past the 40 million mark and the combined total of both airlines closing on the 100 million mark:


Rolling 12 month passenger totals to April 2008:
EasyJet = 40,071,680
Ryanair = 51,550,000

Percentage increase in passengers since April 2007:
EasyJet = 15%
Ryanair = 15%

Load factor (ie percentage bums on seats) in April 2008:
EasyJet = 83.2%
Ryanair = 81%



Rolling 12 month passenger totals to May 2008:
EasyJet = 40,604,175
Ryanair = 52,460,000

Percentage increase in passengers since May 2007:
EasyJet = 15.9%
Ryanair = 22%

Load factor (ie percentage bums on seats) in May 2008:
EasyJet = 83.2%
Ryanair = 81%



Rolling 12 month passenger totals to June 2008:
EasyJet = 41,276,487
Ryanair = 53,290,000

Percentage increase in passengers since June 2007:
EasyJet = 19.5%
Ryanair = 19%

Load factor (ie percentage bums on seats) in June 2008:
EasyJet = 83.3%
Ryanair = 84%
Rolling 12 month passenger totals to July 2008:
EasyJet = 42,020,751
Ryanair = 54,190,000

Percentage increase in passengers since July 2007:
EasyJet = 20%
Ryanair = 19%

Load factor (ie percentage bums on seats) in July 2008:
EasyJet = 89.3%
Ryanair = 89%
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Old August 14th, 2008, 03:17 PM   #1504
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Quote:
Originally Posted by Langur View Post

July 2006
EasyJet = 32,442,551
Ryanair = 37,626,423

July 2008
EasyJet = 42,020,751
Ryanair = 54,190,000

.
In terms of number ( and not percentage ) growth Ryanair & Easyjet win hands down for sure !

Why don't both airlines start their own long-haul operations ? I think they can compete well with Emirates, Qatar, Singapore, Cathay etc if realized
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Old August 15th, 2008, 01:39 PM   #1505
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^ Seems like Ryanair may be ahead by percentage too. They do have plans for longhaul, Ryanair has talked of Trans-Atlantic services not so long ago, however it would be a departure from their core business model and in the meantime there is still much potential for further expansion in Europe and the Mediterranean.
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Last edited by Langur; August 15th, 2008 at 01:44 PM.
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Old August 15th, 2008, 02:33 PM   #1506
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The successful LCC model so far is short-haul flights of less than 3 hours.
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Old August 15th, 2008, 09:49 PM   #1507
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RyanAir announced a bunch of new routes from Stockholm not too long ago but now they have also announced that a bunch of routes from Stockholm will be cancelled during wintertime due to low loads.
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Old August 15th, 2008, 09:52 PM   #1508
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Quote:
Originally Posted by hkskyline View Post
The successful LCC model so far is short-haul flights of less than 3 hours.
Zoom Airlines do well with long haul low cost, FlyGlobespan also have succesful long haul routes.
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Old August 16th, 2008, 08:02 PM   #1509
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Quote:
Originally Posted by GlasgowMan View Post
Zoom Airlines do well with long haul low cost, FlyGlobespan also have succesful long haul routes.
I don't think Zoom is a truly low-cost carrier though. They offer full meal service and allow free checked baggage.
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Old August 17th, 2008, 06:23 AM   #1510
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Quote:
Originally Posted by GlasgowMan View Post
Zoom Airlines do well with long haul low cost, FlyGlobespan also have succesful long haul routes.
I understand that two of FlyGlobespan aircraft were grounded for violation of safty regulations - is it taking risks to keep costs down?
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Old September 3rd, 2008, 06:49 AM   #1511
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Ryanair sees drop in ticket touts, EU ends probe
By Pete Harrison

BRUSSELS, Sept 2 (Reuters) - Europe's biggest budget airline Ryanair said it was winning its battle against ticket touts, and the European Commission said it had ended a probe into the carrier over the conflict.

At the start of this month, the Irish airline began cancelling and reimbursing around 450 bookings a day made by online ticket agents known as screen scrapers who were selling the tickets to passengers at inflated prices.

The company also said screen scrapers were slowing its website, preventing its usual customers from making bookings, and violating its terms and conditions, price guarantees and copyright.

Media reports said many passengers were angry after missing holidays as a result, and the European Commission wrote to Ryanair seeking information on whether the airline was breaking laws on passenger rights.

But Tuesday, the Commission said it had ended its probe.

