This page will contain blogs about Ryanair, as they become available.Ryanair
Ryanair (ISEQ: RYA) LSE: RYA (NASDAQ: RYAAY) is an airline based in Ireland. It is Europe's largest low-cost carrier, operating 209 low-fare routes to 94 destinations across 17 European countries. Over the years it has evolved into the world's most profitable airline [1], running at remarkable margins by relentlessly driving costs down. Ryanair has been characterised by rapid and continuing expansion, enabled by the deregulation of the air industry in Europe in 1997. Ryanair is one of Europe's most controversial companies, praised and criticised in equal measure [2]. Its supporters praise its commitment to exceptionally low fares, its radical management, its populism, and its willingness to challenge what Ryanair calls the 'establishment' within the airline industry (similar to its American counterpart, Southwest Airlines). Critics, meanwhile, have attacked its trade union policies [3], and have charged that it practises deceptive advertising [4]. Code Data
HistoryEarly yearsRyanair was founded in 1985 by Irish businessman Tony Ryan. The airline began with a 15 seat turboprop aircraft flying between Waterford and London Gatwick with the aim of breaking the duopoly on London-Ireland flights at that time held by British Airways and Aer Lingus. In 1986 the company added a second route - flying Dublin-London Luton in competition to the BA/Aer Lingus duopoly for the first time. With two routes and two planes, they carried 82,000 passengers in one year. Passenger numbers continued to increase, but the airline generally ran at a loss, and by 1991 was in need of restructuring. Michael O'Leary was charged with the task of making the airline profitable. He negotiated significant bonuses and profit-sharing deals for himself, conditional upon bringing the airline into profit. Ryan encouraged him to visit the USA to study the 'low fares/no frills' model being used by Southwest Airlines. O'Leary quickly learnt that the key to low fares was a quick turn-around time, no frills, and no business class, as well as operating only one model of aircraft. Ryanair Boeing 737-200.O'Leary returned convinced that Ryanair could make huge inroads into the European air market, at that time dominated by national carriers which were subsidised to various degrees by their parent countries. He competed with the major airlines by providing a no-frills, low cost, flexible and reliable service. Flights were scheduled into smaller airports, closer and more convenient for customers. He adopted a hands-on style of management, becoming well known for the fact that despite being Chief Executive, he regularly helped out with baggage handling on Ryanair flights at Dublin airport. He is said to have a pugnacious and aggressive management style, using a flat management hierarchy whose ethos is to provide a low cost, reliable and competitive service. By 1995, thanks to the consistent pursuit of this business model, Ryanair celebrated its 10th birthday by carrying 2.25 million passengers. It had become the largest carrier on all its routes. Deregulation and flotationAfter EU deregulation of the air industry in Europe in 1997, Ryanair was ready to take on the continent. After a highly successful flotation of Ryanair on the Dublin Stock Exchange and the NASDAQ Stock exchanges, the airline launched services to Stockholm, Oslo, Paris and Charleroi near Brussels. Flush with new capital, the airline placed a massive US$2 billion order for 45 new Boeing 737-800 series aircraft in 1998. The airline was voted Airline of the Year by the Irish Transport Users Committee and voted Best Managed National Airline by International Aviation Week magazine. The airline launched its website in 2000, with on line booking said to be a small and unimportant part of the software supporting the site. Some senior management saw the potential of online booking, but kept it low profile to avoid its elimination by the Chief Executive. Increasingly the online booking contributed to the aim of cutting flight prices by selling direct to passengers and excluding the costs imposed by travel agents. Within a year the website was handling three quarters of all bookings, and now accounts for 95% of the total. Michael O'Leary claimed that it was his idea from the start. Continental EuropeRyanair launched a new hub of operation in Brussels Charleroi in 2001. Later that year, the airline ordered 155 new Boeing 737-800 series aircraft from Boeing at what was believed to be a substantial discount, (taking advantage of the downturn in plane orders after the slump in air travel following the September 2001 terrorist attacks) to be delivered over eight years from 2002 to 2010. 100 of these aircraft will have been delivered by the end of 2005. In 2002 Ryanair launched 26 new routes and established a base in Frankfurt-Hahn Airport, its European expansion firmly on track. In 2003, Ryanair announced the order of a further 100 new Boeing 737-800 series aircraft from Boeing, and in February a third continental base was opened at Milan-Bergamo in Italy. In April Ryanair acquired its ailing competitor Buzz from KLM, at a knock-down price. Expansion continued apace with the launch of a base at Stockholm (Skavsta), Sweden. By the end of 2003, the airline flew 127 routes, of which 60 had opened in the previous 12 months. The airline launched two more bases in the first half of 2004, at Rome (Ciampino) and Barcelona (Girona), increasing the total to 11 hubs. Recent historyDuring 2004, Michael O'Leary warned of a 'bloodbath' during the winter from which only two or three low-cost airlines would emerge, the expectation being that these would be Ryanair and easyJet. A modest loss of € 3.3 million in the second quarter of 2004 was the airline's