Ryanair, Europe’s No.1 airline, has today (15 Nov) launched its highly anticipated Summer 2025 schedule with over 500,000 seats for Latvian citizens/visitors as the airline continues to deliver more choice at the lowest fares in Europe.

Ryanair’s Summer 2025 schedule is available to book now at ryanair.com.

Ryanair’s Head of Comms CEE & Baltics, Alicja Wójcik-Gołębiowska, said:

“Ryanair is pleased to announce the launch of our Summer 2025 schedule with over 500,000 seats available for Latvian citizens/visitors to enjoy, as we continue to deliver more choice, reliability, and the lowest fares in Europe. Ryanair’s exciting new Summer 2025 schedule is available to book now at ryanair.com.”

Ryanair, Europe’s No.1 airline, has today (15 Nov) launched its highly anticipated Summer 2025 schedule with over 1 million seats for Lithuanian citizens/visitors as the airline continues to deliver more choice at the lowest fares in Europe.

Ryanair’s Summer 2025 schedule is available to book now at ryanair.com.

Ryanair’s Head of Comms CEE & Baltics, Alicja Wójcik-Gołębiowska, said:

“Ryanair is pleased to announce the launch of our Summer 2025 schedule with over 1 million seats available for Lithuanian citizens/visitors to enjoy, as we continue to deliver more choice, reliability, and the lowest fares in Europe. Ryanair’s exciting new Summer 2025 schedule is available to book now at ryanair.com.”

Ryanair, Europe’s No.1 airline, has today (15 Nov) launched its highly anticipated Summer 2025 schedule with over 1.2 million seats for Czech citizens/visitors as the airline continues to deliver more choice at the lowest fares in Europe.

Ryanair’s Summer 2025 schedule is available to book now at ryanair.com.

Ryanair’s Head of Comms CEE & Baltics, Alicja Wójcik-Gołębiowska, said:

“Ryanair is pleased to announce the launch of our Summer 2025 schedule with 1.2 million seats available for Czech citizens/visitors to enjoy, as we continue to deliver more choice, reliability, and the lowest fares in Europe. Ryanair’s exciting new Summer 2025 schedule is available to book now at ryanair.com.”

AS CAA REPORT CONFIRMS NATS “FAILED” TO ROSTER AND TRAIN STAFF

Ryanair, the UK’s no.1 airline, today (14 Nov) called on new Transport Minister, Louise Haigh, to take urgent action to reform the UK’s hopeless ATC service, after the CAA today published its final report on NATS’ ATC system collapse on 28Aug 2024, which confirms:

1. Inadequate contingency measures: NATS claimed “there is operational contingency available to allow safe service to continue through the ability to input flight data manually”, yet the CAA now confirms there were 7 manually operated terminals available for data entry on the day of the ATC system collapse but NATS staff were “not trained to enter flight plans”.
   
2. NATS staff not rostered: NATS engineers not available on site due to “the bank holiday” and they took more than 1½ hours to arrive on-site.
   
3. NATS failed to take action: NATS took 4 hours to escalate the system failure to manufacturers, who were able to fix the issue in 30 mins. Why were NATS so slow to react?
   
4. NATS failed to notify stakeholders: despite the systems failing at 08:32, NATS did not notify Eurocontrol until 10:43 (over 2hrs later) leaving its customer airlines, passengers, and airports to find out about the NATS collapse from Sky News and BBC TV.  

While Ryanair welcomes the CAA’s findings and comments that NATS system collapse “caused considerable distress to over 700,000 aviation passengers and resulted in substantial costs to airlines and airports”, Ryanair rejects NATS’ claim that it has “acted to address a number of findings arising from its own internal investigation after the incident”. After NATS’ system collapse in Aug 2023, NATS CEO, Martin Rolfe falsely claimed it was a “1-in-15 million tech glitch”, yet 3 months later (on 9^th Dec) the Gatwick ATC system collapsed again, delaying hundreds of flights and thousands of passengers travelling to/from Gatwick. This was followed by repeated NATS staff shortages in Summer 2024 causing more avoidable disruptions to airlines and passengers throughout the UK.