"Yes, that is the end of the matter for now," a Commission spokesman said. "The Commission has received no actual complaints from passengers ... but of course we have reiterated our warning to Ryanair."

"If a passenger is denied boarding, the regulation on passenger rights would apply -- passengers would be entitled to reimbursement and assistance."

A Ryanair spokesman also said he had heard no reports of passengers being denied boarding at any airports and it seemed the message was getting through to screen-scraping websites.

"At the start of August we were cancelling around 450 tickets a day booked by screen scrapers," he added. "Last week, it was down to 60 to 70 a day."

Last week, Ryanair said a German court had upheld an injunction against ticketing website Vtours.de, which was previously selling Ryanair tickets.

The airline said in August that Irish screen scraper BravoFly Ltd had agreed to stop using Ryanair's website after the airline took legal action.

Ryanair said it had also provided the European Commission with evidence of four websites, Bravofly.com, Edreams.com, Volgratis.com and Wegelo.com, on which the airline's ticket prices had been inflated by 200-300 percent.
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Old September 5th, 2008, 12:28 PM   #1512
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Ryanair Aug passenger traffic rises, loadings dip

DUBLIN, Sept 4 (Reuters) - Ryanair Holdings Plc said on Thursday it carried 5.78 million passengers in August, 19 percent more than a year earlier, though the average flight was slightly less full.

Europe's biggest low-cost airline said its load factor, a measure of how well a carrier is filling available seats, was 90 percent in the month, down from 91 percent in August 2007.

"Ryanair are confident that passenger numbers will continue to remain strong," it said in a statement.
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Old September 5th, 2008, 02:10 PM   #1513
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Quote:
Originally Posted by Langur View Post
Rolling 12 month passenger totals to July 2008:
EasyJet = 42,020,751
Ryanair = 54,190,000

Percentage increase in passengers since July 2007:
EasyJet = 20%
Ryanair = 19%

Load factor (ie percentage bums on seats) in July 2008:
EasyJet = 89.3%
Ryanair = 89%
Rolling 12 month passenger totals to August 2008:
EasyJet = 42,900,136
Ryanair = 55,120,000

Percentage increase in passengers since August 2007:
EasyJet = 23.7%
Ryanair = 19%

Load factor (ie percentage bums on seats) in August 2008:
EasyJet = 91.3%
Ryanair = 90%


A combined total of 98 million pax pa now. Well on track....
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Last edited by Langur; September 8th, 2008 at 02:22 PM.
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Old September 5th, 2008, 04:54 PM   #1514
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New Ryanair route announced from Glasgow Prestwick to Turin, Italy.
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Old September 10th, 2008, 04:27 AM   #1515
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Ryanair delays new routes due to Boeing strike

LONDON, Sept 9 (Reuters) - Irish low-cost airline Ryanair has delayed 11 new routes blaming a machinist strike at planemaker Boeing which has caused the indefinite delay of two new aircraft.

The company said on Tuesday the launch of new routes between Scottish capital Edinburgh and a range of destinations from Bournemouth in the UK to Lodz in Poland would be delayed by six weeks to November 5.

Deputy Chief Executive Michael Cawley said two new 737-800 planes had been ordered to fly on these routes, but would not arrive on time due to the Boeing strike.

"Passengers who were booked to travel on our new routes during this initial six week period will be refunded over the next seven days," he said in a statement.

The strike by 27,000 Boeing machinists threatens to cost the world's top-selling planemaker $100 million a day and affect suppliers around the globe. Ryanair is among the first to announce disruption, but more may follow depending on the length of the strike, which is into its fourth day.

A Ryanair spokesman said the airline was currently reviewing how the strike would affect other deliveries. New routes set to be launched later this year include Liverpool in the UK to Paris, and London Stansted to Agadir, in Morocco.

He added the group could launch the Edinburgh routes in November regardless of how the strike develops because the firm was freeing up aircraft by closing routes for the winter.
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Old September 14th, 2008, 09:13 PM   #1516
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Ryanair looks cheap after fall in oil price
14 September 2008
The Sunday Independent

Despite the collapse in oil prices to under $97 a barrel the Ryanair share price has barely budged.

With the long-awaited shakeout among the financially weaker airlines finally under way investors may be missing a trick here.

Remember the doom and gloom when Ryanair reported its first quarter results at the end of June. With oil prices at over $130 a barrel the budget airline revealed to shocked shareholders that it was expecting to, at best, break even and could possibly lose up to €60m this year.

