Ryanair, Europe’s No.1 airline, today (08 Feb) announced a new Zakynthos to Budapest route, flying twice per week from the 1^st July as well as even more flights from Corfu and Chania to Budapest this summer.

Following strong demand from Greek consumers, Corfu to Budapest will now operate two flights per week (+1) and Chania to Budapest will now operate three flights per week (+1), from 1st July 2021.

Greek consumers can now book a getaway to Budapest this summer, flying on the lowest fares, with the option to avail of the € zero change fee should plans change, for customers who book before 31^st March 2021.

To celebrate, Ryanair has launched a seat sale with fares available from just €39.99, for travel from the 1^st July 2021, which must be booked by midnight Wednesday, 10^th February on the Ryanair.com website.

 

Ryanair’s Director of Commercial Jason McGuinness said:

“We are pleased to announce a new Zakynthos to Budapest route as well as even more flights from Corfu and Chania to Budapest, commencing on 1^st July 2021, as part of our Greek Summer 2021 schedule.

Mindful that Covid restrictions change regularly, Ryanair is now allowing up to two free flight date changes on all such bookings up until 31^st Oct 2021. Customers can now book flights for a well-deserved holiday knowing that if they need to postpone or change their travel dates, they can do so with a € zero change fee until the end of Oct 2021”.

To celebrate this, we are launching a seat sale with fares available from just €39.99 for travel from the 1^st July 2021, which must be booked by midnight Wednesday, 10^th February 2021. Since these amazing low fares will be snapped up quickly, customers should log onto www.ryanair.com and avoid missing out.”

Ryanair, Europe’s No.1 airline, today (02 Feb) announced it will add 5 additional flights every week from Tel Aviv to Paphos as part of its Summer 2021 schedule. Following strong demand from Israeli consumers, Ryanair will now operate 17 weekly flights from Paphos to Tel Aviv commencing 4^th July 2021.

Israeli consumers can now book a Summer getaway to Paphos, flying on the lowest fares, with the option to avail of the € zero-change fee should plans change, for customers who book before 31^st Mar 2021.

To celebrate, Ryanair has launched a seat sale with fares available from just €29.99, for travel from the 4^th July 2021, which must be booked by midnight Thursday (04 Feb), only on the Ryanair.com website.

 

Ryanair’s Director of Commercial Jason Mc Guinness said:

“Ryanair is pleased to announce even more flights from Tel Aviv to Paphos this summer commencing on 4^th July 2021.

Mindful that Covid restrictions change regularly, Ryanair is now allowing up to two free flight date changes on all such bookings up until 31^st Oct 2021. Customers can now book flights for a well-deserved holiday knowing that if they need to postpone or change their travel dates, they can do so with a € zero change fee until the end of Oct 2021”.

To celebrate this flight increase announcement, we are launching a seat sale with fares available from just €29.99, for travel from the 4^th July, which must be booked by midnight Thursday (04 Feb). Since these amazing low fares will be snapped up quickly, customers should log onto www.ryanair.com and avoid missing out.”

Ryanair, Europe’s No.1 airline, today (02 Feb) announced it will add 5 additional flights every week from Paphos to Tel Aviv as part of its Summer 2021 schedule. Following strong demand from Cypriot consumers, Ryanair will now operate 17 weekly flights from Paphos to Tel Aviv commencing 4^th July 2021.

Cypriot consumers can now book a Summer getaway to Tel Aviv, flying on the lowest fares, with the option to avail of the € zero-change fee should plans change, for customers who book before 31^st Mar 2021.

To celebrate, Ryanair has launched a seat sale with fares available from just €29.99, for travel from the 4^th July 2021, which must be booked by midnight Thursday (04 Feb), only on the Ryanair.com website.

 

Ryanair’s Director of Commercial Jason Mc Guinness said:

“Ryanair is pleased to announce even more flights from Paphos to Tel Aviv this summer commencing on 4^th July 2021.

Mindful that Covid restrictions change regularly, Ryanair is now allowing up to two free flight date changes on all such bookings up until 31^st Oct 2021. Customers can now book flights for a well-deserved holiday knowing that if they need to postpone or change their travel dates, they can do so with a € zero change fee until the end of Oct 2021”.

To celebrate this flight increase announcement, we are launching a seat sale with fares available from just €29.99, for travel from the 4^th July, which must be booked by midnight Thursday (04 Feb). Since these amazing low fares will be snapped up quickly, customers should log onto www.ryanair.com and avoid missing out.”

