Cruise liners in trouble?

jules1970

Free Member
Jan 7, 2014
64
1
Wasn't aware Richard owned the airline anyway. He had a minority share last I looked - with others owning more of the airline than him.

The British media seemed to think that business owners should pay to support their own business.

As not member cant do questions, oh well. Still as I went to say yes he owns minority. A d agree had a cheek as didn't want use his own money.
 
Upvote 0

Mr D

Free Member
Feb 12, 2017
28,915
3,627
Stirling
You are right. He did own a minority, just not anymore. Yes I agree, was a cheek to ask when he didn't want use his own fortune. Others have forked out so why didn't he.


Errmmm..... lots of other companies didn't use shareholders personal fortune to prop up the business.
Instead relying on government.

May have noticed grants, loans, furlough?
 
Upvote 0

fisicx

Moderator
Sep 12, 2006
46,800
8
15,443
Aldershot
www.aerin.co.uk
Upvote 0
Questions
  • Will the airlines offer cheap flights again to get full aircraft or raise fares to claw back their losses

We fly to Lanzarote every Easter and I normally book three Ryanair flights for around £1,000 but they are selling flights for next Easter at £550 for three which i snapped up. I also grabbed three flights to Menorca in early June 2021 for £500 from Birmingham which is my local airport whereas I normally have to drag myself down to Gatwick for prices that cheap.

When i book Ryanair flights I also pay for a suitcase and prebooked seat for each of us which makes next year's prices exceptional value
 
Upvote 0

jules1970

Free Member
Jan 7, 2014
64
1
We fly to Lanzarote every Easter and I normally book three Ryanair flights for around £1,000 but they are selling flights for next Easter at £550 for three which i snapped up. I also grabbed three flights to Menorca in early June 2021 for £500 from Birmingham which is my local airport whereas I normally have to drag myself down to Gatwick for prices that cheap.

When i book Ryanair flights I also pay for a suitcase and prebooked seat for each of us which makes next year's prices exceptional value

Yep good value. You should had held on it may go down even lower?
 
Upvote 0

jules1970

Free Member
Jan 7, 2014
64
1
Errmmm..... lots of other companies didn't use shareholders personal fortune to prop up the business.
Instead relying on government.

May have noticed grants, loans, furlough?

But that's the problem he wanted to get bailed out by government which was refused and rightly so. When asked to put his hand in his pocket and pay towards it he didn't want to. So instead he sold his share. Though I wonder now how long will it last anyway. Sell off the planes, cut staff even more? I thought they were already in debt?
 
Upvote 0

Mr D

Free Member
Feb 12, 2017
28,915
3,627
Stirling
But that's the problem he wanted to get bailed out by government which was refused and rightly so. When asked to put his hand in his pocket and pay towards it he didn't want to. So instead he sold his share. Though I wonder now how long will it last anyway. Sell off the planes, cut staff even more? I thought they were already in debt?

What problem?
Other companies wanted to be bailed out by government and were.

The government didn't ask those other company shareholders to put their hands in pockets and pay towards maintaining the company.

Sell off planes? Exactly who would be wanting to own planes at this moment in time? I wouldn't buy one for a quid.
Apart from bit big for my garden...
 
Upvote 0

fisicx

Moderator
Sep 12, 2006
46,800
8
15,443
Aldershot
www.aerin.co.uk
He didn’t own any planes, they were all leased. Very few airlines buy aircraft anymore.
 
Upvote 0

jules1970

Free Member
Jan 7, 2014
64
1
What problem?
Other companies wanted to be bailed out by government and were.

The government didn't ask those other company shareholders to put their hands in pockets and pay towards maintaining the company.

Sell off planes? Exactly who would be wanting to own planes at this moment in time? I wouldn't buy one for a quid.
Apart from bit big for my garden...

Course he wanted the government to bail him out! He wanted nearly a 1B They refused. Simple. He even put his necker island as a guarantee though it's only worth few millions. He said he wanted make it clear that it would be a loan! Still the government rightly refused. He was also asked to put his own money up front first. Which again he didn't want to. So after his long pleading letter to the government which did not work he sold his share.
 
Last edited:
Upvote 0

jules1970

Free Member
Jan 7, 2014
64
1
What problem?
Other companies wanted to be bailed out by government and were.

The government didn't ask those other company shareholders to put their hands in pockets and pay towards maintaining the company.

Sell off planes? Exactly who would be wanting to own planes at this moment in time? I wouldn't buy one for a quid.
Apart from bit big for my garden...

