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[loganair] 01/5/2020 11:06

Ryanair aims to conclude talks with Boeing on a new plane order in the next two weeks, but possible price cuts or cancellations related to an existing 737 MAX order are also part of the discussions.

“Pricing is part of the discussion, cancellations are part of the discussion.”

“We are facing the reality that we will be flying a lot less passengers in the next 12 months and over the next 2-4 years we’ll be flying a lot more passengers but at much lower prices and that is going to have to be reflected in lower aircraft costs,” O’Leary said.

The CEO said he believed the grounded MAX would be back flying by July or August and that he expected Ryanair to take its first deliveries of the plane by next summer.

“I would be very optimistic that we would have some MAXs next summer, the question is whether we will have 30 MAXs or 10. At this stage I am not quite sure.”

[davethehorse] 01/5/2020 10:58

£1 price target once its all done and dusted

[m1k3y1] 01/5/2020 10:44

errrm 962.....please show me where I said QF were correct .

What I said was...there are other options.
Look at what IAG has done for Iberia and Vueling.

[962962] 01/5/2020 10:40

m1k.It's beyond me how you can say QF are correct.Stood down,no pay,unpaid leave,zilch paycheck at month end.Feel sure the aussie equivalent of Tesco or The Halifax are falling over backwards to dish everything out on production of a Quantas contract

[m1k3y1] 01/5/2020 10:32

Looks like just the British Employees getting sacked !
As I said it is just opportunism.

IAG’s Spanish carriers secure €1bn in financing under state-backed loans

[m1k3y1] 01/5/2020 10:30

962......how you can say "any departing BA staff will think they got a good deal" is beyond me.

In 45 days they will be losing their jobs !

[962962] 01/5/2020 10:25

Ham.Good point.2 days ago BA dropped the bombshell,BIG news,yesterday LGW bombshell BIG news.Wednesday and yesterdays news is now old news,the big news today is Ryanair,tomorrow that will be old news,unless you are involved it will be forgotten about.But look at the big picture.Both BA and Ryanair,like it or not,were/are well run.Strong balance sheets/Money in reserve and good profit makers.If you want a bomshell of cataclysmic proportions its just around the corner,a certain airline with little money in reserve,and not made a profit in years,and cursing to high heaven that BA/Ryanair are holding fast against a bailout hampering their chances,which to be honest are virtually zero,watch the fallout and staff reaction to that one.When it's out any departing BA staff will think they got a good deal,no matter how bad it may be

[careful] 01/5/2020 10:15

Just been watching O'Leary of Ryan Air on Bloomberg.
They are not just making staff redundant, the survivors will have to take a 20% pay cut.

He blames vast subsidies to larger loss making competitors.
Discussing cancellation of orders.

[careful] 01/5/2020 10:11

Yes, will things go back to normal is the question we are all asking.

Only 6 months ago we were all divided by Brexit.
A nation divided into remainers and leavers.
We were told that the wounds would take years to heal.

Here we are, a few months and a general election later never discussing Brexit.
Could not care less, can't remember which way we voted.

As you say, we soon forget.

[m1k3y1] 01/5/2020 10:09

Ham.......unpaid leave still provides job security on existing terms.

962....

[hamhamham1] 01/5/2020 09:55

Careful. Give it a couple of years and things will go back to 2019 levels, and above no doubt.
Same with everything, it seems the end of the world, then the moment passes and memories fade. Then we'll all go nuts and over indulge for another decade. It's in our DNA. And is what makes us humans successful, yet fallible.

[careful] 01/5/2020 09:47

Not just airlines, many businesses will drastically downsize.
Retail, Motor, Hotels, Pubs, universities.
All screaming for government cash that does not really exist.

Compound growth of recent years has come to a sudden stop.
There was a shortage of pilots in recent times, older pilots avoided forced retirement.
Waiting lists for the most popular aircraft were common.

All of a sudden someone switched the lights off.
In some ways it is a return to sanity.

The lockdown has taught us that we do not need to dash around simulating a life of great purpose, an illusion of activity.
A simpler life, the clock has been turned back decades.

[962962] 01/5/2020 09:47

m1k.re the QF leave deal.Is this paid or unpaid leave

[hamhamham1] 01/5/2020 09:44

Although Quantas are being very generous, but that's probably to offer against the equiv UK gov furlow payments, which are larger I would imagine.

[hamhamham1] 01/5/2020 09:41

Is there any advantage to being on unpaid leave, like Qantas, rather than being made redundant? The way i see it is if you are not turning up for work and not getting paid, it's all symantics?

[m1k3y1] 01/5/2020 09:31

There is no enhanced VR....just statutory redundancy .

Qantas has put 20,000 staff on leave.
There are other options but Walsh does not want to use them.

Note, IAG are not taking the same approach with their non British airlines.

[jailbird] 01/5/2020 09:27

I know the enhanced VR being offered before lockdown has been withdrawn

[m1k3y1] 01/5/2020 09:25

ham.......they are not proposing to keep 2/3rds of staff.
They are saying that ALL staff will be made redundant , or offered new contracts at much reduced terms and with all historical contractual agreements extinguished.

There are many other options available to them, including unpaid leave, voluntary redundancy, reduction in pay for 1-2 years etc BUT they are only interested in this option, which is everything they have ever wanted.

It is pure opportunistic exploitation and totally inexcusable.
Oh and job losses start in 45 days !

How would you feel !

[jailbird] 01/5/2020 09:24

Some of that will be offset by outsourcing and remaining staff may be asked to take pay cuts

[jailbird] 01/5/2020 09:22

So approx £200m give or take

[hamhamham1] 01/5/2020 09:15

I do think markets may pick up next early next week when Boris announces the opening up of some parts of society and businesses maybe?

[hamhamham1] 01/5/2020 09:11

M1. The gov is only going to pay furlows for a few months, so if air travel demand is lower for a couple of years, surely its better for crew to get some redundancy and the offer that they can come back when things pick up. Obviously they will still keep about two thirds of staff, so can cover capacity for intermediate times.
It's just that you can't have staff doing nothing whilst demand is low, it sounds brutal but the new norm for a while could be flight averse until a vaccine is available.
Yrs airlines need to be around in the future but they still have to cut their cloth to actual demand.

[m1k3y1] 01/5/2020 09:06

Maximum statutory redundancy payment is £16,140.
BA saying they will only pay statutory redundancy .

So their costs will be very low , certainly not 1B.

Redundancy payments in Europe are substantially higher , which is why, no doubt, IAG are targetting BA with British Employees and not the rest of their European staffed airlines.

[hamhamham1] 01/5/2020 09:02

Travel/Leisure are this years Banks (when it come to recessions).

[npp62] 01/5/2020 08:57

Good luck with that Ryanair, if you work on that basis no companies anywhere would get any state funded aid, and you could extend that to individuals being furloughed on that basis, which would be ridiculous. Anyway I'm not sure how many AOCs they hold, so this might not be relevant, especially as many UK citizens are employed by Ryanair (on awful terms no doubt) but being mainly an Irish asset, and certainly with an Irish AOC, why would a UK Government aid Ryanair any more than they would Air France, or Lufthansa!?