If the most pessimistic forecasts had been accurate it would have represented a massive €511m turnaround from the €451m pre-tax profits recorded by Ryanair in the 12 months to the end of March.

But of course the most pessimistic forecasts proved to be way wide of the mark. After peaking at over $145 in mid-July oil prices ended the week at just under $97 a barrel. Even when the impact of the fall of the euro against the dollar is taken into account oil prices have still fallen by about a quarter in euro terms.

This is good, good news for Ryanair.

Every $1 fall in the price of oil adds about €12.5m to Ryanair's annual profits. If the current fall in oil prices is sustained then Ryanair is capable of earning pre-tax profits of up to €500m a year more than had previously been estimated.

Someone obviously forgot to tell the markets where the Ryanair share price is languishing at just €2.74.

At that price the whole company is valued at a mere €4bn. For a company that has the potential to churn out annual profits of close to €500m at the current oil price that's a steal.

If investors don't snap up the shares at the current price then they shouldn't complain if Michael O'Leary ends up taking the company private on the cheap.
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Old September 18th, 2008, 12:49 PM   #1517
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EasyJet holds guidance but sees less winter travel

LONDON, Sept 17 (Reuters) - British budget airline easyJet said it still expected full-year pretax profit to fall to 110 million pounds ($197 million) to 120 million, and predicted a 2 to 4 percent fall in airline travel this winter.

"The outlook for the financial year ending Sept. 30, 2008 remains unchanged," easyJet said in a statement on Wednesday ahead of a meeting with analysts and investors .

EasyJet said it expected strong growth in total revenue per seat seen over the summer to moderate in the winter months due in part to the weakening consumer environment in Britain.

"Whilst we expect industry capacity reductions over the winter to be in the region of 2 percent to 4 percent, it remains a volatile market and too early to anticipate the impact on yield of the capacity changes," it said.

Analysts at Numis Securities said they feared capacity reductions of 2 to 4 percent would not be enough to offset the likely downturn in demand.

"We remain concerned about the trading outlook over the winter as pressures on the consumer accumulate and the outlook for employment in the UK deteriorates," they wrote in a research note.

EasyJet stock, which has lost over 40 percent of its value so far this year, was up 4.4 percent at 0855 GMT, having been 6.6 percent lower earlier during a volatile session.

To minimise the impact on profitability of high fuel prices, easyJet said it had reined in its growth plans for the winter and expected the increase in seats flown to be in low single digits versus a year earlier.

Deutsche Bank analysts said they also saw risks from the worsening economic environment and that investors did not appear to have priced in their forecast that the airline would not make a profit next year.

"Although easyJet is in our view doing the right thing by reining back growth this winter and also giving more certainty by raising the level of hedging, we maintain our 'Sell' rating," they said.

EasyJet said it had hedged 48 percent of its fuel requirements for 2008/09 at $1,225 per tonne. EasyJet has hedged 70 percent of its dollar requirement at a rate of $1.96 to the pound.

The airline said it expected to have cash reserves of about 900 million pounds at the end of September.
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Old September 19th, 2008, 10:08 AM   #1518
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Ryanair says will break even at $100 a barrel oil

DUBLIN, Sept 18 (Reuters) - Irish low-cost airline Ryanair said on Thursday it would break even in the current year if oil stays at $100 a barrel, and would return to "substantial profitability" next year if the price continues to fall.

Europe's biggest budget carrier said in late July it expected a full-year result between breakeven and a loss of 60 million euros ($87.03 million).

Ryanair's shares rose over 7 percent on Thursday following the improved guidance.

However, Chief Executive Michael O'Leary warned shareholders that savings on cheaper fuel this year may be offset by declining passenger numbers as "economies go into recession and consumer confidence plummets".

"While ... profitability declines steeply in the current fiscal year, our cost-reduction programme and significantly lower oil prices -- if they persist at under $100 per barrel -- should lead to a return to substantial profitability in the next fiscal year," he said on Thursday as oil traded around $100.

O'Leary said while he had "screwed up" by not hedging the airline's fuel needs at under $100 barrel, he hoped the lower fuel prices would help and added the carrier was still unhedged for the fourth quarter.

"We are unhedged beyond the end of December -- that is the right place to be," he told reporters after the company's annual shareholder meeting.

"We are looking at whether we should hedge at $100 a barrel but our view is frankly that oil is going to fall further because the economic downturn this winter is going be extremely severe."

O'Leary said at $100 a barrel that "could add anything to reduce our costs by 300 million euros next year".

