PIK

[Clive]

Sh!t. PIK have agreed a new 5 year deal with Ryanair.

https://www.insider.co.uk/company-resul ... e-31482501

[PiperOne]

The delay in FR's S23 routes going on sale about this time last year was presumably a bit of brinkmanship during the negotiations.

And perhaps explains the delay in loading S24 as well. It'll be interesting to see how this pans out in practice.

[Clive]

The delay in FR's S23 routes going on sale about this time last year was presumably a bit of brinkmanship during the negotiations.

And perhaps explains the delay in loading S24 as well. It'll be interesting to see how this pans out in practice.

Hopefully it doesn’t mean a deal with GLA is off the table. Indeed it might now pave the way for a GLA base announcement.

[GeorgeNTravels]

PIK didn't get it's schedule fully loaded last year until December 23rd and officially confirmed publicly by press release in February, still plenty of time, especially as MAX delays and deliveries become more certain.

[will1983]

Future growth at PIK. What is their based A/C just now for S24? Noticed a lot of the S24 schedule is away-based flying too.

[Bearsden]

Sh!t. PIK have agreed a new 5 year deal with Ryanair.

https://www.insider.co.uk/company-resul ... e-31482501

Not surprising - marginal revenue > marginal costs

Those in power at Holyrood enjoy the political 'brownie points' from keeping PIK as a passenger airport - although it is the military activity which keeps it afloat . . . no sign of that abating in the foreseeable

SG manage the spin so McConnell regurgitates 'Prestwick Airport, which is owned by the Scottish Government, has unveiled its fourth consecutive annual profit, boosted in the year to March by a surge in passenger numbers.' with the obligatory Ryanair B738 photograph . . . £1.3m revenue last year to £3.8m in 2022/23 but fuel revenue (mainly military of course) increased from £20.8m to £40.8m

I wonder why they are sitting on £19.6m in the bank but still owe SG £43.4m loan + £9.1m interest . . . . going to waive the interest in a sale and cut the price down to £23.8m (£43.4m less £19.6m)??

[Clive]

Sh!t. PIK have agreed a new 5 year deal with Ryanair.

https://www.insider.co.uk/company-resul ... e-31482501

Not surprising - marginal revenue > marginal costs

Those in power at Holyrood enjoy the political 'brownie points' from keeping PIK as a passenger airport - although it is the military activity which keeps it afloat”

Remember we’re not allowed to stray into politics but really is there anyone outwith this forum who doesn’t think it should be a passenger airport? The Brownie points are due to saving the facility from closure and the job will be complete when the business is sold.

[TonyM90]

Would bet that in the coming weeks there will be an announcement and the Glasgow routes - Krakow, Warsaw and Charleroi will all move over and they will start Budapest and Bucharest just to stick it to Wizz plus some "frequency increases" - no doubt the Alicante and Malaga flights.

Its amazing given all the SNP's environmental posturing and reliance on the Green Party that they continue to prop this up. A so called progressive government doing deals with Ryanair to keep a white elephant operating and bus people back and forth to the Med (and potentially Eastern Europe)?

Is there any way the public can obtain clarity on the Ryanair deal or is it all confidential, NDA type stuff, even though its probably public funded or incentivised?

Focus should move at GLA now on courting Wizzair if not already occurred to open a base. If they can even consider opening a seasonal base at Cardiff then Glasgow is absolutely capable, and lets not be snobby about Wizz, Ryanair hardly have the most ethnical or reliable business practices either.

Aviation in the West is such a mess. This is it really until the Prestwick terminal goes and I can really see some having the audacity to suggest we demolish and publicly fund a new passenger terminal there when the time comes!

The job losses on the commercial aviation front would be minimal. You're talking jobs simply just moving half an hour up the road, if anything it would create jobs by further consolidating GLA and having a more centrally located operation.

[Clive]

Would bet that in the coming weeks there will be an announcement and the Glasgow routes - Krakow, Warsaw and Charleroi will all move over and they will start Budapest and Bucharest just to stick it to Wizz plus some "frequency increases" - no doubt the Alicante and Malaga flights.

Its amazing given all the SNP's environmental posturing and reliance on the Green Party that they continue to prop this up. A so called progressive government doing deals with Ryanair to keep a white elephant operating and bus people back and forth to the Med (and potentially Eastern Europe)?

Is there any way the public can obtain clarity on the Ryanair deal or is it all confidential, NDA type stuff, even though it’s probably public funded or incentivised?

PIK’s management board handle all aviation and financial matters and they were charge by the owners - us - to keep it going and turn it around until it can be sold. Unfortunately for you the management have turned a loss making business facing imminent closure into a profitable one and for most observers outwith GLA that would be a good news story. It’s usually seen as good when an industry imbedded in a community is saved from closure.

Regardless of the terminal not closing as we had hoped, I expect a Ryanair GLA base is being worked on as we speak unless we think there is no real market here worthwhile serving.

[hads]

There certainly is a market. However, lets just park the Ryanair base strategy. Well I say strategy, its more of a Christmas wish list.
Its isnt going to happen as long as PIK is open. So thats a five year minimum stretch.
Lets look elsewhere. It will be better for sanity all round.