Ryanair’s Michael O’Leary said:

“UK Transport Minister, Louise Haigh, must now take immediate action to fix NATS hopeless service, and reform UK ATC so that airlines and passengers can avoid further delays/disruptions at the hands of NATS. She should start by sacking NATS overpaid (£1.5m p.a.) and underperforming CEO, Martin Rolfe, and get someone competent to reform and run the UK’s ATC services.”

Ryanair Holdings plc (Mon, 4 Nov) released Oct 2024 traffic stats as follows:

REGRETS THAT AIRLINES HAD TO RESORT TO COURTS DUE TO EAMON RYAN’S FAILURE TO ACT

Ryanair today (Mon, 4 Nov) welcomed the High Court ruling which stays the Dublin Airport cap and prevents the IAA imposing slot restrictions for Summer 2025 until the EU Courts have ruled on the matter. Ryanair welcomes this sensible ruling as it believes that the Dublin Airport Cap is in breach of EU legislation on Freedom of Movement. Ryanair remains confident that EU law will triumph 2007 Fingal planning restriction and will allow airlines to grow traffic and tourism with the benefit of Dublin’s second runway.

Ryanair’s CEO Michael O’Leary said:

“It is deeply regrettable that the airlines had to take legal action to stay the idiotic cap at Dublin Airport solely because Transport Minister, Eamon Ryan, wouldn’t do his job and issue a letter to the IAA. The Dublin Airport cap is in breach of EU law and any competent Transport Minister (not to mention Tourism Minister, Catherine Martin) would have acted to scrap this outdated and damaging cap.

Today’s High Court ruling clears the way for this matter to be referred to the European Courts where Ryanair is confident that this absurd road traffic restriction from 2007 will be removed, which will enable airlines like Ryanair to continue to grow traffic, tourism, and jobs in Ireland, where two Green Ministers (Eamon Ryan and Catherine Martin) have failed to act for the last 5 years.

We hope the forthcoming Election will remove the deadhanded Green Party incompetence from Irish tourism and aviation so that Ryanair can return to growing at Dublin Airport instead of sending growth to Belfast, Italy and Poland.”

Ryanair Holdings plc today (4 Nov) reported a H1 after tax profit of €1.79bn, which is 18% lower than the prior-year H1 PAT of €2.18bn, as strong traffic growth (up 9%) to 115m customers was offset by lower air fares, which declined 7% in the second quarter.

H1 highlights include:

• Traffic grew 9% to a record 115m, despite repeated Boeing delays.
• Ave. fare fell 10% (-15% in Q1 & -7% in Q2).
• 170x B737 “Gamechangers” in 608 fleet at 30 Sept.
• 5 new bases & 200 new routes opened for S.24.
• “Approved OTA” partnerships now protect over 90% of OTA consumers.
• Fuel hedges extended: 85% of H2 FY25 covered at $79bbl & 75% of FY26 at $77bbl.
• €700m share buyback completed in Aug. & over 30% of €800m follow-on now done.
• €0.223 interim div. per share declared (payable in Feb. 2025).

H1 FY25 BUSINESS REVIEW

Ryanair Group CEO Michael O’Leary, said:

Revenue & Costs:

“Total H1 revenue rose 1% to €8.69bn.  Scheduled revenue fell 2% to €5.95bn.  The move of half Easter into PYQ4 and out of Q1, consumer spending pressure (driven by higher-for-longer interest rates and inflation reduction measures) and a drop in OTA bookings ahead of S.24 necessitated more price stimulation than originally expected (with Q1 fares down 15% & Q2 down 7%) as Ryanair maintained its ‘load active/yield passive’ pricing policy.  Many customers are switching to Ryanair for our lower air fares.  As a result, we are capturing record share gains across most markets.  Traffic, despite repeated Boeing delivery delays, grew 9% to 115m while ancillary revenues were resilient, rising 10% to €2.74bn.  Operating costs performed well, rising 8% (lagging behind 9% traffic growth) to €6.68bn, as fuel hedge savings offset higher staff and other costs due, in part, to Boeing delivery delays. While modest delay compensation was received in H1 (mainly maintenance credits) this does not offset the substantial impact of a 5m+ passenger shortfall in FY25 due to these delivery delays.