first recorded loss for 15 years, indicating turbulent times in the low fares market. However, the enlargement of the European Union in 2004 is expected to lead to more new routes as Ryanair and other budget airlines tap the markets of the EU accession countries. Since the accession countries joined the EU on 1 May 2004, Ryanair has opened new routes to three of the ten new EU member states. In February 2005 Ryanair announced an order for 70 further Boeing 737-800 aircraft with an option for a further 70. This is expected to allow Ryanair to increase passenger numbers from the 34 million expected in 2005 to 70 million in 2011 and creating 2,500 new jobs. Some of these aircraft would be deployed at Ryanair's 12 European bases, others to 10 new bases they intend to establish over the next seven years. The aircraft will be delivered without window shades, seat back recline and seat back pockets, which result in savings of several hundred thousand dollars per aircraft and give continued savings through reduced cleaning and repair costs. Growth and expansionRyanair has grown massively since its creation in 1985, from a small airline flying the short hop to London from Ireland into one of Europe's largest carriers. The driver of the growth has been Ryanair's CEO, Michael O'Leary. After taking the rapidly growing airline public in 1997 he used the money raised to expand the airline into a pan-European carrier. Revenues have risen from € 231 million in 1998 to some € 843 million in 2003, and net profits have increased from € 48 million to € 239 million over the same period. In an industry where the survival rate is 1 in 10 and where even the giants such as American Airlines and Delta struggle to keep in the black, Ryanair's success has confounded many industry analysts. However, it has been consistent with the growth of other no-frills airlines, such as Southwest and JetBlue, since the September 11, 2001 terrorist attacks. Ryanair's passenger numbers have grown by up to 25% every year for the best part of the last decade. Carrying under 0.7 million annually in its early years, passenger figures grew to 21.4 million in 2003. The rapid addition of new routes and new hubs has enabled this growth in passenger numbers, and Ryanair is now among the largest carriers on European routes. In August 2004, the airline carried 20% more passengers within Europe than British Airways did. CriticismsRyanair has been heavily criticised for many of its practices in the past. In a number of incidents it has responded stubbornly to relatively trivial matters, often to make a point about the constant need to avoid adding "frills" to its service. Critics have accused Ryanair of poor treatment of customers whose flights have been cancelled [5]. The airline refuses to provide accommodation or meal vouchers when flights are cancelled or delayed. Ryanair is often accused of flying to airports which, while cheap, are too far away from the cities they say they are serving. For example, the airline used to advertise a service to "Copenhagen", Denmark which actually flew to Malmö, in Sweden. This service is now advertised as Malmö. Legal actions forced name changes on routes previously referred to as "Düsseldorf (Niederrhein)" and "St. Etienne (Lyons)", but in other cases court actions have upheld the designated name of the route — this was the case for Frankfurt Hahn, over 100 km from central Frankfurt. Ryanair Boeing 737-200 landingAlso criticised are what are seen as vitriolic attacks on opponents, notably former Irish Minister for Transport Mary O'Rourke (1997-2002), who was personally ridiculed in a series of controversial newspaper advertisements when she refused to break up the state monopoly which then ran Irish airports, Aer Rianta (now largely restructured). (The break-up of Aer Rianta remains a high profile demand for Michael O'Leary. It is due to be implemented during 2005 under the State Airports Act 2004). Ryanair does not employ an advertising agency, instead producing all its advertising material in-house. Michael O'Leary often states that the airline goes to extremes to make a point, an approach which has resulted in Ryanair's advertising occasionally being considered offensive [6] [7]. The airline has been criticised for the age of its elderly Boeing 737-200 aircraft, which were bought second hand from Lufthansa and Britannia Airways. These aircraft date from the early 1980s and some industry observers believe that Ryanair has pushed them beyond their usable service life. Ryanair argues that the planes are well maintained, but has already scrapped a number of them for technical reasons. The airline announced in October 2004 that the remaining -200s will be disposed of by November 2005. Two of them are now in storage, and two have been sold off to other operators. Ryanair receives subsidies from some European airports, a situation which has been investigated by the European Commission. The EC believes that subsidies from state-owned airports are a breach of European Union competition rules. In February 2004 the European Commission ruled that Charleroi airport gave Ryanair illegal subsidies and ordered the airline to repay roughly € 4 million of subsidies. Walloon authorities who offered the subsidies were considering appealing against the ruling because of the roughly € 45 million that the airline route brings to the area every year. Ryanair has also come under fire from unions representing workers in the airline industry for refusing to recognise trade unions, and allegations of poor working conditions. Staff are banned from charging their own mobile phones at work to reduce the company's electricity bill [8], even though the cost savings by such measures are insignificant. Several successful actions have been brought against the