Tuesday, May 31, 2005

Ryanair, the Irish low fares airline, which last week celebrated twenty years in business, has reported a 19% increase in profits. The airline, which operates over 200 routes, revealed in its annual results that after tax profits had increased to €268.9m (US $332 million), comfortably beating the median analyst forecast of €248m ($306 million).

Group revenue rose by 24% to a record €1.34bn ($1.66 billion), on the back of a 19% rise in passenger numbers to 27.6m ($34.1 million). By 10:30am UTC, Ryanair shares had risen by 4.48% to €6.53 ($8.06) ( on the Irish Stock Exchange (ISE), having hit €6.66 ($8.22) earlier in the morning – briefly valuing Ryanair above the €5bn ($6 billion) mark.

Despite the increase in profits, the firm told investors that the increased cost of fuel posed a serious threat for the future, however Ryanair has hedged 75% of next winters fuel needs at €38 ($47) a barrel. CEO Michael O’Leary, told the media in relation to fuel costs, “Our outlook for the coming 12 months is more positive than it was this time last year”…”Clearly fuel costs remain high, and the market is volatile.” He also reiterated that Ryanair would not impose fuel surcharges on customers.

Ryanair’s 2004 record profit is larger than that of Easyjet ($74m), British Airways ($240m), and even its role model Southwest Airlines ($313m). The fact that it made €248m on turnover of just €1.34bn makes it by some margin the world’s most profitable major airline. One of the key methods of keeping costs to a minimum at Ryanair is by using less staff to carry more passengers, in comparison to its main competitors:

• Ryanair employs 2,300 staff and carries 27m people a year;
  • 11,700 passengers per staff member
• easyJet employs 3,600 staff and carries 24m people a year;
  • 6,666 passengers per staff member
• Aer Lingus employs 3,900 staff and carries 7m people a year;
  • 1,795 passengers per staff member
• Air France-KLM employs 64,000 staff and carries 65m people a year;
  • 1,015 passengers per staff member
• British Airways employs 51,939 staff and carries 35m people a year;
  • 674 passengers per staff member

Ryanair has a stated aim of raising its passenger numbers to above 70m within five years time, making it Europe’s largest airline. The Dublin-based airline currently is awaiting delivery of 200 new planes from Boeing which it hopes to use to achieve this ambitious aim and to replace its older aircraft.

Monday, January 3, 2011

Pakistani officials have stated that three US drone strikes have killed fifteen people in the country Saturday. The attacks occurred to the north of Miranshah town in the North Waziristan region.

Security officials in the town informed AFP that in the first strike, US drones fired four missiles on a car, killing seven suspected militants. A nearby “militant compound” was also destroyed by the missiles. “Three militants were killed in the car while four were killed in the house,” the official said. The second attack occurred within minutes of the first, and four militants, who were carrying on rescue work were killed by the two missiles that had been fired.

Intelligence officials believe that the militants were associated with Hafiz Gul Bahadur. “We are trying to establish identity of the militants but most of them are believed to be fighters of Hafiz Gul Bahadur,” an official told the media. However, the death toll and the identity of those killed was not officially confirmed. A local official stated that they had heard reports stating “that four foreigners were also killed in these fresh attacks”. However, he added that their identity is “still not known” and mentioned that they “are collecting more information.”

Sunday, January 27, 2008

Viktor Schreckengost, the father of industrial design and creator of the Jazz Bowl, an iconic piece of Jazz Age art designed for Eleanor Roosevelt during his association with Cowan Pottery died yesterday. He was 101.

Schreckengost was born on June 26, 1906 in Sebring, Ohio, United States.

Schreckengost’s peers included the far more famous designers Raymond Loewy and Norman Bel Geddes.

In 2000, the Cleveland Museum of Art curated the first ever retrospective of Schreckengost’s work. Stunning in scope, the exhibition included sculpture, pottery, dinnerware, drawings, and paintings.

Sunday, April 19, 2009

Six-year-old Thomas David Horne from the United Kingdom has died and eleven other British tourists were injured Friday when their plane crashed in Canaima National Park in Venezuela. They were on a sight seeing tour of the world’s tallest waterfalls, the Angel Falls.

The single engine, nine-seater Cessna 208 Caravan, lifted off shortly before the end of the runway, lost power, and then surged briefly before plummeting into the Venezuelan jungle in front of the 3,200 ft falls.

“It started to take off and we sensed it was losing power. Then it seemed to get it back and lifted off just 200 metres before the end of the runway. Then it dived into the trees,” reported Makeli Freire, a park tour guide.

Three of the injured sustained serious injuries, while the others suffered mainly broken bones. Thomas Horne, who sustained serious head injuries, died on the way to a local hospital. The pilot, co-pilot and tour guide were among the injured. Everyone on board was flown to Ciudad Bolívar, the capital city of Venezuela’s Bolívar state, where they were treated for their injuries. Among the injured were Thomas’s mother and father Jane and David who were among those who had broken bones. They were British tourists finishing up a two week holiday to Venezuela.

“The young boy died as he was being flown to hospital. His parents are both physically OK but are completely distraught over the loss of their son,” said Maiker Puga, of the Ciudad Bolivar clinic.

Liz and her husband Keith Grainger and S. Phillips, also British tourists, were also injured in the crash. The names of the three other British tourists and the three person crew who were injured have not been released at this time.

The plane tour was offered by First Choice, a division of TUI Travel PLC who extended their “heartfelt sympathy to family and friends during this deeply sad time.” LTA airline has suspended further flights until the investigation is concluded.

June Holman, Thomas’s aunt who was not on holidays said, that “there is nothing worse than losing a loved one, especially not a young child with their whole life ahead of them. The thoughts of us all are with his parents Jane and Dave at this very sad time.”