I enjoyed reading this one on Ryanair, the zero-frills European budget airline.
Money quotes:
The Scotsman, quoting Ryanair's own figures, writes that the carrier handles 10,000 passengers per employee, compared to no-frills rivals EasyJet's 6,300 and British Airways' 760.
Note to sell-side telecom analysts: don't forget to ask your telco friends how they plan to slash 90% of their labour costs. You mean, they haven't told you already?
... On Lufthansa, [Ryanair CEO Mike O'Leary] has this to say about chief executive Jurgen Weber: "Weber says Germans don't like low fares. How does he know? He's never offered them any. The Germans will crawl bollock-naked over broken glass to get them."
Note to buy-side telecom analysts: spotted anyone offering low, low prices recently? If they've also slashed 90% of their labour costs, they're a buy.
Posted by Martin Geddes at 10:41 AMTrackBack URL for this entry:
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