Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi all! We have been experiencing an issue on site where threads have been missing the latest postings. The platform host Vanilla are working on this issue. A workaround that has been used by some is to navigate back from 1 to 10+ pages to re-sync the thread and this will then show the latest posts. Thanks, Mike.
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

[Article] More airlines facing bankruptcy - O'Leary

  • 16-11-2004 6:52am
    #1
    Victor
    Registered Users, Registered Users 2 Posts: 78,494 ✭✭✭✭


    Interesting that he cites 3 year old bankruptcies.

    http://www.rte.ie/business/2004/1115/ryanair.html
    More airlines facing bankruptcy - O'Leary
    November 15, 2004 14:02

    More airlines will face bankruptcy if oil prices remain at their current high levels, the chief executive of Ryanair
    said in a newspaper interview published in Lisbon today.

    'There are many companies which said they were already losing money when a barrel of oil cost $25. In the meantime they have gone under,' Michael O'Leary told daily Publico paper, giving Swissair and Belgian national carrier Sabena as examples.

    'Now a barrel costs $50,' he added. 'I have no doubts that there will be more losses, more bankruptcies.'

    Earlier this month Ryanair, which has not brought in the fuel surcharges many of its rivals are imposing to offset high oil prices, posted a forecast-beating 15% rise in first-half profits to €201.3m.

    O'Leary has said Ryanair, unlike many other airlines, could still post a profit even if oil reaches $75 a barrel because fuel makes up just 15% of its costs.

    Oil prices tumbled to the lowest level for almost two months today, sinking below $47 in New York as fears of a winter supply squeeze receded, although analysts say the tendency is for prices to remain high.

    Ryanair also said today that it will start flying twice a day from London to Oporto, Portugal's second-largest city, in January. It is the airline's first regular serive to Portugal. O'Leary said the airline could add new routes from Oporto to other European cities if the flights to London prove popular.


Advertisement