69% Load Factor As Covid-19 Continues To Impact Traffic

Ryanair Holdings plc today (2 Feb) released January traffic statistics as follows:

 

	2020	2021	Growth
Ryanair Group	10.8m	1.3m	-88%
Rolling Annual	152.9m	42.6m  (78% LF)	-72%

                                                                                   

Ryanair operated approx. 15% of our normal January schedule with a 69% load factor.

Ryanair Holdings plc today (1 Feb.) reported a Q3 loss of €306m, compared to a PY Q3 profit of €88m. Features of this 3-month period to 31 Dec. included:

 

• Q3 traffic fell from 36m to 8m (-78%).
• €3.5bn cash at quarter end (31 Dec.).
• Cost reduction & liquidity management continues at all Group airlines.
• Stansted low-cost growth deal extended by 4 years to 2028 – easyJet based slots secured.
• CDP awards Ryanair a strong (first time) B- climate protection score.
• Ryanair restricts non-EU shareholder voting rights post Brexit.
• Firm Order for 75x B737-8200 aircraft (pipeline of 210 firm aircraft).

 

Q3 (IFRS) – Group	31 Dec. 2019	31 Dec. 2020	Change
Customers	35.9m	8.1m	-78%
Load Factor	96%	70%	-26pts
Revenue	€1.91bn	€0.34bn	-82%
Op. Costs	€1.81bn	€0.67bn	-63%
PAT/(Net Loss)	€88m	(€306m)*	n/m

* excl. €15m except. hedge ineffectiveness charge.

 

COVID-19:

Covid-19 continues to wreak havoc across the industry.  Christmas & New Year traffic was severely impacted by UK travel bans imposed at short notice by many EU Govts on 19 & 20 Dec.  These flight bans, and travel restrictions, saw the Group’s Dec. traffic fall by 83% to just 1.9m passengers.  As announced on 7 Jan., Ryanair expects the latest lockdowns and pre-arrival Covid test requirement to materially reduce flight schedules and traffic through to Easter.  The Group’s full-year (FY21) traffic forecast was therefore reduced to “between 26m to 30m” passengers.

 

The Covid pandemic has caused the closure of EU airlines including Flybe, Germanwings, Level and Montenegro Airlines.  Norwegian has already entered a creditor protection examinership and Eurocontrol predicts more EU airline failures in 2021.  Significant capacity reductions have been implemented by many EU airlines and a flood of unlawful State Aid has been committed by EU Govts to their flag carriers including Alitalia, Air France/KLM, LOT, Lufthansa, SAS, TAP and others.  This illegal State Aid distorts competition and the level playing field across EU aviation.  We expect intra-European capacity to be significantly reduced for the next few years, which will create growth opportunities for Ryanair (Europe’s lowest cost airline) to take advantage of recovery growth incentives, as it takes delivery of 210 new (lower cost) Boeing 737s.  As soon as the Covid-19 virus recedes – and it will over the coming months as EU Govts accelerate vaccine rollouts – Ryanair and its partner airports will rapidly restore schedules, recover lost traffic, help the nations of Europe to reboot their tourism industry, and create jobs for young people across the cities and beaches of the EU.  We take some comfort from the success of the UK vaccine programme which is on target to vaccinate almost 50% of the UK population (30m) by the end of March.  The EU now needs to step up the slow pace of its rollout programme to match the UK’s performance.

 

Q3 BUSINESS REVIEW:

 

Revenue & Costs

Q3 revenue fell by 82% to €0.34bn as traffic shrank by 78% to 8.1m.  Ancillary revenue delivered a solid performance as more guests chose priority boarding and reserved seating. Q3 cost performance was strong, falling 63% thanks to the measures implemented over the past nine months.  Due to ongoing travel restrictions, reduced Q4 traffic and a revised aircraft delivery schedule, the Group recorded a €15m exceptional ineffectiveness charge on fuel and currency hedges in Q3.