I also added that the new company which has bought RB shares is worthless. Virgin Atlantic is in debt upto eyeballs. I can't see it lasting. That's what I was stating it's not going to be worth selling even if they did.
 
Upvote 0

jules1970

Free Member
Jan 7, 2014
64
1
It was two weeks ago that I bought the three Easter flights for £520 and I've just checked the prices today and the three flights are listed at £1,490 so they have gone up by £969 in a fortnight

They probably fluctuate. I wouldn't be surprised if they go down. Talking of Ryanair. I remember seeing that the owner made a remark to Richard Branson. If he wanted to save Virgin Atlantic he should put his own funds up front first before approaching the government for help. Ryanair owner paid money upfront keep his staff paid, Richard Branson obviously didn't want to.
 
Upvote 0

jules1970

Free Member
Jan 7, 2014
64
1
What problem?
Other companies wanted to be bailed out by government and were.

The government didn't ask those other company shareholders to put their hands in pockets and pay towards maintaining the company.

Sell off planes? Exactly who would be wanting to own planes at this moment in time? I wouldn't buy one for a quid.
Apart from bit big for my garden...
 
Upvote 0

Mr D

Free Member
Feb 12, 2017
28,915
3,627
Stirling
Course he wanted the government to bail him out! He wanted nearly a 1B They refused. Simple. He even put his necker island as a guarantee though it's only worth few millions. He said he wanted make it clear that it would be a loan! Still the government rightly refused. He was also asked to put his own money up front first. Which again he didn't want to. So after his long pleading letter to the government which did not work he sold his share.

Didn't suggest he was not wanting a bailout.
As every other company in the UK did too.

Many of us have had a bailout in one form or another, some have more than one.
A few may do very well out of the business rates, furlough etc.
 
Upvote 0

Mr D

Free Member
Feb 12, 2017
28,915
3,627
Stirling
They probably fluctuate. I wouldn't be surprised if they go down. Talking of Ryanair. I remember seeing that the owner made a remark to Richard Branson. If he wanted to save Virgin Atlantic he should put his own funds up front first before approaching the government for help. Ryanair owner paid money upfront keep his staff paid, Richard Branson obviously didn't want to.

Just because one wants to spend some money does not mean others should do the same.
We are hardly going to ask the owner of Arcadia to put her money in before getting any help from government after requiring her stores be shut.
 
Upvote 0

jules1970

Free Member
Jan 7, 2014
64
1
What problem?
Other companies wanted to be bailed out by government and were.

The government didn't ask those other company shareholders to put their hands in pockets and pay towards maintaining the company.

Sell off planes? Exactly who would be wanting to own planes at this moment in time? I wouldn't buy one for a quid.
Apart from bit big for my garden...


Actually re quote Richard sold his disastrous Virgin Galactic to put up money, 500m. Shareholders has also contributed towards the 900m needed. He has apparently retired some his fleet 747s. Cut third of staff. Anyway if it survives who knows the future maybe it will maybe it wont. Time tells.
 
Upvote 0

Mr D

Free Member
Feb 12, 2017
28,915
3,627
Stirling
Actually re quote Richard sold his disastrous Virgin Galactic to put up money, 500m. Shareholders has also contributed towards the 900m needed. He has apparently retired some his fleet 747s. Cut third of staff. Anyway if it survives who knows the future maybe it will maybe it wont. Time tells.

Pretty much expect the carriers to get rid of some of their fleet and staff. Like it or not the post covid travelling will not be the same.
Could be a few years before the demand for capacity approaches what it was last year.
 
  • Like
Reactions: jules1970
Upvote 0

Chris Ashdown

Free Member
  • Dec 7, 2003
    13,387
    3,006
    Norfolk
    The large problems airlines have is it's easy fire staff but recruitment takes months of training before you can use them, even a cattle class steward will take maybe 6-8 weeks from interview to getting on a aircraft pilots much longer

    Still have to pay for aircraft laid up and also watch them build up repair bills as many items on a plane are service items based upon either flying time or fixed time, so unable to just kick the tyres and start using again
     
    Upvote 0
    It was two weeks ago that I bought the three Easter flights for £520 and I've just checked the prices today and the three flights are listed at £1,490 so they have gone up by £969 in a fortnight

    Did you clear cookies and cache before you looked again? You might be surprised if you didnt......

    If you are searching flights for the second or more times ALWAYS clear cookies and cache before searching....

    ..... he said looking out at 5 massive cruise liners currently languishing on the west side of Lyme Bay, 2 from the Caribbean run, 2 from the Baltic run and another that usually on the Round the World run..... Even Spain has said they don't want them for the time being, but they will have every other scr*te from industrial England to drink and fight and generally make tw*ts of themselves!
     
