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Posts tagged to ryanair |
Alitalia staff vote down latest cost cutting plan: Financial difficulties making the future of the company look increasingly uncertain
Alitalia has for many years now been a company incurring consecutive losses year after year. Historically the Italian government has stepped in during times of extreme financial difficulties to bail out the country’s flag carrier. However in 2014 it agreed to sell a 49% stake in the company to UAE based Etihad Airways, which subsequently invested significant resources into Alitalia in order to turn it into a profit making company. Disappointing results nevertheless have continued and Etihad’s attempts to get the company to reduce costs by lowering wages and reducing… Read more
Ryanair profits soar as evolution of business model delivers results
On Tuesday 26th May, Ryanair Holdings (Ryanair), a low-fares scheduled passenger airline serving 1,600 short-haul, point-to-point routes across Europe; announced a 66% year on year increase in net profit. The company’s growth is no surprise to Marketline- the evolution of Ryanair’s business strategy was extensively examined in a March 2015 Case Study, Cheap but no longer nasty: evolution at Ryanair, which predicted Ryanair shareholders were set to benefit from a sustained period of strong cash generation, as the ‘Always Getting Better’ program delivered continued growth in passenger volumes. The program,… Read more