 

The Group airlines continue to implement cost reductions.  In Dec., Ryanair increased its firm order for the B737-8200 “Gamechanger” aircraft by 75 to 210 aircraft.  These environmentally friendly aircraft have 4% more seats, but burn 16% less fuel and lower noise emissions by 40%. This winter, Group airlines are returning 14 older B737 aircraft to lessors as leases mature and Ryanair has recently concluded the delivery of 7 older B737NGs (pre-sold in 2019) for cargo conversion.  Our Route Development teams are working with multiple airport partners on recovery/growth incentives.  During Q3 the Group announced a 2 aircraft base in Paris Beauvais, added a fourth aircraft to its Naples base for S.21, announced a 4 aircraft base in Venice Treviso and increased its route network/frequencies to Venice Marco Polo, Verona and Bari.  The Group also confirmed the reopening of its Shannon (Ireland) base for S.21.

 

Recently, Ryanair concluded a 4-year extension of its low-cost growth deal in Stansted to 2028, extending the Groups low cost leadership in the key London market. The Group has also secured easyJet’s 7 based aircraft slot portfolio in Stansted. To facilitate a ramp-up of S.21 operations, Ryanair is accelerating cabin crew training which will increase staff costs in Q4.  This investment, however, will ensure that Group airlines are well placed to take up traffic recovery opportunities that arise throughout S.21 and beyond.

 

Balance Sheet & Liquidity

Ryanair’s balance sheet remains one of the strongest in the industry with a BBB credit rating (S&P and Fitch) and €3.5bn cash at 31 Dec. Approx. 80% of the Group’s owned fleet is unencumbered (with a book value of over €7bn). Since Mar. 2020, the Group has lowered cash burn by cutting costs, participating in EU Govt payroll support schemes, cancelling share buybacks and deferring non-essential capex.  Following its successful fund raising (€400m share placing & €850m eurobond) in Sept., the Group is well financed as it takes delivery of its first B737-8200 aircraft in Q4 and plans to repay over €1.5bn maturing debt in the next 6-months (incl. CCFF £600m in Mar. & €850m bond in Jun. 2021).

 

THE ENVIRONMENT:

Ryanair recently received a (first time) B- climate protection rating from CDP, making it one of the highest rated airlines in the world.  While this is a strong inaugural rating, highlighting Ryanair’s excellent environmental performance and very strong governance, the Group is committed to improving this score.  The new B737-8200s with 4% more seats, 16% lower fuel burn and 40% lower noise emissions will help Ryanair to lower its CO₂ and noise footprint and deliver on its target of being carbon neutral by 2050.  Ryanair airlines remain committed to eliminating non-recyclable plastic from our operations within 5-years and already over 80% of consumables onboard our flights are plastic free.

 

BREXIT:

Following the UK/EU Brexit trade agreement in late Dec., Ryanair implemented the measures necessary to remain majority EU owned and controlled to protect its EU airline licences. Ryanair has (as previously advised) restricted voting rights of non-EU shareholders from 1 Jan. The Group also received shareholder approval at its Dec. EGM to replace CREST with a system operated by Euroclear Bank for the electronic settlement of trading in Ryanair’s ordinary shares.  The migration of Ryanair’s ordinary shares to Euroclear will take place as part of a wider market migration of listed Irish companies shares at a date determined by Euronext Dublin – currently expected to be on or around 15 Mar. 2021.

 

BOEING MAX UPDATE:

In Dec., shortly after the FAAs ungrounding of the Boeing MAX aircraft in the U.S., Ryanair ordered a further 75x B737-8200 aircraft from Boeing increasing its firm order to 210 units.  Following EASAs recent certification of the MAX-8 to return to flying in Europe, we are hopeful that the B737-8200 will be certified in the coming weeks.  This will enable the Group to take delivery of up to 24 new aircraft before peak S.21. This order will deliver over a 4 year period between Spring 2021 and Dec. 2024 (FY25), facilitating traffic growth to 200m p.a. by FY26.  The B737-8200 aircraft is a “Gamechanger” for Ryanair’s customers and Europe’s consumers.  This aircraft, when delivered, will be the most audited, most regulated in aviation history.  With an exceptional environmental performance, this 197 seat Boeing aircraft is the perfect sized platform to allow Ryanair expand and grow its low fare services across Europe over the next decade while widening Ryanair’s unit cost leadership over all of our European airline competitors.