company: On 25 January 2005 the Irish Labour Court guaranteed an investigation into allegations of victimisation of staff who wished to join a trade union [9]. In March of the same year, a Belgian court ruled that two sacked Belgian cabin staff who had been working out of the airport of Charleroi were entitled to protection under Belgian law, not Irish law as Ryanair had claimed [10]. The airline has come under heavy criticism in the past for its poor treatment of disabled passengers. In 2002 it refused to provide wheelchairs for disabled passengers at Stansted Airport, hugely angering disabled rights groups [11]. However, the airline argued that this provision was the responsibility of the airport authority stating that wheelchairs were provided by 87 of the 93 Ryanair destination airports. A court ruling in 2004 judged that the responsibility should be shared by the airline and the airport owners [12]. In 2002 Ryanair reneged on a promise of free flights given as a prize to the airline's one millionth passenger, Jane O'Keeffe. She received the prize in 1988, but the airline refused to carry her free of charge on a flight in 2002. The woman eventually went to court and won an award of £43,098. [13] [14] Accidents and Incidents
CompetitorsAmong Ryanair's main low-cost competitors are easyJet, Air Berlin, Germanwings and Transavia. In 2004 approximately 60 new low-cost airlines were formed. Despite traditionally being a full-service airline, Aer Lingus began to adopt a low-fares strategy in 2002, leading to much more intense competition with Ryanair on Irish routes – Ryanair's most profitable. In September 2004, Ryanair's biggest competitor, easyJet, announced routes to the Republic of Ireland for the first time, begining with the Cork to London Gatwick route – until then easyJet had never competed directly with Ryanair on its home ground. easyJet does fly from Aldergrove in Northern Ireland, but Ryanair does not operate there. The last low-cost airline to compete directly with Ryanair on the UK/Ireland routes was Go Fly – which had to pull out due to mounting losses. ServicesDestinations of Ryanair, hubs indicated in redMain article: Ryanair destinations Ryanair currently serves about 200 routes between 104 airports in 18 European countries. Its main hub is London Stansted Airport. Ryanair has other bases throughout Europe, at Brussels, Barcelona Girona, Dublin (DUB), Frankfurt am Main (HHN), London Luton Airport, Liverpool, Milan (BGY), Prestwick (PIK), Rome (CIA), Shannon International Airport and Stockholm Skavsta Airport. Most smaller airports Ryanair operates to are located farther from the city centres than their main airports. One exception is Gothenburg, Sweden, where Ryanair flies to the town's City Airport, 14 km from city centre. That's 11 km closer than the main Landvetter Airport. Of all Ryanair's routes, the Dublin-London route remains both the busiest and the most profitable. This is largely due to the number of Irish people who live in the UK – the amount of business and money traded between the two cities – and increasingly the number of Irish who use the route to make connecting flights to other places in Europe. The London-Dublin route is the busiest international route in the world after Hong Kong-Taipai. Ryanair's interactive destination map FleetThe Ryanair fleet consists of the following aircraft (at April 2005):
It currently has firm orders for an additional 225 Boeing 737-800 aircraft by 2010, with options on a further 193. On 13 June 2005 Ryanair confirmed a $286 million order for 5 Boeing 737-800 aircraft, which is a conversion of five existing options from an order in 2002. Ryanair's total firm orders stand at 230 and the newly ordered aircraft will be delivered in spring 2007 (ref: Air International, July 2005). External Links
This page about Ryanair includes information from a Wikipedia article. Additional articles about Ryanair News stories about Ryanair External links for Ryanair Videos for Ryanair Wikis about Ryanair Discussion Groups about Ryanair Blogs about Ryanair Images of Ryanair |
|
Ryanair's total firm orders stand at 230 and the newly ordered aircraft will be delivered in spring 2007 (ref: Air International, July 2005). These greetings or phrases may also be used just before children receive their red packets, when gifts are exchanged, when visiting temples, or even when tossing the shredded ingredients of yusheng particularly popular in Malaysia and Singapore. On 13 June 2005 Ryanair confirmed a $286 million order for 5 Boeing 737-800 aircraft, which is a conversion of five existing options from an order in 2002. Similarly, 年年有余 (Niánnián yǒuyú), a wish for surpluses and bountiful harvests every year, plays on the word yú to also refer to 魚 (meaning fish), making it a catch phrase for fish-based Chinese new year dishes and for paintings or graphics of fish that are hung on walls or presented as gifts. It currently has firm orders for an additional 225 Boeing 737-800 aircraft by 2010, with options on a further 193. 