Ryanair, Europe’s No.1 airline, today (25 Nov) launched a massive Summer sale, with €30 off return flights from April-September 2020 on its European network.

This amazing seat sale marks day 2 of Ryanair’s ‘Cyber Week’ sale, offering customers 10 consecutive days of fantastic sales on the Ryanair.com website.

These amazing Summer sale seats must be booked by midnight tonight (23:59hrs Monday). Customers should keep an eye on Ryanair.com for the latest daily offers – where the lowest fares in Europe are about to get even lower.

Ryanair’s Alejandra Ruiz said:

“The temperature has dropped and so have our fares as we launch day 2 of our exciting ‘Cyber Week’ seat sale. We have 10 days of amazing deals on the Ryanair.com website, offering customers the lowest fares in Europe, with even bigger savings.

Today we have €30 off return flights for travel from April to September 2020, which are only available until midnight tonight. Customers should log on to Ryanair.com to bag a bargain break today – and look forward to flying with the greenest/cleanest major airline in Europe, with the lowest CO₂ emissions.”  

Erasmus Students Saved Over €10m So Far With Ryanair

Ryanair, Europe’s No.1 airline, today (20 Nov) celebrated over 300,000 bookings by Erasmus Student Network members on its exclusive platform, at its latest student mobility event in Bucharest.

Delivered as part of Ryanair’s “Always Getting Better” programme, this partnership offers Erasmus students a dedicated ESN booking platform where they can avail of 15% flight discounts on the Ryanair.com website, and a free checked-in bag with every flight booked, saving ESN members an average of €34 per flight.

Over 300,000 ESN members have signed up, saving over €10m on their travel costs. The third year of the exclusive partnership is now live on the Ryanair.com website, where students from over 500 Universities across almost 50 countries can avail of these exclusive travel discounts with Ryanair.

In Bucharest, Ryanair’s International Communications Deputy Manager Denis Barabas, said:

“Ryanair and ESN have done more than any other organisations to promote European student mobility over the past three decades. We are pleased to launch the third year of our exclusive partnership with the Erasmus Student Network and to have reached over 300,000 bookings on our Erasmus Student Network dedicated platform, which offers university students across Europe a range of exclusive flight offers, free bags and tailored discounts to suit their budget. Students have saved over €10m with Ryanair since the beginning of the ESN partnership in 2017, and we hope many more ESN students will avail of these fantastic discounts over the coming months and years.

What’s more, environmentally aware students can look forward to flying with Europe’s greenest/cleanest airline, as we deliver the lowest CO2 pax/km of all major EU airlines, with only 66g.

Any Erasmus student with a valid ESN card can sign up via the “MyRyanair” registration service and save even more while they travel on Europe’s biggest airline with the widest route network and the lowest fares.”

 

ESN UniBucharest president, Izabela Ungureanu, said:

 “This year, ESN is celebrating 30 years of activity, and we’re definitely proud of the fact that we evolved from a group of just 32 volunteers to a large community that came to transcend EU borders. We‘re now over 13.000 active volunteers and 34.000 people in total, including those who are part of the BeBuddy program. We’re present in various cities located in each of ESN’s member countries, with the purpose of promoting the Erasmus+ program. In Romania, ESN can be found in all the large university centres. Our main focus is to facilitate Erasmus+ mobilities so that they become as accessible as possible for students, and we believe that we can make this happen through the partnerships that we create. With this in mind, we would like to thank Ryanair for supporting our vision, and we can’t wait to make it possible for an ever growing number of students to enjoy everything that Erasmus+, ESN an Ryanair has to offer!“

 

ESN ASE president, Denisa Murgea, said:

 

“Mobility is a lifestyle – represents one of the basic principles of our organisation and the one I resonate the most with. This collaboration between ESN and Ryanair is the best example in this regard and  by far one of the most fruitful and appreciated by students from all over the world, on all 3 levels in which our organization activates: local, national and international. The impact that this partnership had in the past and continues to have is demonstrated by statistics showing that the number of students who choose to go for a study or internship mobility has increased with a visible percentage in the last 3 years. We are in a continuous development and by 2025 we intend to go beyond the borders of Europe and to expand globally, promoting the Erasmus + program in all corners of the world. It is a challenge that we launch to all those who follow us, to start with us on this international journey.”