 

OUTLOOK:

FY21 will continue to be the most challenging year in Ryanair’s 35 year history.  Recently announced Covid lockdowns and travel restrictions across the EU & UK will reduce forecast FY21 traffic to between 26m and 30m (previously “up to 35m”), with more risk towards the lower end of the range.  While Q4 visibility remains limited due to uncertain and constantly changing Covid-19 travel restrictions, European Govt lockdowns, the timing of the rollout of vaccines across the EU and a very close-in booking curve, we are cautiously guiding an FY21 net loss (pre-exceptional items) of between €850m and €950m.

 

As we look beyond the Covid-19 crisis, and vaccinations roll out, the Ryanair Group expects to have a much lower cost base and a strong balance sheet, which will enable it to fund lower fares and add lower cost aircraft to capitalise on the many growth opportunities that will be available in all markets across Europe, especially where competitor airlines have substantially cut capacity or failed. We will work assiduously with our airport and Govt partners to restore routes and recover traffic for the benefit of our airports, our customers and our people as we try to prioritise the jobs and salary recovery of our people.

«Réservez Maintenant Et Modifiez Votre Réservation Si Vos Plans Changent»

Ryanair, première compagnie aérienne d’Europe, a annoncé aujourd’hui (26 janvier) qu’elle étendait la suppression de ses frais de changement de vol pour tous les clients qui réservent avant le 31 mars 2021. Elle autorise également jusqu’à deux changements de date de réservation jusqu’au 31 octobre 2021. Dans un contexte de restrictions Covid changeant fréquemment, Ryanair offre une plus grande tranquillité d’esprit à ses clients dans leurs réservations pour les vacances de Pâques et d’été 2021. Ryanair estime que les voyages aériens rouvriront après le déploiement réussi des vaccins Covid au Royaume-Uni, au Danemark et dans de nombreux autres pays de l’UE.

Un porte-parole de Ryanair a déclaré:

« Si vos plans changent, votre réservation le peut également. Pour offrir flexibilité et confiance aux clients de Ryanair, nous avons prolongé la suppression de nos frais de modification de vol pour toutes les réservations effectuées en janvier, février et mars.

Conscient du fait que les restrictions Covid changent régulièrement, Ryanair permet désormais d’effectuer gratuitement sur ces réservations deux changements de date de vol, jusqu’au 31 octobre 2021. Les clients peuvent désormais réserver des vols pour voir leurs proches à Pâques ou encore se programmer des vacances bien méritées pour l’été 2021, le tout avec la confiance de savoir qu’ils pourront si besoin modifier gratuitement leurs dates de voyage jusqu’à fin octobre 2021 ».

“Buchen Sie Jetzt Und Wenn Sich Ihre Pläne Ändern, Kann Auch Ihre Buchung Geändert Werden”

Ryanair, Europas Fluggesellschaft Nr. 1, hat heute (26. Januar) bekannt gegeben, dass sie die Streichung der Umbuchungsgebühr für alle Kunden, die vor dem 31. März 2021 buchen, verlängert. Außerdem sind bis zu zwei Buchungsänderungen möglich, um die Reise auf ein anderes Datum bis zum 31. Oktober zu verschieben. Angesichts der sich ständig ändernden Covid-Beschränkungen gibt Ryanair ihren Kunden mehr Flexibilität bei der Buchung ihres Urlaubs zu Ostern und im Sommer 2021, wenn nach Auffassung von Ryanair der Flugverkehr nach dem erfolgreichen „Roll-Out“ des Covid-Impfstoffs in Großbritannien, Dänemark und vielen anderen EU-Staaten wieder zunehmen kann.

Ein Ryanair-Sprecher sagte:

“Wenn sich Ihre Pläne ändern, kann sich auch Ihre Buchung ändern. Um Ryanair-Kunden so viel Flexibilität und Vertrauen wie möglich zu bieten, haben wir unsere Streichung der Umbuchungsgebühr für alle Buchungen im Januar, Februar und März verlängert.

In Anbetracht der Tatsache, dass sich die Covid-Beschränkungen regelmäßig ändern, erlaubt Ryanair für alle diese Buchungen nun bis zu zwei kostenlose Änderungen des Fluges auf ein Datum bis zum 31. Oktober 2021. Kunden können jetzt Flüge buchen, um ihre Familie und Freunde zu Ostern zu besuchen oder können einen wohlverdienten Urlaub für den Sommer 2021 buchen, mit der Gewissheit, dass sie, falls sie ihre Reisedaten verschieben oder ändern müssen, dies bis Ende Oktober 2021 mit einer Umbuchungsgebühr von null Euro tun können.“