Aer Lingus: We are within 'striking distance of Ryanair’

fr336

Irish flag carrier, which came close to bankruptcy in 2009, says its operating profit margins are nearing those of its closest competitor, Ryanair

http://www.telegraph.co.uk/finance/newsbysector/transport/11211767/Aer-Lingus-We-are-within-striking-distance-of-Ryanair.html

sword1

when staff see that there will be one , he is a brave man to use that word!!

homerjay2005

sword1 wrote: »

when staff see that there will be one , he is a brave man to use that word!!

Muller has been a great leader for them but until the Union generation are weeded out, the airline will never get to the next level in terms of actual profits which according to that article, will still be about 650million off Ryanairs.

Tenger

fr336 wrote: »

Irish flag carrier, which came close to bankruptcy in 2009, says its operating profit margins are nearing those of its closest competitor, Ryanair

homerjay2005 wrote: »

..... the airline will never get to the next level in terms of actual profits which according to that article, will still be about 650million off Ryanairs.

I personally don't see the point of such an article. While it is technically correct in that EI have a higher profit per pax than FR, it just about acknowledges (in the last line) the fact that the huge scale of the FR operation makes their net profit so much greatly than EI or anyone else.

Lapin

'Striking' is an unfortunate word to use to describe anything positive where Aer Lingus are concerned.

homerjay2005

Lapin wrote: »

'Striking' is an unfortunate word to use to describe anything positive where Aer Lingus are concerned.

theres no doubt, theres multiple AL workers licking their lips this morning after reading it and thinking "jackpot"

Mueller has just dug a big hole for his successor.

sword1

I would have thought an aerlingus exec saying striking was similar to saying ebola on a plane

LXFlyer

To be fair, the quote said nothing about actual profits or company profile, but was about percentage profit margin.

Comparing actual turnover and gross/net profit is pointless as the two companies are completely different sizes and beasts.

However, looking at the businesses in percentage profit terms is a valid comparison, as it gives an indication of how efficient the companies are.

If EI operating margin percentage is approaching that of Ryanair, then they are certainly doing something right. However, the key will be to continue to try and grow that percentage figure.

Tenger

homerjay2005 wrote: »

theres no doubt, theres multiple AL workers licking their lips this morning after reading it and thinking "jackpot"

Mueller has just dug a big hole for his successor.

You got your point in earlier with your personal opinion. No need to be adding to the negative posting about an Irish airline

smurfjed

The market likes them at the moment, their share price has increased by almost 30% in the last month :)

homerjay2005

smurfjed wrote: »

The market likes them at the moment, their share price has increased by almost 30% in the last month :)

dare i say, mainly because it came from a low position in the first place due to the strike?

fr336

homerjay2005 wrote: »

dare i say, mainly because it came from a low position in the first place due to the strike?

Nice knowing you Homer

elastico

homerjay2005 wrote: »

Mueller has just dug a big hole for his successor.

No he hasn't, this stuff does be in annual reports anyway, its public information.

Jack1985

homerjay2005 wrote: »

theres no doubt, theres multiple AL workers licking their lips this morning after reading it and thinking "jackpot"

Mueller has just dug a big hole for his successor.

What a moronic post. Are you still not over your grudge with EI homerjay? It seems whenever there's a wiff of negativity around you are here.

Pathetic.

Tenger

homerjay2005 wrote: »

Muller has been a great leader for them but until the Union generation are weeded out, the airline will never get to the next level in terms of actual profits which according to that article, will still be about 650million off Ryanairs.

homerjay2005 wrote: »

theres no doubt, theres multiple AL workers licking their lips this morning after reading it and thinking "jackpot"

Mueller has just dug a big hole for his successor.

Tenger wrote: »

You got your point in earlier with your personal opinion. No need to be adding to the negative posting about an Irish airline

homerjay2005 wrote: »

dare i say, mainly because it came from a low position in the first place due to the strike?

Are you that eager to get a forum ban? If you weren't a long term poster I would have given you one for that blatant disregard for a mod instruction. A different mod would have given you a week holiday from A&A.


EI have consistently stated that the low share price is due to the pension deficit and the uncertainty over the FR share holding. Your long running opinion towards unions and unionised company's is well known. No need to be a troll about it.

Jack1985 wrote: »

What a moronic post. Are you still not over your grudge with EI homerjay? It seems whenever there's a wiff of negativity around you are here.

Pathetic.

In a similar vein. While you may not agree with homerjay2005's opinion there i no need for insults. Lets not have this thread collapse under harp vs shamrock bickering.

fr336

I don't know whether to laugh or cry at some of the arguments on here. From both sides of a coin. Everyone just chill and appreciate what makes each operator great. I know it's only the internet but I hate reading negative vibes between otherwise great posters.

Tenger

fr336 wrote: »

I don't know whether to laugh or cry at some of the arguments on here. From both sides of a coin. Everyone just chill and appreciate what makes each operator great. I know it's only the internet but I hate reading negative vibes between otherwise great posters.

Now there's a voice of reason.

fr336

Tenger wrote: »

Now there's a voice of reason.