歲 (Suì, meaning "age") is homophonous with 碎 (meaning "shatter"), in demonstration of the Chinese love for wordplay in auspicious phrases. The Ryanair fleet consists of the following aircraft (at April 2005):. For example, as breaking objects during the new year is considered inauspicious, one may then say 歲歲平安 (Suìsuì píng'ān) immediately, which means everlasting peace year after year. Ryanair's interactive destination map. Numerous other greetings exist, some of which may be exclaimed out loud to no one in particular in specific situations. The London-Dublin route is the busiest international route in the world after Hong Kong-Taipai. In other English-speaking communities with a larger Chinese-speaking population, the Mandarin version tends to prevail especially when multiple dialect groups exist, particularly in Malaysia and Singapore. This is largely due to the number of Irish people who live in the UK – the amount of business and money traded between the two cities – and increasingly the number of Irish who use the route to make connecting flights to other places in Europe. The saying is now commonly heard in English speaking communities for greetings during Chinese New Year in parts of the world where there is a sizable Chinese-speaking community, for instance in Australia, Canada and America among others. Of all Ryanair's routes, the Dublin-London route remains both the busiest and the most profitable. Some of the most common examples may include:. That's 11 km closer than the main Landvetter Airport. The Chinese New Year is often accompanied by loud, enthusiastic greetings, often referred to as 吉祥話 (Jíxiánghùa), or loosely translated as auspicious words or phrases. One exception is Gothenburg, Sweden, where Ryanair flies to the town's City Airport, 14 km from city centre. Template:Sec-stub. Most smaller airports Ryanair operates to are located farther from the city centres than their main airports. The following are popular floral decorations for the New Year and are available at the new year markets. Ryanair has other bases throughout Europe, at Brussels, Barcelona Girona, Dublin (DUB), Frankfurt am Main (HHN), London Luton Airport, Liverpool, Milan (BGY), Prestwick (PIK), Rome (CIA), Shannon International Airport and Stockholm Skavsta Airport. The practice of shopping for the perfect peach blossom is not dissimilar to the Western tradition of buying a Christmas tree. Its main hub is London Stansted Airport. These usually open-air markets feature floral products, toys, clothing, for shoppers to buy gifts for new year visitations as well as decor for their homes. Ryanair currently serves about 200 routes between 104 airports in 18 European countries. Markets (年宵市場) are set up near the New Year especially for vendors to sell New Year-related products. Main article: Ryanair destinations. Typically the game of mahjong is played in some families. The last low-cost airline to compete directly with Ryanair on the UK/Ireland routes was Go Fly – which had to pull out due to mounting losses. Chinese New Year is celebrated with firecrackers, dragon dances and lion dances. easyJet does fly from Aldergrove in Northern Ireland, but Ryanair does not operate there. Traditionally, red packets (Mandarin: 'hong bao' (紅包); Hokkien: 'ang pow' (POJ: âng-pau); Hakka: 'fung bao'; Cantonese: 'lai see' (利是)) are passed out during the Chinese New Year's celebrations, from married couples to unmarried people (usually children). In September 2004, Ryanair's biggest competitor, easyJet, announced routes to the Republic of Ireland for the first time, begining with the Cork to London Gatwick route – until then easyJet had never competed directly with Ryanair on its home ground. Depending on locality, the same day may also be celebrated as the Lantern Festival, or as the Chinese Valentine's Day. Despite traditionally being a full-service airline, Aer Lingus began to adopt a low-fares strategy in 2002, leading to much more intense competition with Ryanair on Irish routes – Ryanair's most profitable. The fifteenth and last day of the new year is celebrated as Yuanxiao jie (元宵节) or otherwise known as Chap Goh Mei in Fujian dialect, marked by the eating of tangyuan (Simplified Chinese: 汤圆; Traditional Chinese: 湯圓; Hanyu Pinyin: tāngyuán), a sweet rice ball dumpling soup. In 2004 approximately 60 new low-cost airlines were formed. On this day, people have preparations to celebrate the Lantern Festival which is held on the fifteenth day (last new year day). Among Ryanair's main low-cost competitors are easyJet, Air Berlin, Germanwings and Transavia. On the thirteenth day, people traditionally have simple rice congee and mustard greens to cleanse their digestive system after having so much rich food during the past twelve days. [13] [14]. From the tenth day through the twelfth day are periods when friends and relatives would be invited for dinner. The woman eventually went to court and won an award of £43,098. On this day, people make offerings to the Jade Emperor. She received the prize in 1988, but the airline refused to carry her free of charge on a flight in 2002. At midnight they offer prayers to the Jade Emperor or the God of Heaven. In 2002 Ryanair reneged on a promise of free flights given as a prize to the airline's one millionth passenger, Jane O'Keeffe. On this day, the Fujian people have another family reunion dinner. A court ruling in 2004 judged that the responsibility should be shared by the airline and the airport owners [12]. For many Chinese, this is a day to avoid meat, and to enjoy 'jai', a vegetarian meal. However, the airline argued that this provision was the responsibility of the airport authority stating that wheelchairs were provided by 87 of the 93 Ryanair destination airports. This is a tradition that is not commonly practiced by Chinese in other parts of the world. In 2002 it refused to provide wheelchairs for disabled passengers at Stansted Airport, hugely angering disabled rights groups [11]. This is celebrated primarily among the Chinese in Southeast Asia, such as Malaysia and Singapore. The airline has come under heavy criticism in the past for its poor treatment of disabled passengers. People get together to toss the colorful salad and make wishes for continued wealth and prosperity. In March of the same year, a Belgian court ruled that two sacked Belgian cabin staff who had been working out of the airport of Charleroi were entitled to protection under Belgian law, not Irish law as Ryanair had claimed [10]. It is also the day when tossed fish salad, yusheng, is