Comment by KolmogorovComp
Comment by KolmogorovComp 3 hours ago
That's not (really) it.
Ryanair makes little to no money from passengers, nowadays it's mainly from selling airplanes. They were still profitable during COVID without even carrying passengers at some point, only thanks to their flying school, which thanks to social dumping and the UE, allow them to charge 40k€ per wannabe pilot without even guaranteeing them a hire.
They booked 2000 737max, with their own special version during COVID+MCAS disaster, they paid it dirt cheap.
Then they operate them marginally, and now that the traffic has gone up again and the delay between buying and receiving a Max is about 8 years, they sell them back for a huge profit.
It's been known for ages in the industry.
Do you have a link for that? It sounds interesting but a bit unlikely. It's hard to see how charging for pilot training, even at 40K a pop, would be a sustainable business.
The thing about buying planes is also interesting, but sounds like a sneaky business move rather than the actual foundation of the business.
I've always heard that nobody really makes money from passengers, which is why airlines are always going bankrupt, and I'm sure Ryanair's margins are super skinny. But even so, it does seem like moving passengers around is the core of their business, rather than it just being a front for something else.