 

For more information visit https://www.ryanair.com/ie/en/plan-trip/explore/erasmus

Ryanair, Europe’s No.1 airline, today (20 Nov) in partnership with Pequeño Deseo Foundation in Madrid, granted the wish of 5-year-old Lucia, one of the 5,000 wishes granted to sick children since the Foundation started in 2000.

The Pequeño Deseo Foundation, who aim to fulfil the wishes of children with chronic diseases or poor prognosis, teamed up with Ryanair to organise a surprise trip to Disneyland Paris for Lucia and her family, where they met all their favourite Disney characters in person.

In addition, on Universal Children’s Day, Ryanair and the Pequeño Deseo Foundation have joined forces to raise funds that will continue to fulfil thousands of wishes. Today, through the website and social media platforms of both organizations, users can make a donation and with a small gesture help create enormous smiles.

Ryanair selected Pequeño Deseo as its 2019 chosen European charity partner. Fundación Pequeño Deseo is a Spanish non-profit organisation that supports sick children by making their wishes come true. Through this partnership, Ryanair and its customers support key fundraising and awareness initiatives throughout the year across Spain and Europe.

 

Ryanair’s Alejandra Ruiz said:

“Ryanair is delighted to support the Pequeño Deseo Foundation, which does so much to help children with life-threatening conditions. This foundation is Ryanair’s chosen European charity partner for 2019 and we’re extremely proud to be able to help them grant wishes like Lucia’s. All of us here in Ryanair are looking forward to showcasing more of the great work that Pequeño Deseo do and continue fulfilling thousands of wishes together!”

 

Cristina Cuadrado of Pequeño Deseo Foundation said:

“At Fundación Pequeño Deseo we are very grateful for Ryanair’s continued commitment that allows us, together, to fulfil the wishes of many seriously ill children and help them feel stronger and more encouraged and eager to fight.”

Ryanair today (7 Nov) released its October CO₂ emissions statistics, which show an ave. of 67g CO₂ per passenger/km.

 

	October 2019
Total Kilometres	17,786m km
Total Passengers	13.8m
Total CO2 Emissions	1,200 kt
CO2 Per Pax/km	67g

 

Ryanair’s Kenny Jacobs said:

 “Ryanair is Europe’s greenest/cleanest major airline with the youngest fleet and highest load factors. Our CO₂ per passenger/km is the lowest in the industry, having been cut from 82g to 67g over the last decade while other high fare competitors currently generate over 120g per pax/km.

 The single most important thing any consumer can do to reduce their carbon footprint is switch to Ryanair. We are pleased to announce that our CO₂ per pax/km for October was 67g, half the rate of other flag carrier European airlines, and we are committed to reducing this by a further 10% to under 60g per pax/km by 2030.”

87% Of Customers Rate Ryanair ‘Excellent/Very Good’

Ryanair today (6 Nov) released its October customer service statistics, which show that:

 

• 93% of October flights arrived on-time (up from 90% October 2018) excl. ATC delays
• ATC staff shortages delayed 11,346 Ryanair flights in October (15%)

 

Ryanair also released its October ‘Rate My Flight’ customer experience scores, which show 87% of over 168,000 respondents rated their flight ‘Excellent/Very Good /Good’, with high ratings for crew friendliness (92%), onboard service (91%), range of food & drink (85%), and boarding (83%).