    • Like
    Reactions: Ian J
    Upvote 0
    Did you clear cookies and cache before you looked again? You might be surprised if you didnt......

    If you are searching flights for the second or more times ALWAYS clear cookies and cache before searching....

    I just tested that by looking at the flights that I have already bought which showed a huge increase in price from two weeks ago and then clearing all cookies and trying again which gave me exactly the same results.

    As a matter of interest I carried on with my test and tried to book seats to find that the only seats booked for the flight were those that I have already bought.

    Ryanair obviously have a cunning plan. It's just not immediately obvious what it is :D
     
    Upvote 0

    Chris Ashdown

    Free Member
  • Dec 7, 2003
    13,387
    3,006
    Norfolk
    The cunning plan is when a certain percentage of the flights capacity is reached the price goes up and its based upon each flight so the price for flight A heathrow to Madrid at 12:00 will most likely different for the next flight at 14:00. its quite simple mathematics to get the most revenue from the later bookings

    Simple advertising, empty plane sell for £10 or so and get headline flight prices in adverts, after first 2 passengers add £10 extra and so on
     
    Upvote 0

    MikeJ

    Free Member
    Jan 15, 2008
    6,958
    2,251
    Northumbeland
    Upvote 0
    The cunning plan is when a certain percentage of the flights capacity is reached the price goes up and its based upon each flight so the price for flight A heathrow to Madrid at 12:00 will most likely different for the next flight at 14:00. its quite simple mathematics to get the most revenue from the later bookings

    Simple advertising, empty plane sell for £10 or so and get headline flight prices in adverts, after first 2 passengers add £10 extra and so on

    I can understand that but it doesn't seem to be how it works in practice.

    I wanted three flights from Birmingham to Lanzarote departing on 12th April 2021 and returning two weeks later.

    I looked at Ryanair's website on 15th June and each flight was £167.98 so I purchased three. I checked the website again 13 days later on 28th June to find that the prices had shot up to £490.98 each which was three times the price from a fortnight earlier.

    it can't have been because Ryanair had sold loads of other seats on the flight in the interim as when I checked the aircraft's seating plan the only seats taken were the three that I had bought
     
    Upvote 0

    Chris Ashdown

    Free Member
  • Dec 7, 2003
    13,387
    3,006
    Norfolk
    Outside forces also effect things, predictions for fuel x months in the future, news that travel agents and their own sites are getting very busy confirming they might be able to increase prices

    If you went from say 100 people showing interest and then it went mad at 5000 all needing or looking for flights would you not increase your basic seat price by a whopping amount after all you have been running at a loss for many months
     
    Upvote 0

    MikeJ

    Free Member
    Jan 15, 2008
    6,958
    2,251
    Northumbeland
    I'm quite impressed by the number of people that can't cope with being away from their partner for a couple of hours, when they're travelling away somewhere and won't be apart for the next week or so. When I'm on a plane I've either got my nose in a book or watching something on a tablet. When my wife is next to me, we rarely speak.
     
    Upvote 0

    MikeJ

    Free Member
    Jan 15, 2008
    6,958
    2,251
    Northumbeland
    As an aside, the wife and I flew Easyjet to Krakow last year for a long weekend. I had an aisle seat, she was one row in front, on a window seat on the other side. When the trolley came past, I got myself a tea and asked the cabin crew to ask my wife if she wanted anything. My wife said no.

    I then had to explain it was my wife, and I wasn't just trying an odd version of buying a stranger a drink in a bar to hit on her.
     
    Upvote 0

    fisicx

    Moderator
    Sep 12, 2006
    46,800
    8
    15,443
    Aldershot
    www.aerin.co.uk
    I'm quite impressed by the number of people that can't cope with being away from their partner for a couple of hours.
    We have got organised so sometimes don’t see each other for days. On the odd occasion when we are in the same room together there is this embarrassed silence until on or the other leaves and we can both relax.

    We communicate by text or cat.
     
    • Like
    Reactions: Noah
    Upvote 0

    fisicx

    Moderator
    Sep 12, 2006
    46,800
    8
    15,443
    Aldershot
    www.aerin.co.uk
    She googled for a gif of a hot cup of tea and sent me a message rather than asking. I'm sitting less than 10 feet away (in old money).

    But the cat walked across her keyboard and sent an incomplete email to her boss so that was payback.
     
    Upvote 0

    Latest Articles

    Join UK Business Forums for free business advice