eaten. Several successful actions have been brought against the company: On 25 January 2005 the Irish Labour Court guaranteed an investigation into allegations of victimisation of staff who wished to join a trade union [9]. The seventh day traditionally is known as the common man's birthday, the day when everyone grows one year older. Staff are banned from charging their own mobile phones at work to reduce the company's electricity bill [8], even though the cost savings by such measures are insignificant. Many people also visit temples to pray for good fortune and health. Ryanair has also come under fire from unions representing workers in the airline industry for refusing to recognise trade unions, and allegations of poor working conditions. From the sixth to the tenth day, people visit their relatives and friends freely. Walloon authorities who offered the subsidies were considering appealing against the ruling because of the roughly € 45 million that the airline route brings to the area every year. In north China, people eat Jiaozi (dumplings) on the morning of Po Wu. In February 2004 the European Commission ruled that Charleroi airport gave Ryanair illegal subsidies and ordered the airline to repay roughly € 4 million of subsidies. Traditionally, people do not visit families and friends on the fifth day because it is believed it will bring both parties bad luck. The EC believes that subsidies from state-owned airports are a breach of European Union competition rules. This is the day when people stay home to welcome the God of Wealth. Ryanair receives subsidies from some European airports, a situation which has been investigated by the European Commission. This day is called Po Wu (破五). Two of them are now in storage, and two have been sold off to other operators. The third day of Chinese New Year is not appropriate to visit any relative because it is known as "chec hao" (赤口), meaning easy to get into argument. The airline announced in October 2004 that the remaining -200s will be disposed of by November 2005. It is also believed that the second day is the birthday of all dogs. Ryanair argues that the planes are well maintained, but has already scrapped a number of them for technical reasons. They are extra kind to dogs and feed them well. These aircraft date from the early 1980s and some industry observers believe that Ryanair has pushed them beyond their usable service life. On this day, the Chinese offer prayers to their ancestors as well as to all the deities. The airline has been criticised for the age of its elderly Boeing 737-200 aircraft, which were bought second hand from Lufthansa and Britannia Airways. It is the second day of Chinese New Year for sons-in-laws to visit their parents-in-law. Michael O'Leary often states that the airline goes to extremes to make a point, an approach which has resulted in Ryanair's advertising occasionally being considered offensive [6] [7]. Chinese red firecrackers will also be on display where the deafening explosions of each firecracker is believed to scare evil spirits away. Ryanair does not employ an advertising agency, instead producing all its advertising material in-house. Some families will invite a Lion dance troupe to their home as a symbolic ritual to usher in the Lunar New Year as well as to force-evict bad spirits out of the premises. It is due to be implemented during 2005 under the State Airports Act 2004). This has been in practice for many centuries. (The break-up of Aer Rianta remains a high profile demand for Michael O'Leary. The venue of the aforementioned Renunion Dinner is usually, if not always, at the eldest and most respected family member's residence. Also criticised are what are seen as vitriolic attacks on opponents, notably former Irish Minister for Transport Mary O'Rourke (1997-2002), who was personally ridiculed in a series of controversial newspaper advertisements when she refused to break up the state monopoly which then ran Irish airports, Aer Rianta (now largely restructured). Most importantly, the first day of Chinese New Year is a time where family members, in order of their seniority, will pay a visit to their oldest and most senior member of their family, usually their parents or grandparents, or even great grandparents. Etienne (Lyons)", but in other cases court actions have upheld the designated name of the route — this was the case for Frankfurt Hahn, over 100 km from central Frankfurt. Employers may also give red envelopes to their employees on the first working day after the festival. Legal actions forced name changes on routes previously referred to as "Düsseldorf (Niederrhein)" and "St. Red packets are also given to unmarried visitors but the sums are often smaller than the envelope given to family members or close friends. This service is now advertised as Malmö. In some families this tradition has evolved into the practice to substituting money-like instruments (stocks, bonds, unit trust) in place of large sums of cash. For example, the airline used to advertise a service to "Copenhagen", Denmark which actually flew to Malmö, in Sweden. The gift was originally a token amount but these days it is not uncommon to receive large sums in affluent families. Ryanair is often accused of flying to airports which, while cheap, are too far away from the cities they say they are serving. However, this is not strictly adhered to. The airline refuses to provide accommodation or meal vouchers when flights are cancelled or delayed. Similarly "multiples of 2" such as $1.10 and $2.20 were also acceptable. Critics have accused Ryanair of poor treatment of customers whose flights have been cancelled [5]. Amounts like $2 , or $20 were acceptable. In a number of incidents it has responded stubbornly to relatively trivial matters, often to make a point