"The question is how much of that will we have to give away in lower fares," he said.

Ryanair's shares were up 5.2 percent at 2.69 euros by 1350 GMT, outperforming a 0.1 percent drop on the Irish market. It shares in London were 3.8 percent higher.

O'Leary echoed the industry view that a run of airline bankruptcies was set to continue.

"We believe there will be further airline bankruptcies in Europe over the coming weeks, as more of Europe's non-viable, loss making airlines run out of cash or their credit facilities are withdrawn," he said.

O'Leary said Ryanair had no plans at the moment to make another bid for rival airline Aer Lingus after his move last year was blocked by the European Commission on competition grounds.

He added the strike by machinists at U.S. plane maker Boeing could cause some opening delays for new bases planned for spring 2009.

"We may have to delay some of the base launches by a month or two maybe from April to May," he said. "But we think the aircraft deliveries won't be hugely affected by even a 6 or 8 week stoppage."
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Old September 24th, 2008, 10:39 AM   #1519
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EasyJet says can step in to fly Alitalia routes

LONDON, Sept 23 (Reuters) - British airline easyJet could add new Italian routes at short notice in the event of the total collapse of Alitalia -- although it would expect to be awarded airport slots in return.

A spokesman for the low-cost carrier told Reuters on Tuesday that it could commit around ten aircraft on routes such as Milan-Rome, Milan-Naples and Milan-Palermo.

"EasyJet is prepared, at very short notice, to move into routes the Italian government cares about most ... We could commit in the region of ten aircraft," the spokesman said.

Italy's loss-making national airline Alitalia has been sticking to its flight schedules despite the prospect of losing its operating licence in just a few days, unless the special administrator comes up with a credible new offer or cost-cutting plan by Thursday.

However, easyJet said it would not wish to buy Alitalia's vacant slots in the event of its collapse, but would expect to be awarded them by the Italian government in return for a swift resumption of service.

"To operate on that route (Milan-Rome) easyJet would need to be given slots. If so, we would operate a number of routes per day," the spokesman said.

EasyJet's arch rival Ryanair, which also has a significant presence on domestic Italian routes, declined to comment on its plans.

Alitalia also operates ten flights a day from London's Heathrow, but easyJet said it had no plans to start operations from the UK's busiest airport.

British Airways, which has by far the most slots at Heathrow, with over 40 percent of the airport's total availability, would not comment specifically on Alitalia but said it would look at opportunities to expand its portfolio.

"We are always looking for opportunities to increase our slot portfolio at Heathrow," a spokesman told Reuters.
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Old September 24th, 2008, 06:58 PM   #1520
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Ryanair plots transatlantic price war
Ryanair is preparing to trigger a transatlantic fares war as it seeks to cash in on the crisis engulfing the aviation industry.

Low cost flights could be run from London Stansted, Glasgow Prestwick and Birmingham to New York under the airline's plans.

They would be operated by a new company, which Ryanair would set up purely to take on the established airlines on the route.

Senior executives at Ryanair first floated the idea of entering the transatlantic market more than a year ago. But at the time it appeared to be little more than a pipe dream.

But soaring fuel prices over the past 12 months and more than two dozen airline failures have dramatically changed the landscape making it far easier for Ryanair to enter the market.

With the industry bracing itself for a number of airline mergers, Ryanair now believes it will be harder for the European Union to block its bid for Aer Lingus, the Irish national flag carrier.

"I think the whole European agenda has changed," said Howard Millar, Ryanair's deputy chief executive.

He added that should the bid be approved the new carrier would use some of the 15 long-haul planes Aer Lingus has on order for the new service.

In addition the Ryanair offshoot is ready to hold talks with leasing companies over the possibility of acquiring some new Boeing 787 dreamliners.

This has become possible because of the slump in the airline industry, which is expected to bring down the cost of leasing aircraft.

Even though it could take a few years before the new carrier begins operating, it is now clear that the strategy is at an advanced stage, with Ryanair talking about the type of fuel-efficient aircraft it would need.

Underpinning the company's plans is the belief that other weak carriers will go to the wall over the next few months.

"This industry is in a rapid period of change. Smaller carriers will not survive as Europe moves towards recession," Mr Millar said, adding that Ryanair planned fare cuts this winter to "help a few carriers on their way" to failure.

In the short term, Ryanair expects to offer passengers the chance to make mobile phones on some of its aircraft from next month.

The company also plans axeing some of its 15 French routes during the winter, but Mr Millar declined to say which services were at risk.
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