Thursday, February 12, 2009

Virgin Atlantic eyes 600 job cuts





http://news.bbc.co.uk/2/hi/business/7886282.stm

Virgin Atlantic has said it is consulting with staff over the possibility of making up to 600 redundancies across the business.

The airline said it was reshaping its business to ensure it remained strong during the economic downturn.

"No airline is immune from the recession," said Virgin Atlantic chief executive Steve Ridgway.

Saturday, October 25, 2008

Ryan air cuts may inadvertantly help Spainish locals to save water


The airline industry's woes deepened today as it posted its biggest drop in passenger numbers in five years and Ryanair abandoned a Spanish base in a row over costs.

http://www.guardian.co.uk/business/2008/oct/24/airlineindustry-ryanair-spain-recession

As mentioned by Intuitive Blogger back in May 2008, the good news here could be that less water will be consumed by tourists in Spain as water has become a scarce commodity there.

http://intuitiveblogger-intuition.blogspot.com/2008_05_01_archive.html

Could a drop in vacation Spanish real estate vacationhomes be seen as a positive outlook for Spain's water?
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Monday, July 28, 2008

Ryanair are keeping prices down in climate of high oil prices

aThe Ryanair story keeps unfolding....

http://www.guardian.co.uk/business/2008/jul/28/ryanair.theairlineindustry3
Ryanair will slash fares by 5% over the winter after abandoning plans to raise ticket prices amid fears that cash-strapped passengers will be turned away by costlier flights.
....in order to stay profitable it will need to maintain load factors of around 85% during the worst economic downturn in 20 years.

Ryanair from past posts:




[ryanairStocksOil1.jpg]