about the constant need to avoid adding "frills" to its service. Red packets traditionally consisted of amounts which were considered multiples. Ryanair has been heavily criticised for many of its practices in the past. It is at this gathering that red envelopes are given by senior members of the family, usually married, to unmarried junior members of the family. In August 2004, the airline carried 20% more passengers within Europe than British Airways did. Usually family members gather on the morning of New Year's Day. The rapid addition of new routes and new hubs has enabled this growth in passenger numbers, and Ryanair is now among the largest carriers on European routes. New Year's day is also celebrated within the family. Carrying under 0.7 million annually in its early years, passenger figures grew to 21.4 million in 2003. Many people abstain from meat consumption on the first day because it is believed that this will ensure long and happy lives for them. Ryanair's passenger numbers have grown by up to 25% every year for the best part of the last decade. The first day (初一 or "chu yi") is for the welcoming of the gods of the heavens and earth. However, it has been consistent with the growth of other no-frills airlines, such as Southwest and JetBlue, since the September 11, 2001 terrorist attacks. However, mandarin oranges are the most popular and most abundant fruit during Chinese New Year amongst Chinese simply because of, inter alia, how the name of the fruit is phonetically similar to gold -- Jin ju (金橘子) or Kamm (金) in Cantonese. In an industry where the survival rate is 1 in 10 and where even the giants such as American Airlines and Delta struggle to keep in the black, Ryanair's success has confounded many industry analysts. This gold nugget is called 金元宝 (jin yuán bǎo). Revenues have risen from € 231 million in 1998 to some € 843 million in 2003, and net profits have increased from € 48 million to € 239 million over the same period. Most Northerners serve dumplings as the main dish on this festive season, although most Chinese around the world would do the same because it is believed that dumplings (饺子--jiǎo zi) 饺子 is wrapped in the semblance of Chinese gold nuggets (illustrated) used in ancient China. After taking the rapidly growing airline public in 1997 he used the money raised to expand the airline into a pan-European carrier. Because certain things and/or food sound alike to certain Chinese well-wishes, the belief is that having one will lead to the other. The driver of the growth has been Ryanair's CEO, Michael O'Leary. Hakka will serve kiu nyuk (扣肉) and ngiong tiu fu. Ryanair has grown massively since its creation in 1985, from a small airline flying the short hop to London from Ireland into one of Europe's largest carriers. A type of black hair-like algae, pronounced "fat choy" in Cantonese, is also featured in many dishes since its name sounds similar to "prosperity". The aircraft will be delivered without window shades, seat back recline and seat back pockets, which result in savings of several hundred thousand dollars per aircraft and give continued savings through reduced cleaning and repair costs. Fish (魚, yú) is included, but not eaten up completely (and the remaining stored overnight), as the Chinese phrase 年年有餘; (nián nián yǒu yú, or "every year there is leftover/surpluses") is a homophone for phrases which could mean "be blessed every year" or "have something leftover every year" or phrases to that effect, since "yú" is also the pronunciation for "leftover" or more accurately, surplus. Some of these aircraft would be deployed at Ryanair's 12 European bases, others to 10 new bases they intend to establish over the next seven years. The New Year's Eve dinner is very large and traditionally includes chicken. This is expected to allow Ryanair to increase passenger numbers from the 34 million expected in 2005 to 70 million in 2011 and creating 2,500 new jobs. A reunion dinner is held on New Year's Eve where members of the family, near and far, get together for celebration. In February 2005 Ryanair announced an order for 70 further Boeing 737-800 aircraft with an option for a further 70. Homes are decorated with paper cutouts of Chinese auspicious phrases and couplets (short phrases) that speak of "happiness," "wealth," "longevity.". Since the accession countries joined the EU on 1 May 2004, Ryanair has opened new routes to three of the ten new EU member states. Some people give their homes, doors and windowpanes a new coat of red paint. However, the enlargement of the European Union in 2004 is expected to lead to more new routes as Ryanair and other budget airlines tap the markets of the EU accession countries. All brooms and dust pans are put away on New Year's Eve so that good luck cannot be swept away. A modest loss of € 3.3 million in the second quarter of 2004 was the airline's first recorded loss for 15 years, indicating turbulent times in the low fares market. It is believed the cleaning sweeps away bad luck and makes their homes ready for good luck to arrive. During 2004, Michael O'Leary warned of a 'bloodbath' during the winter from which only two or three low-cost airlines would emerge, the expectation being that these would be Ryanair and easyJet. On the days before the New Year celebration, Chinese families give their home a thorough cleaning. The airline launched two more bases in the first half of 2004, at Rome (Ciampino) and Barcelona (Girona), increasing the total to 11 hubs. In the Gregorian calendar, the Chinese New Year falls on different dates each year, on a date between January 21 and February 21. By the end of 2003, the airline flew 127 routes, of which 60 had opened in the previous 12 months. This occurs around the time of the full moon as each lunation is about 