H2 FY25 fuel is 85% hedged at $79bbl, derisking the Group during the recent period of significant fuel price volatility.  FY26 hedge cover has also been increased to 75% at $77bbl, securing modest year-on-year price savings.

Balance Sheet, Liquidity & Shareholder Returns:

Ryanair’s balance sheet is one of the strongest in the industry with a BBB+ credit rating (both S&P and Fitch).  Gross cash was over €3.3bn and net cash was €0.6bn at 30 Sept., despite €0.9bn capex, €0.9bn share buybacks and a €0.2bn final dividend in H1.  Our owned B737 fleet (580 aircraft) is fully unencumbered, which widens Ryanair’s cost advantage over competitor airlines, many of whom are exposed long term to expensive finance and lease costs.

The Group restarted share buybacks in May, with €700m completed in Aug.  We expect the €800m follow-on programme to be completed by mid 2025.  When complete, Ryanair will have returned almost €9bn (incl. dividends) to shareholders since 2008, with approx. 36% of the issued share capital repurchased.  A final dividend of €0.178 per share was paid in Sept. and today the Board (in line with Ryanair’s dividend policy) has declared an interim dividend of €0.223 per share, to be paid in late Feb. 2025.

FLEET & GROWTH

Ryanair had 172x B737 Gamechangers in our fleet at 31 Oct.  We now expect our remaining 9 Q3 deliveries to slip into Q4 due to recent Boeing strikes.   While we continue to work with Boeing leadership to accelerate aircraft deliveries ahead of peak S.25, the risk of further delivery delays remains high.  We believe it is therefore sensible to moderate Ryanair’s FY26 traffic growth target to 210m passengers (previously 215m) to reflect these delivery delays, as we wish to avoid being over-scheduled, over-crewed and over costed as we were in S.24. 

During S.24 we operated our largest ever schedule, carrying a new record of 20.5m passengers in one calendar month (Aug.).  Our S.24 network included 5 new bases and over 200 new routes.  As we move into W.24 and plan for S.25, we’ll continue to reallocate capacity, and growth, to regions and airports who are investing in growth by cutting/scrapping aviation taxes (as Sweden, Hungary and various Italian regions have) or who are incentivising traffic growth.  To date, over 90% of S.25 capacity is on sale, incl. 165 new routes.

We expect European short-haul capacity to remain constrained for some years as many of Europe’s Airbus operators work through the Pratt & Whitney engine repairs, both major OEMs struggle with delivery backlogs, and airline consolidation continues, including Lufthansa’s takeover of ITA (Italy) and the impending sale of TAP (Portugal).  These capacity constraints, combined with our widening cost advantage, strong balance sheet, low-cost aircraft orders and industry leading operational resilience will, we believe, facilitate Ryanair’s low-fare profitable growth to 300m passengers over the next decade. 

ESG

Ryanair is Europe’s No. 1 rated ESG airline with industry leading ratings from Sustainalytics, MSCI (A) and CDP (A-). Our new aircraft, increasing use of winglets and SAF positions Ryanair as one of the EU’s most efficient major airlines.  We welcome SBTi’s (Science Based Targets initiative) recent validation of the Ryanair Groups environmental targets (to reduce CO2 per pax/km to c.50grams by 2031 – a 27% reduction), making us the first major airline with a target validated to the latest SBTi guidelines.  During H1 we took delivery of 24x B737-8200 “Gamechangers” (4% more seats, 16% less fuel & CO2) and this winter we’ll extend the retro-fit of winglets to our B737NG fleet (target 409 by 2026), reducing fuel burn by 1.5% and noise by 6%.  Next summer, Ryanair plans to migrate the last 25% of customers who don’t already check-in via the Ryanair App to paperless boarding.  Apart from removing 300 tonnes of paper annually, this initiative ensures that all customers have access to Day of Travel updates, live flight information, the convenience of Order to Seat for onboard purchases and the many other features contained in the Ryanair App (the ideal travel companion).

During 2024 European airlines suffered a summer of record ATC delays due to daily ATC staff shortages and repeated equipment failures, which caused repeated flight delays and cancellations (especially to the first wave morning departures).  We renew our call on the new EU Commission to urgently deliver long delayed reform of Europe’s hopelessly inefficient ATC service.  This can be achieved by properly staffing Europe’s ATC providers, especially for the morning/first wave departures and protecting overflights (during national strikes) which would deliver dramatic punctuality and environmental benefits for EU air travel and our citizens.

