Nijmegen wrote: » Danger here, in terms of providing a bailout: What if it transpires in a years time, or two, that actually airlines need to be smaller because post-covid travel patterns change permanently. Now the union is running to the minister for transport just like in the good old days to keep propping up losses. It's the unions job to fight the corner of the staff but given that this could become a 3-way dance between union, employer and state as bailout provider I'd be wary of sending cash while they're actively talking about strikes.
Caquas wrote: » Ryanair's earnings call this morning and CNBC knows Michael O'Leary makes great copy. "Oh, you say, hit the popcorn.....Michael O'Leary never disappoints" He criticises the UK rules as "a badly managed overreaction" and he confirmed that he intends to sue the Irish government over our rules. Giving subsidies to airlines in Europe is like "giving machine guns to monkeys".https://www.irishtimes.com/business/transport-and-tourism/he-never-disappoints-us-tv-news-finds-entertainment-in-michael-o-leary-1.4314649
Jack1985 wrote: » Ryanair UK accessed a £600m loan from the UK Exchequer boosting its liquidity, ironic.
Lapmo_Dancer wrote: » Special committee on impact of Covid-19 on Aviation has spent the last 15 minutes talking about Bunratty Castle and King John’s castle.
dubdaymo wrote: » The Fine Gael bloke in the white suit and the pink tie. The airlines haven't a prayer if he's an example of Govt. thinking.
dubdaymo wrote: » I was surprised that Aer Lingus had to take the brunt of the questioning.
lintdrummer wrote: » I was wondering is he going to a Christening or something after the hearing .
lintdrummer wrote: » There was more parish pump politics being pushed re-Shannon than anything else. The big picture is lost completely on this Government. The industry is screwed.
You generally find that a lot of the TDs on committees aren't 'of the standard' for senior positions in their parties.
Doylers wrote: » Anyone a link to the recording ?
de biz wrote: » https://www.oireachtas.ie/hourly/ Committe 2
trellheim wrote: » Only holds for Government TDs . Opposition TDs on committees tend to be of the highest quality of the two committees I regularly follow .
kona wrote: » Speaking of opposition, the more i see whats going on since the election, varadkar is looking like a genius, hell take about 6 months of a holiday in opposition and let that bunch of clowns completely shaft themselves (us too unfortunately). Hell be back in power by next year and only have the left to deal with. Im no fan of varadkar but he seems to be the only one who has some sort of ability.
Ryanair grounded 99 per cent of its flights for the three-and-a-half months to the end of June; in July it was back to running 40 per cent of its schedule. Ryanair reckons it will run as many as 70 per cent of flights in September. At a time when cash is king, Ryanair has oodles of the stuff. It had almost €4bn at the end of June, after borrowing €600m through the Bank of England’s bond buying scheme. Sector-leading cost control has also helped. Ryanair trimmed costs 85 per cent in the three months to June. Not bad, even if revenues did fall further. Since its July restart, Ryanair is cash break-even or better.
Widdensushi wrote: » He's not in opposition, he is tanaiste, but point taken, I think everyone is getting flashbacks of ff flushing the Irish economy down the drain, it might not be a popular opinion but I think enda Kenny was a very good leader and the country thrived while he was leader.
lintdrummer wrote: » I was wondering is he going to a Christening or something after the hearing
sailing wrote: » Having listened to the committee meeting there can be no doubt the industry is heading into uncharted territory in Ireland. It must have been frustrating for both CEO’s listening to such sh@@ from the majority of the committee TD’s. Most were ill prepared, ill equipped to understand the macro consequences of our travel policy. A rapid change of direction is needed but I’ve no faith in this crowd of amateurs.
Blut2 wrote: » The FT had a short piece on Ryanair yesterday with some interesting figures. Some vaguely positive highlights in there:https://www.ft.com/content/87b1d615-423b-42d1-9f80-c50bbc5dec58 They've obviously got huge customer service problems, and treat their staff very poorly, but Ryanair really do never cease to impress with otherwise how well run their operations are.
Nijmegen wrote: » Of course being Ryanair there'll be a €9.99 sale and all will be forgiven by the travelling public. Amazing business.