29.53 days in duration. Expansion continued apace with the launch of a base at Stockholm (Skavsta), Sweden. Chinese New Year starts on the first day of the new year containing a new moon (some sources even include New Year's Eve) and ends on the Lantern Festival fourteen days later. In April Ryanair acquired its ailing competitor Buzz from KLM, at a knock-down price. The same calendar is used in countries that have adopted the Confucian and Buddhism tradition and in many cultures influenced by the Chinese, notably the Koreans, the Tibetans, the Vietnamese and the pagan Bulgars. In 2003, Ryanair announced the order of a further 100 new Boeing 737-800 series aircraft from Boeing, and in February a third continental base was opened at Milan-Bergamo in Italy. The date of the Chinese New Year is determined by the Chinese calendar, a lunisolar calendar. In 2002 Ryanair launched 26 new routes and established a base in Frankfurt-Hahn Airport, its European expansion firmly on track. However, Chinese believe that on the third day (年初三) of the Chinese New Year it is not appropriate to visit family and friends, and call the day "chec hao" (赤口), meaning "easy to get into arguments". 100 of these aircraft will have been delivered by the end of 2005. The celebrations end on the important and colourful Lantern Festival on the evening of the 15th day of the month. Later that year, the airline ordered 155 new Boeing 737-800 series aircraft from Boeing at what was believed to be a substantial discount, (taking advantage of the downturn in plane orders after the slump in air travel following the September 2001 terrorist attacks) to be delivered over eight years from 2002 to 2010. The first week is the most important and most often celebrated with visits to friends and family as well as greetings of good luck. Ryanair launched a new hub of operation in Brussels Charleroi in 2001. New Year season lasts fifteen days. Michael O'Leary claimed that it was his idea from the start. Also like many other countries in the world, a statutory holiday is added on the following work day when the New Year falls on the weekend. Within a year the website was handling three quarters of all bookings, and now accounts for 95% of the total. Since Chinese New Year falls on different dates on the Gregorian calendar every year on different days of the week, some of these governments opt to shift working days in order to accomodate a longer public holiday. Increasingly the online booking contributed to the aim of cutting flight prices by selling direct to passengers and excluding the costs imposed by travel agents. Chinese New Year is observed as a public holiday in a number of countries and territories in the where are sizeable Chinese population resides. Some senior management saw the potential of online booking, but kept it low profile to avoid its elimination by the Chief Executive. See Chinese astrology for a list of Chinese New Year dates for every year from 1900 to 2020, covering one full sexagesimal cycle (1924–1983) and portions of two others. The airline launched its website in 2000, with on line booking said to be a small and unimportant part of the software supporting the site. Many online Chinese Sign calculators do not account for the non-alignment of the two calendars, incorrectly using Gregorian-calendar years rather than official Chinese New Year dates. The airline was voted Airline of the Year by the Irish Transport Users Committee and voted Best Managed National Airline by International Aviation Week magazine. This means that anyone born from January 1 to 25 January 1990 was actually born in the year of the snake rather than the year of the horse. Flush with new capital, the airline placed a massive US$2 billion order for 45 new Boeing 737-800 series aircraft in 1998. However, the 1989 year of the snake officially ended on 26 January 1990. After a highly successful flotation of Ryanair on the Dublin Stock Exchange and the NASDAQ Stock exchanges, the airline launched services to Stockholm, Oslo, Paris and Charleroi near Brussels. The year 1990 is considered by some people to be the year of the horse. After EU deregulation of the air industry in Europe in 1997, Ryanair was ready to take on the continent. For example, the 1989 year of the snake began on 6 February 1989.
He adopted a hands-on style of management, becoming well known for the fact that despite being Chief Executive, he regularly helped out with baggage handling on Ryanair flights at Dublin airport. Chinese New Year is also the time when the largest human migration takes place when Chinese all around the world return home on the eve of Chinese New Year to have reunion dinners with their families. Flights were scheduled into smaller airports, closer and more convenient for customers. Celebrated internationally in areas with large populations of ethnic Chinese, Chinese New Year is considered to be a major holiday for the Chinese as well as ethnic groups such as the Mongolians, Koreans, the Miao (Chinese Hmong), the Vietnamese (see Tết), Tibetans, the Nepalese and the Bhutanese (see Losar) who were influenced by Chinese culture in terms of religious and philosophical worldview, language and culture in general. He competed with the major airlines by providing a no-frills, low cost, flexible and reliable service. These customs led to the first New Year celebrations. O'Leary returned convinced that Ryanair could make huge inroads into the European air market, at that time dominated by national carriers which were subsidised to various degrees by their parent countries. The Chinese learned that Nian was sensitive to loud noises and the color red, and so they scared it away with explosions, fireworks and the liberal use of the color red. O'Leary quickly learnt that the key to low fares