EU Airline Ownership & Control:

In Sept. the Board confirmed that over 49% of Ryanair’s issued share capital is held by EU nationals and, based on current trends, they expect this figure to exceed 50% within the next 6-12 months.  In anticipation of this threshold being reached, the Board deemed it appropriate to review the potential variation of (1) the purchase prohibition on non-EU nationals acquiring Ryanair ordinary shares (in place since 2002) or (2) the voting restrictions (in effect since Jan. 2021, following Brexit) in a manner that best ensures compliance with EU Reg. 1008/2008.  As part of this review, an engagement process with shareholders and regulators is ongoing.  Current restrictions on share purchases and voting by non-EU nationals will remain in place during the review, and there can be no certainty as to the duration of this review or that any variation in approach will result from the review.

OUTLOOK

We continue to target between 198m and 200m passengers in FY25 (+8%), subject to no worsening of current Boeing delivery delays.  Unit costs performed well in H1 as the cost gap between Ryanair and EU competitor airlines continues to widen.  We expect full-year unit costs to be broadly flat, as our fuel hedge savings, strong interest income and some modest aircraft delay compensation will largely offset ex-fuel cost inflation (particularly crew pay & productivity increases, higher handling & ATC fees and the cost inefficiency of repeated B737 delivery delays).  Forward bookings suggest that Q3 demand is strong and the decline in pricing appears to be moderating.  We remain cautious on Q3’s ave. fare outlook, expecting them to be modestly lower than Q3 prior year (subject to close-in Christmas and New Year bookings).  As is normal at this time of year, we have almost zero Q4 visibility, although this quarter will not benefit from last year’s early Easter, which will make the prior year Q4 comps challenging.  It therefore remains too early to provide meaningful FY25 PAT guidance.  The final FY25 outcome will be subject to avoiding adverse developments during the remaining 5 months of FY25, especially given the risk of  conflicts in Ukraine and the Middle East, repeated ATC short-staffing and capacity restrictions, and/or further Boeing delivery delays.” 

   

Ryanair Holdings plc, Europe’s largest airline group, is the parent company of Buzz, Lauda, Malta Air, Ryanair & Ryanair UK. Carrying c.200m guests p.a. on approx. 3,600 daily flights from 95 bases, the Group connects 234 airports in 37 countries on a fleet of over 600 aircraft, and almost 340 new Boeing 737s on order, which will enable the Ryanair Group to grow traffic to 300m p.a. by FY34. Ryanair has a team of over 27,000 highly skilled aviation professionals delivering Europe’s No.1 operational performance, and an industry leading 39-year safety record. Ryanair is one of the most efficient major EU airlines.  With a young fleet and high load factors, Ryanair targets 50grams of CO₂ per pax/km by 2031 (a 27% reduction).

Certain of the information included in this release is forward looking and is subject to important risks and uncertainties that could cause actual results to differ materially and that could impact the price of Ryanair’s securities.  It is not reasonably possible to itemise all of the many factors and specific events that could affect the outlook and results of an airline operating in the European economy and the price of its securities.  Among the factors that are subject to change and could significantly impact Ryanair’s expected results and the price of its securities are the airline pricing environment, fuel costs, competition from new and existing carriers, market prices for the replacement of aircraft, costs associated with environmental, safety and security measures, actions of the Irish, U.K., European Union (“EU”) and other governments and their respective regulatory agencies, post-Brexit uncertainties, any change in the restrictions on the ownership of Ryanair’s ordinary shares and the voting rights of its shareholders and ADR holders, including as a result of regulatory changes or the actions of Ryanair itself, weather related disruptions, ATC strikes and staffing related disruptions, delays in the delivery of contracted aircraft, fluctuations in currency exchange rates and interest rates, airport access and charges, labour relations, the economic environment of the airline industry, the general economic environment in Ireland, the U.K. and Continental Europe, the general willingness of passengers to travel and other economics, social and political factors, global pandemics such as Covid-19 and unforeseen security events.