Ryanair Share Discussion Threads

[spob] 29/12/2009 22:37

From The Times December 30, 2009

Odds shorten that Monarch will be next airline to fail

Dominic Walsh

Monarch, the privately owned charter carrier, has been forced to deny that it is in trouble after being named favourite to become the next airline sector casualty by a leading bookmaker.

Paddy Power, the Irish bookie, yesterday slashed the odds on Monarch being the next airline to follow Flyglobespan into administration from 50-1 to 4-1 favourite after it received more than 100 bets on the Luton-based group over the previous week.

The bookie, which has pushed Wizz Air out to joint second-favourite, alongside Finnair at 11-2, said: "Punters seem to have latched on to Monarch in a pattern that echoes betting patterns in the run-up to the demise of XL Airways in September last year." Paddy Power said that it had taken about £7,000 of bets on the airline.

Monarch, which is owned by the Mantegazza family of Switzerland, who also control Cosmos, the tour operator, said that it categorically refuted the suggestions made by Paddy Power, dismissing them as a publicity stunt. It added: "Monarch is the UK's oldest airline still operating under its original brand name. It is privately owned by wealthy shareholders and has accumulated substantial assets in its balance sheet over its 41 years of profitable trading."

It said that it had launched new routes to Turkey for next summer and had invested almost $1 billion (£628 million) in a fleet of six Boeing 787 Dreamliners.

[4screws] 29/12/2009 19:16

cpm thank you. so my hbos account will then be showing it in £ sterling.not quite got my head round it.

[cpm] 29/12/2009 18:27

Ignore previous quote wrong share.
RYA Bid: €3.3925 Offer: €3.4025 Shown in euros on TD Waterhouse but converted to £ when bought.

[cpm] 29/12/2009 18:10

DDE Bid: €0.031 Offer: €0.0375 Shown in euros on TD Waterhouse but converted to £ when bought.

[4screws] 29/12/2009 17:15

what is the current price to buty this please and on the stock exchange is it shown in euros or pounds sterling

[lbo] 22/12/2009 21:36

Ryanair to pull more routes

[4screws] 21/12/2009 16:57

i bouthr some rya today..but althought the price went up hbos are shwing that it went down but is this shown as euros or sterling...anyone help me out.

[sir brainy] 19/12/2009 21:18

See marketslive @ FT.com

[spob] 19/12/2009 09:38

Ha Ha Ha

More good news for Ryanair



BA 'unable to close final salary fund'

By Karl West
Last updated at 10:42 PM on 18th December 2009

British Airways is not able to close its final salary pension scheme because of an arcane postwar agreement that means the airline cannot cut pay or pensions, experts say.

Former government pensions adviser Dr Ros Altmann believes this little-known pact, called the 1948 Redeployment Agreement, goes a long way towards explaining why BA hasn't already shut its retirement savings scheme to existing members.

Around 30 companies have this year given their generous defined benefit pensions the chop, including big guns Barclays and BP. But the flag carrier has delayed taking decisive action.

Union Unite is still threatening to ballot members for strike action despite having a previous vote overturned by the High Court this week.

Dr Altmann believes the 1948 agreement could also explain why BA chief Willie Walsh is keen to shift staff on to new contracts, which are not covered by the current rules.

These new contracts have enraged BA's cabin crew union Unite, which is still threatening to ballot members for strike action despite having a previous vote overturned by the High Court this week.

The Redeployment Agreement has been a source of huge conflict between the airline and the union in the current stand off. One letter, dated October 27, sent by Unite national officer Steve Turner to BA negotiator Tony McCarthy, highlights this.

Turner said: 'Recent communications from Bill Francis (head of inflight customer experience at BA) in particular have explicitly stated that new redeployment arrangements have been agreed with the trade union national officers.

'This is not true, you know it is not true and I expect you to put the record straight immediately. As you are very well aware, the national officers have no agreement with you on changes to the British Airways Redeployment Agreement.'

BA this week revealed the combined deficit of its two final salary pension schemes - Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS) - has ballooned to £3.7bn.

The loss-making carrier has stressed it has no more cash to pump into the scheme in order to reduce that shortfall.

