We're Ryanair, we got our business model wrong, you MUST bail us out!

But isn't travel insurance for that, rather than a fault of the company that you choose to get to your holiday destination with?
 
While there doesn't seem much that Ryanair can do in that their position is not supported by law I do feel a certain amount of sympathy for the stance they are attempting to take. This is a disaster of unprecedented scale for the aviation industry and no business would reasonably expect that they should have to pay say 8x the value of the fare they charge in compensating people for circumstances outwith their control. Other companies may manage to do so but it's hardly as if they will find it comfortable to do so.
 
stockhausen said:
if you took out a mortgage to buy a house on the assumption that you would have a job and be able to make your payments, should the Government bail you out if your gamble didn't pay off :confused:
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Actually, to a certain extent, they do.

What's the Liberal Democrat's view on this I wonder...
 
Duke said:
But isn't travel insurance for that, rather than a fault of the company that you choose to get to your holiday destination with?
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No, 'cos the law says the airlines are liable. They should have bought their own insurance for situations like this.
 
clv101 said:
No, 'cos the law says the airlines are liable. They should have bought their own insurance for situations like this.
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Direct Line:

The volcanic ash is still causing major disruption for those people trying to leave and return to the UK. As such, we want to remind our customers that they will be covered for travel delay and missed departure to the limits set out in their policy terms and conditions. Please note, all customers should contact their airline or tour operator before they contact their insurer.
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Insurers are providing some cover for it.

SB118 said:
Did some of my own reading on the subject and this seems to make things a lot clearer -> linkie
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I don't know what just happened there, but I feel much better now. Thanks.
 
Janesy B said:
What's stopping people from using Travel Insurance to claim these costs, surely that's what it is for????
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Duke said:
But isn't travel insurance for that, rather than a fault of the company that you choose to get to your holiday destination with?
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You are missing the point . . .

. . . Ryanair are choosing to ignore a rule governing the service they have chosen to offer. If they can choose to ignore one rule governing their behaviour, why not others, why should they bother to obtain an airworthiness certificate, service their fleet, employ qualified aircrew, etc., etc., etc.

They knew, or should have known the rules and shouldn't be allowed to ignore them for their convenience, any more than you or I should be allowed to choose whether or not to pay tax.


ps - I have amended my Sig for a couple of weeks ;)
 
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I agree that it is unfair, but I hope Ryanair get forced to pay as I am forced to fly with the nobbers on a fairly regular basis.
 
stockhausen said:
You are missing the point . . .

. . . Ryanair are choosing to ignore a rule governing the service they have chosen to offer. If they can choose to ignore one rule governing their behaviour, why not others, why should they bother to obtain an airworthiness certificate, service their fleet, employ qualified aircrew, etc., etc., etc.

They knew, or should have known the rules and shouldn't be allowed to ignore them for their convenience, any more than you or I should be allowed to choose whether or not to pay tax.


Vote Lib-Dem, choose change!​


ps - I have deleted my Sig for a couple of weeks ;)
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Are other airlines adhering to this regulation? Wouldn't you agree that this is a fairly exceptional event and the Airlines should not be penalised as such, considering the large losses they have made?
 
stockhausen said:
if you took out a mortgage to buy a house on the assumption that you would have a job and be able to make your payments, should the Government bail you out if your gamble didn't pay off :confused:
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There are types of benefits that help people in such a situation, they will pay the interest on your mortgage for you, so it's a bit of a poor example.
 
stockhausen said:
You are missing the point . . .

. . . Ryanair are choosing to ignore a rule governing the service they have chosen to offer. If they can choose to ignore one rule governing their behaviour, why not others, why should they bother to obtain an airworthiness certificate, service their fleet, employ qualified aircrew, etc., etc., etc.

They knew, or should have known the rules and shouldn't be allowed to ignore them for their convenience, any more than you or I should be allowed to choose whether or not to pay tax.


Vote Lib-Dem, choose change!​


ps - I have deleted my Sig for a couple of weeks ;)
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I think you are missing the point.

This whole thing has nothing to do with business model. This is almost like saying it iwas a bad idea to have an office in the World Trade Centre prior to 9/11.
 
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Janesy B said:
Are other airlines adhering to this regulation? Wouldn't you agree that this is a fairly exceptional event and the Airlines should not be penalised as such, considering the large losses they have made?
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The airlines knew the rules, knew they would be liable. Their business plans should have included building up cash reserves to cover such an occurrence or (more realistic) have insured themselves against such loss.

Ryanair and many others seems not to have done this - leaving themselves exposed. Now they must lose the money and go bust if need be (to be replaced by new airlines who'll buy up the planes etc from administrators).

Running your business under insured is great - until something goes wrong. Getting a public (that's you and me the tax payer) bailout is not acceptable.
 
Janesy B said:
Are other airlines adhering to this regulation? Wouldn't you agree that this is a fairly exceptional event and the Airlines should not be penalised as such, considering the large losses they have made?
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To be honest, no, I wouldn't agree that ANY airline should be able to choose to ignore ANY rule governing its behaviour.

If I buy a ticket from Ryanair in the belief that it covers a return flight from Manchester to Geneva, I don't expect to be dumped at Munich airport as a result of fog or snow at Geneva (for Ryanair's convenience) any more than I would expect to be able to elect to come back from Milan (for my convenience).

Any business should know the rules under which they operate and shouldn't be allowed simply to ignore them for their convenience.
 
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The airlines knew the rules, knew they would be liable. Their business plans should have included building up cash reserves to cover such an occurrence or (more realistic) have insured themselves against such loss.
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i agree.

if Ryanair did not agree with this then they should have pulled out of EU flights in 2004.

ultimately someone is going to lose out through this crisis. the consumer is more protected than businesses are by law. therefore the commercial airlines are going to be asked to pick up the tab.
 
Von Smallhausen said:
I hope stockers changes his sig to where it at least reflects the truth.


Vote Lib-Dem, choose Labour in the event of a hung parliament.​
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He should be saying:

Vote Lib-Dem, get Labour in the event of a hung parliament, so don't be a fool and vote Conservative.​

Now back to the penny pinching Ryan’s FairAir, buy a ticket for three quid and get three quid back, now that seems fair. ;)
 
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