Ryanair - Page 3

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Posted: Wed Apr 22, 2020 10:54pm

martin lavelle

Posts: 34

20 helpful points

Location: Villamartin

Joined: 20 Mar 2017

Posted: Wed Apr 22, 2020 10:54pm

Kelvin1960 wrote on Wed Apr 22, 2020 8:27pm:
Ryanair's corporate website is reporting a 300m Euro 1-off charge to the accounts for failed fuel hedging. All pay (including senior management) has been cut by 50%. 99% of flights are grounded.
IT efforts are diverted to supporting payroll support mechanisms as they are implemented by the numerous EU governments and by the UK government....

Read more...

...
Yes, they have a strong balance sheet. No, they are not heavily leveraged. No, they have no income ... Cut them some slack

Although they have not complied with the regulations by reimbursing myself with the fare for last month's cancelled flight, I have not badgered them about this because I do understand the exceptional circumstances. I can afford to do this, others may not be so fortunate! I have "cut them a lot of slack", unfortunately, when the shoe was on the other foot, they didn't do the same for me!!!

Posted: Thu Apr 23, 2020 12:09pm

Kelvin1960

Super helpful member

Posts: 1486

1769 helpful points

Location: Pinar De Campoverde

Joined: 5 Mar 2017

Posted: Thu Apr 23, 2020 12:09pm

martin lavelle wrote on Wed Apr 22, 2020 10:54pm:
Although they have not complied with the regulations by reimbursing myself with the fare for last month's cancelled flight, I have not badgered them about this because I do understand the exceptional circumstances. I can afford to do this, others may not be so fortunate! I have "cut them a lot of...

Read more...

... slack", unfortunately, when the shoe was on the other foot, they didn't do the same for me!!!

I am glad you can afford it. So can I. We are doing our bit for the 18,000 Ryanair employees, most of whom aren't well paid, and on whom we rely several times each year.

There are some people (awaiting Ryanair refunds) who became stuck away from their normal residences and who are incurring additional consequential costs. These people have my sympathy.

Everyone is going to lose something due to Covid19. But for many, the Ryanair trip would have been discretionary. By not taking the flight, they have avoided all the associated costs of the trip, so in effect they are better off.

I had a discretionary trip planned back to the UK next week. I wanted to go, but it wasn't essential. I have now avoided all those costs, so I am better off.