Pensions experts, like Dr Altmann, believe BA has little choice but to close the scheme to all members and shunt workers into a less generous defined contribution scheme.

BA (down 2.1p at 190.1p) declined to comment on the agreement, saying only that it is in talks with trustees, unions and staff about forming a recovery plan for the scheme.

[spob] 18/12/2009 11:02

or wizz air takeover

[bongo bwana] 18/12/2009 09:29

Plenty of cash for divvies!!!!!!

[lbo] 16/12/2009 21:33

Airlines nosedive into bigger-than-expected losses



The world's airlines will rack up losses of $5.6bn (€3.8bn) in 2010 to add to the $11bn they'll have lost by the end of this year, the International Air Transport Association (IATA) has predicted.

The forecast loss for 2010 is more than the $3.8bn (€2.6bn) estimate IATA had previously pencilled in. IATA's director general Giovanni Bisignani said that while the worst was behind the aviation industry, fuel costs were rising and yields -- the fares paid per flight -- were a "continuing disaster".

[spob] 15/12/2009 23:16

On a wider note - industrial action is always a boon for the striking carrier's competitors.



To wit, the below note from Collins Stewart airline analyst Andrew Fitchie:

[The BA strike] is likely to lead to a significant windfall for easyJet, its closest competitor, as well as other airlines who fly in and out of the UK, including Ryanair, Flybe, Lufthansa and Air France.

We are forecasting easyJet will fly over 4m seats in December and close to 4m seats in January. If it manages to fill 10% more of these seats due to the BA strike and this would only push load factors into the low 90s (inline with summer peaks) then this could represent more than 400,000 additional passengers. At £100-£150 for each ticket (with ancillaries on top), there is a £40m-£60m revenue possibility with scope for this to be higher. Marginal costs are low airport charges, handling charge and a little bit of fuel so most of this will drop to the bottom-line. With Consensus forecasting £162m of pre-tax profit in FY 10, this is a very material (albeit one-off) benefit.

[bongo bwana] 08/12/2009 14:03

He has an alternative to Boeing!

Pompus ? Probably,

Arrogant? - Undoubtedly,

Would i like him to be the CEO of all the firms Im invested in? YES PLEASE

[ed the business] 04/12/2009 21:37

There was a Redburn note on Ryanair yesterday that's still getting some attention.NH:
(Throg - that's not very nice)BE:
This is from Tim Marshall, who was formerly UBS I thinkNH:
oh yesNH:
this was the cash return ideaNH:
now that Ryanair is toying with the idea of going ex-growthNH:
a utility type airlineBE:
That's the one.BE:
Ryanair is currently in talks with Boeing with a view to ordering 200
aircraft to facilitate growth from 2013 to 2016. Even with an aircraft deal,
capacity growth will slow to less than 10%, but with no new deliveries
growth will drop close to zero. In this scenario there will be significant
upward pressure on average fares as the route network matures.BE:
Southwest Airlines slowed growth in the 1990s, resulting in higher returns and
10% annual outperformance against the S&P 500 for a decade. We expect slower
growth will have a similar positive impact on Ryanair returns. Furthermore, its
historic over-investment should lead to a period of stellar cash generation.BE:
Our confidence in fare increases is a function of the youth of Ryanair's network
– half of its capacity flies on routes less than three years old. Discount fares are
needed to invest in new business, which drags down the average fare. This
reverses as routes mature, so leading to significantly higher fares.BE:
Superior cash generation will drive shareholder returns. Ryanair's fleet is three
years old and can sustain minimal medium-term capex. On our numbers, Ryanair
can pay out €1 per share in 2012 and maintain cash amounting to 20% revenue.
This would leave the shares trading on 4.5x FY12 EPS.BE:
easyJet growth is moving in the other direction having not grown capacity in
2009. It flies on more mature routes from which we believe there is less upside to
pricing. The balance sheet is not as strong as Ryanair's and does not offer such
a cash return. It trades on 12.7x FY10 and 9.2x FY11. We rate the shares Neutral.

[spob] 04/12/2009 08:59

Ryanair's Traffic Grows 15% in November

[bongo bwana] 02/12/2009 13:36

missed that!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[lbo] 30/11/2009 10:27

Ryanair named worst family brand in UK