was a quick turn-around time, no frills, and no business class, as well as operating only one model of aircraft. According to legend, in ancient China, Nian ("Nyan"), a man-eating predatory beast could infiltrate houses silently. Ryan encouraged him to visit the USA to study the 'low fares/no frills' model being used by Southwest Airlines. (The next time this occurs is in 2033.) The Chinese New Year period ends with the Lantern Festival, on the fifteenth day of the festival. He negotiated significant bonuses and profit-sharing deals for himself, conditional upon bringing the airline into profit. In such a case, the New Year falls on the day of the third new moon after the solstice. Michael O'Leary was charged with the task of making the airline profitable. This is the day of the second new moon after the winter solstice, unless there is an intercalary eleventh or twelfth month in the lead-up to the New Year. Passenger numbers continued to increase, but the airline generally ran at a loss, and by 1991 was in need of restructuring. It consists of a period of celebrations, starting on New Year's Day, celebrated on the first day of the first month of the Chinese calendar. With two routes and two planes, they carried 82,000 passengers in one year. Chinese New Year (Traditional Chinese: 春節 or 農曆新年; Simplified Chinese: 春节 or 农历新年; Pinyin: Chūnjíe or Nónglì Xīnnián), also known as the Lunar New Year or the Spring Festival is the most important of the traditional Chinese holidays. In 1986 the company added a second route - flying Dublin-London Luton in competition to the BA/Aer Lingus duopoly for the first time. Chinese New Year. The airline began with a 15 seat turboprop aircraft flying between Waterford and London Gatwick with the aim of breaking the duopoly on London-Ireland flights at that time held by British Airways and Aer Lingus. While the first two words of this phrase had a much longer historical significance (legend has it that the congratulatory messages were traded for surviving the ravaging beast of Nian, although in practical terms in may also involve surviving the harsh winter conditions), the last two words were added later as capitalism and consumerism ideas took greater significance in Chinese societies around the world. Ryanair was founded in 1985 by Irish businessman Tony Ryan. Traditional Chinese: 恭喜發財; Simplified Chinese: 恭喜发财; pinyin: Gōngxǐ fācái; Hokkien Keong hee huat chye (POJ: Kiong-hí hoat-châi); Cantonese: Kung hei fat choi (also spelled kung hei fat choy or kung hey fat choi), although the actual pronunciation is much closer to "goong hei faht choi"; Hakka: Kung hee fat choi, which loosely translates to "Congratulations and be prosperous." Often mistakenly assumed to be synonymous with "Happy new year", its usage dates back several centuries, with the Cantonese transliteration said to have first entered English usage in the 1800s, for instance. . And 过年好 can be used from the first day to the fifth day of chinese new year. Critics, meanwhile, have attacked its trade union policies [3], and have charged that it practises deceptive advertising [4]. But in northern part of china, traditionally people say Simplified Chinese: 过年好; pinyin: Guo Nian Hao, instead of Simplified Chinese: 新年快乐, to make difference from the international new year. Its supporters praise its commitment to exceptionally low fares, its radical management, its populism, and its willingness to challenge what Ryanair calls the 'establishment' within the airline industry (similar to its American counterpart, Southwest Airlines). A more contemporary greeting reflective of western influences, it literally translates from the greeting "Happy new year" more common in the west. Ryanair is one of Europe's most controversial companies, praised and criticised in equal measure [2]. Traditional Chinese: 新年快樂; Simplified Chinese: 新年快乐; pinyin: Xīnnián kuàilè; Hokkien POJ: Sin-nî khòai-lo̍k; Cantonese: Sun nin fai loh. Ryanair has been characterised by rapid and continuing expansion, enabled by the deregulation of the air industry in Europe in 1997. The word "hair" is a homonym to the word for "prosperity". Over the years it has evolved into the world's most profitable airline [1], running at remarkable margins by relentlessly driving costs down. A hair-cut is considered inauspicious when done during over the holidays. It is Europe's largest low-cost carrier, operating 209 low-fare routes to 94 destinations across 17 European countries. kwatji. Ryanair (ISEQ: RYA) LSE: RYA (NASDAQ: RYAAY) is an airline based in Ireland. Candy. Ryan-Be-Fair. Fish. The financial operations of Ryanair. Chrysanthemum (symbolises longevity). Ryanair Passenger Opinions. Narcissus. Ryanair Fleet Detail. Kumquat plants (symbolises prosperity). Ryanair. Peach blossom (symbolises luck). 76 Boeing 737-800 (further 6 on order). The first two days. 1 Boeing 737-400. The first three days. 7 Boeing 737-200. The first three days. [15]. The first five days. Subsequent media reports suggested that the man was going to hijack the aircraft and fly it into the United States Embassy in London. Ryanair Flight 685 from Stockholm's Vasteras airport to London Stansted in September 1, 2002 was delayed by several hours after a Swedish man of Arabic origin was detained after attempting to board the aircraft with a loaded gun. The UK Air Accident Investigation Board recommended changes to training procedures for air-crew to allow better handling of similar situations in future. Subsequent investigations found that the air crew struggled to open the emergency doors, and some passengers were evacuated towards the fire. Ryanair Flight 296 (Boeing 737-800) from Dublin to London Stansted caught fire shortly after landing on February 27, 2002. Callsign: Ryanair. ICAO Code: RYR. IATA Code: FR. |