I saw bold and thought I'd said something wrong :eek:

Jack1985

Don't see where I personally insulted homerjay at all. I was referring to the post.

fr336

Jack1985 wrote: »

Don't see where I personally insulted homerjay at all. I was referring to the post.

Indeed.

artanevilla

Aer Lingus are doing quite well for a legacy carrier in my opinion, especially considering their size and the fact they're competing on the home front with one of the biggest operators in Europe.

fr336

artanevilla wrote: »

Aer Lingus are doing quite well for a legacy carrier in my opinion, especially considering their size and the fact they're competing on the home front with one of the biggest operators in Europe.

Amen.

Tenger

fr336 wrote: »

I saw bold and thought I'd said something wrong :eek:

I was a little tempted to give you a yellow card for backseat modding....just to get my mod stats up a little!!!! :P

fr336

Tenger wrote: »

I was a little tempted to give you a yellow card for backseat modding....just to get my mod stats up a little!!!! :P

I was being a good Catholic lad...no thirst for power

Stovepipe

The only union with any power in EI is the Pilots union, because they stick together. With the exception of UNITE and TEEU, who represent a very small number of engineers, the rest (SIPTU/Impact) have already folded on the pension issue. Half of us hadn't even been ballotted and Muller declared victory!! The notion that EI is riddled with placard-wavers is peddled by the Indo and Ryanair as if it were God's word itself, when the reality is that no-one in EI wants to ever go on strike, quite simply because we can't afford to and we have spineless/uninterested unions and we are not remotely as united as the pilots.
EI will never be Ryanair and vice versa because we are very different animals and direct comparison does not apply. Anyone seeking comparison to Ryanair would be better served by looking at Norwegian, who have recruited hundreds of disaffected Ryanair staff.........

smurfjed

Norwegian, who have recruited hundreds of disaffected Ryanair staff

If you look at some of the other aviation website, you might heave read that Norwegian recently fired 60 pilots with no notice, and it appears that "some" of the FR guys are asking to go back to FR. As for the big 3 in the middle east, EK was once the most desirable airline to work for, now i don't see too many positive postings about them. So i would expect to see FR keeping their pilots for longer.

Can I ask, are the FA's better or worse off since the strike?

Jack1985

Define what you mean by better or worse off.. Can of worms opened :P

smurfjed

Can of worms opened

Thats exactly what I'm trying to avoid, things like this affect people, so discussions can get very heated, so lets tread carefully

I have a niece who is CC, before the strikes, she appeared to get a lot of call to fly days for payment, but now it appears that these extra payments have stopped, but she is still expected to to the extra flights, is this the case?

Jack1985

For me personally last May resulted in a complete abandonment of the union - The CCM's and Pilot's were completely united, the LRC issued its recommendations and that's about it. The union felt the need to push issues not represented by the majority, hence its now rudderless.

Regards your point above I've rarely heard of that. No one is being asked to do extra flights. Basically you have your duty limit and the company maximises that. Unless she works a 5:14, then it would make complete sense.

Tenger

smurfjed wrote: »

Thats exactly what I'm trying to avoid, things like this affect people, so discussions can get very heated, so lets tread carefully

Indeed

Stovepipe

From what some of the CCs have told me, morale is on the floor and the cross-roster between Atlantic and short-haul is very, very tiring to work. From what I heard, CCMs are expected to show willing and do extra and not to be moaning about being tired/sick,etc....The unions have given up, except for the few...........a lot of changes have happened in the company that are little more than aping Ryanair or chain stores; split shifts and other crap like that and lots of cheese-paring stuff that a HSE manager would recognise. The pension issue has just pissed people off big time, especially the "included" pay freezes. Striking distance of Ryanair simply means that our bean-counters are matching their ideas.

Preset No.3

Tenger wrote: »

I was a little tempted to give you a yellow card for backseat modding....just to get my mod stats up a little!!!! :P

....looks for large stick to poke bear.... :eek::eek::eek:

Jack1985

Stovepipe wrote: »

From what some of the CCs have told me, morale is on the floor and the cross-roster between Atlantic and short-haul is very, very tiring to work. From what I heard, CCMs are expected to show willing and do extra and not to be moaning about being tired/sick,etc....The unions have given up, except for the few...........a lot of changes have happened in the company that are little more than aping Ryanair or chain stores; split shifts and other crap like that and lots of cheese-paring stuff that a HSE manager would recognise. The pension issue has just pissed people off big time, especially the "included" pay freezes. Striking distance of Ryanair simply means that our bean-counters are matching their ideas.

I concur completely, as unfortunate as that is.

gordongekko

Surely it's the long haul part of air lingus that's making the high margin. If you were to compare like with like ie short haul routes then surely the higher margin operator is Ryanair

Jack1985

gordongekko wrote: »

Surely it's the long haul part of air lingus that's making the high margin. If you were to compare like with like ie short haul routes then surely the higher margin operator is Ryanair

No. On Short-Haul alone, Aer Lingus in Europe is within the top three airlines with regards to generated additional margin per passenger. Just think of the extra's offered in addition to ticket income;

Bags
Sports Equipment
Seat Selection
Meals
Lounge Access
Heathrow/Gatwick Express
Car Parking
Insurance
Hotels
Car Hire

And that's without including further generated margin on-board. I've probably forgot a few.