 

October – Rate My Flight	Excellent/Very Good/Good
Customer Experience	87%
Crew Friendliness	92%
Onboard Service	91%
Food & Drink Range	85%
Boarding	83%

 

Ryanair’s Kenny Jacobs said:

 

“Ryanair carried close to 14m customers in October with over 93% of our 76,000 flights arriving on-time excl. ATC delays. ATC staff shortages and disruptions are still having a significant impact, delaying 15% of flights – with Germany, France and Spain as the worst ATC providers last month. Despite this, our punctuality is up both month-on-month and year-on-year.

We’re very pleased that 87% of customers surveyed (over 168,000) rated their Ryanair flight in October as ‘Excellent/Very Good /Good’ using Ryanair’s Rate My Flight feature, which allows all customers to provide real-time reviews of their flights via the Ryanair app and email. We welcome this feedback, which encourages us to continuously improve our customer service.”

Ryanair Holdings PLC today (5 Nov) released October group traffic statistics as follows:
 

	2018	2019       (LF)	Growth
Ryanair Group	13.1m	13.8m     (96%)	+5%
Ryanair	12.6m	13.2m     (96%)	+5%
Lauda*	0.5m	0.6m     (92%)	+20%

*    Lauda 2018 traffic includes pre-consolidation traffic.

Rolling Annual

138.1m

151.0m    (92%)

+9%

Fy Pat Guidance Narrowed To New Range Of €800m – €900m.

 

Ryanair Holdings plc today (4 Nov.) reported an unchanged H1 net profit of €1.15bn and pointed to the following highlights.

• Traffic grew 11% to 86m guests.
• Revenue per guest rose 1% (5% lower fares; ancillary rev. up 16%)
• 90% of flights arrived on-time (excl. ATC delays)
• 5 new bases opened (Bordeaux, Marseille, Toulouse, Southend & Berlin)
• Georgia & Armenia become the 39^th & 40^th countries in Ryanair’s network
• New Environmental Policy launched
• €250m returned to shareholders under €700m buyback programme.

 

H1 (IFRS) – Group	Sep. 30 2018	Sep. 30 2019	Change
Guests	76.6m	85.7m	+11%
Load Factor	96%	96%	–
Revenue	€4.84bn	€5.39bn	+11%
PAT	€1.15bn	€1.15bn	–
Basic EPS	€0.9974	€1.0247	+3%

 

EUROPE’S GREENEST, CLEANEST AIRLINE:

The welfare of our planet is of vital importance to our customers and our people. Ryanair has the lowest carbon emissions of any major EU airline at just 66 grams of CO₂ per passenger km. Passengers switching to Ryanair can halve their CO₂ emissions compared to some other major EU carriers. Ryanair operates the youngest fleet, the highest load factors, and newest most fuel-efficient engines. Ryanair will, over the next decade, cut carbon emissions by 10% and noise emissions by 40%.

 

Ryanair launched its new Environmental Policy at its Sept. AGM, committing to;

• Be plastic free in 5 years;
• Cut noise emissions by up to 40% per seat;
• Cut CO₂ emissions by a further 10% by 2030 (up to 50% less than other major EU airlines);
• Encourage guests to use our voluntary carbon offset programme;
• Work with environmental partners to improve our environment in Europe.

 

While aviation is responsible for just 2% of Europe’s carbon, our industry must work to further cut this very low level of emissions. EU airlines already pay substantial environmental taxes – Ryanair will pay over €630m in such taxes this year. For further info. click here: www.ryanair.com/environment.

 

 

BUSINESS REVIEW:

Revenues

Revenue grew 11% to €5.39bn.  Scheduled Sales rose 5% to €3.74bn as we carried 86m guests at 5% lower air fares due to the weak consumer demand in the UK and overcapacity in Germany and Austria. Ancillary Revenue jumped 28% to €1.65bn as more guests chose Priority Boarding and Preferred Seat services. In Oct., Ryanair Labs launched a new digital platform with improved, personalised, guest offers.

