Tuesday, 8 February 2011

RYANAIR FREEZE PAY IN LINING THEIR POCKETS AGAIN and AGAIN.

Im sure you all have heard somewhere or another that Ryanair made a Q3 loss of €10,but can still manage to make a predicted €300+million after tax profit at year end.So what does this mean for staff of Ryanair:

For the 3rd YEAR running now Ryanair,WFI,Crewlink etc will FREEZE pay again for employees.How you ask?It is stipulated in our contracts that should the company suffer two CONSECUTIVE quarter losses that a pay freeze will automatically apply.
But what Ryanair is doing is paying off obscure debts in Q2/Q3 meaning that they will make a "technical" loss meaning that they can freeze pay again and save themselves more money for the future:

For example: They paid out a €500 dividend to Share holders in October 2010,so why didnt they just pay out €450 and make a slight profit?Well that would have ment that they would have to give us a pay raise inline with our contracts,along with all the other staff in Ryanair and management.Bonuses would have to be paid etc.
But it makes no odds to MoL,Bonderman and Co. as they make there bonuses on the shares that they own and sell at a now massively inflated price at year end due to a huge profit and the HUGE SAVINGS(wages) that they have made.

Aswell as this MoL,Bonderman and Co. own all of the leasing companies for leasing aircraft to Ryanair but if you look closely at the Q3 report from 2009/10 financial year and the Q3 report from 2010/2011 financial year you can see that aircraft leasing from MoL or Bondermans OWN COMPANIES has risen from €69.6million in '09/'10 --> €74.1million in '10/'11 so management who said that they were also taking a pay freeze and no bonuses have actually been linning there own pockets through "subsiduary" companies that they own!How can we know this?

MoL as stated in a blog earlier on this site is as big a lier as Hitler was,Ryanair claims to have a "Brand new fleet of 250 boeing 737-800 aircraft",but wait a minute,Ryanair dont actually own most of there aircraft,the aircraft actually belong to MoL etc leasing companies that inturn lease them to Ryanair!If you look rather closely at the Q3 report you would notice that "Deprication" costs are rather low considering that annual depreciation rates on civil aviation jets is in the region of 7.5-10% of its overall cost.
This getting deep I know but have a look:

 With the average 737-800 aircraft costing $55million(€41million) then the math would be:
7.5%(depreciation) of €41million(Aircraft cost) = €3.2million per annum depreciation per aircraft then mulitiply this by 250(the number  of 737-8 Ryanair say they own) so there annual depreciation bill should be well over €800million(not to mention depreciation of company cars,computes property etc) not the €200.1million that they mention in there report.
So where is this annual aircraft depriciation bill?Well you guessed right,the costs are on the leasing companies books that MoL,Bonderman and Co. own!

I know a lot of you will read this and say its to deep to look at,or its stupid,but the fact of the matter is that the company is a very corrupt,deceptful company.They phrase things in such a way that it may seem true at face value,but look closely and its a different story.
This comes back to O'Leary on Joe Duffys show,saying that Ryanair dont charge for training,technically RYANAIR dont,but the companies that supply Ryanair cabin crew do.RYANAIR do provide training technically for free,but this is after cabin crew have paid thousands to Dalmac,Crewlink etc to actually be crew.
Ryanair has been decieving people for years crew,pilots and the general public,this is only a small example of where Ryanair gets there "Low Fares" from.They shaft there own staff and decieve them to keep there own pockets full!

On a closing note:
Im sure you have heard MoL waffle on about "High Fare,fuel surcharging airlines" but some might ask what does that mean?
Well BA for example charge a fuel surcharge of £24 for a return flight to Prague(A Ryanair route aswell),and a ticket with BA costs £100 return plus £24 f/s,so total is £124.New fuel charge brings it up to £130!
When the price of fuel goes up so does the price of the surcharge.So BA announced several weeks ago that the price was going up,they made it very transperant.

But MoL who uses this surcharge as a weapon of advertising propaganda also charges a fuel surcharge,but does it in his usual underhand,decieving way.
Ryanair do the same route return for £110,with no fuel surcharge in December,but then come the increase in fuel MoL said quote on quote "Ticket prices will rise by 10-12% in the next year to reflect our higher fuel costs",so the same ticket now costs you £121.Why?Because fuel is more expensive,so therefor Ryanair has slapped on a "Fuel Surcharge" but called it something different,"a Ticket price increase due to rising fuel costs".

But wait a minute,BA did the same thing,but kept there own ticket price at the same price but upped a fuel surcharge that was beyond there control.
Not only does Ryanair just hike the ticket price up,they do so in a way that may not reflect the actual increase in fuel costs,where as British Airways fuel surcharge is very transperant and can easily be checked against fuel prices(if your that concerned).
Another example of Ryanairs lies and  phrasology that the use to pull the wool over your eyes....

Ryanair is a complex mechanism,wrapped within an enigma and kept within a matrix,they are a maze within a maze of lies,decept and half truths.The general public will nearly always try for a cheaper deal,but you need to understand where its coming from and who suffers..
The staff,whethers its pilots,cabin crew,cleaners or accountants the only people who win is MoL and Co.

No comments:

Post a Comment

Note: only a member of this blog may post a comment.