 

Costs

Our fuel bill rose 22% (+€289m) to €1.59bn due to higher prices and 11% traffic growth. Ex-fuel unit costs rose 2%, primarily due to higher staff costs, increased pilot pay and higher than expected crew ratios (as pilot resignations slowed to almost zero), higher maintenance (as older aircraft remain in the fleet due to the Boeing MAX delivery delays), and the consolidation of Lauda costs. This was partially offset by improved punctuality and lower EU261 costs. Our fuel is 90% hedged for FY20 at a rate of $71bbl.  Currently 63% of our FY21 fuel is hedged at $61bbl. We continue to negotiate attractive growth deals as airports compete to win Ryanair’s traffic growth. Sadly, due to the MAX delivery delays, we will be forced to cut or close a number of loss making bases this winter leading to pilot and cabin crew job losses. We continue to work with our people and their unions to finalise this process.

 

Group Airlines

The Group airlines continue to develop strongly. Buzz flew 24 B737s in S.19 from its 6 Polish bases, and is developing growth opportunities in other Central EU countries. 7 aircraft are dedicated to charter operations with the remaining 17 operating scheduled flying for Ryanair.

 

Lauda’s pricing environment remains difficult in its key Austrian and German markets and Lauda’s revenue per guest remains behind target. They are working hard to grow ancillary services, lower costs and increase efficiencies. This summer Lauda operated 80 routes across its 4 bases.  With A320 aircraft and pilots recently released from the failure of Thomas Cook and Adria Airways, Lauda plans to grow from a fleet of 23 A320s in S.19 to 38 for S.20. While still loss making in FY20, we expect this very strong traffic growth, cost reduction and improved ancillary spend will push it towards breakeven in FY21.

 

Malta Air became the 4^th airline in the Ryanair Group in June. Over the next 3 years Malta Air will grow our Maltese base from 6 to 10 based aircraft. It will also, over the coming year, operate most of the Group’s French, German and Italian bases.

 

During H1 Ryanair DAC opened 5 new bases (Bordeaux, Marseille, Toulouse, Southend & Berlin) and launched 241 new routes, including new country markets in Ukraine, Turkey and Lebanon. Ryanair will operate to Georgia and Armenia in S.20. Eddie Wilson was appointed CEO of Ryanair DAC in Sept., reporting directly to the Group CEO.

 

Boeing MAX update

Delivery of the Group’s first B737-MAX-200 aircraft has been repeatedly delayed from Q2 2019. We now expect our first MAX aircraft to deliver in March/April 2020 at the earliest (subject to EASA approval).  The risk of further delay is rising. We expect to receive only 20 MAX-200s (previously 58) in time for S.20 which has cut our S.20 growth rate from 7% to 3% (162m to 157m guests in FY21). We remain confident that these “gamechanger” aircraft (which have 4% more seats, but burn 16% less fuel) when delivered will transform our cost base and our business for the next decade. Due to these delivery delays, we will not see any of these expected cost savings delivered until FY21.

 

Balance Sheet & Shareholder Returns

Ryanair’s BBB+ rated balance sheet remains one of the strongest in the industry and 70% of our aircraft fleet is debt free. This allows us to grow while weaker airlines collapse, sell or retrench in the current, difficult, market conditions. We have, to date, returned over €250m to shareholders under our €700m 2019 share buyback programme. With €450m still unspent, we retain the flexibility to repurchase more shares from UK holders in any hard Brexit scenario. Despite the share buyback and the impact of IFRS16 (€227m), net debt was just €460m at period end.

 

Outlook

Our outlook for the remainder of the year remains cautious. We try to avoid the unreliable optimism of some competitors. Full year traffic will grow 8% to 153m but we expect a slightly better fare environment than last winter (although we have limited H2 visibility). This however remains sensitive to any market uncertainty such as a ‘no deal’ Brexit. We expect ancillary revenues will grow ahead of traffic growth, supporting full-year revenue per guest growth of 2% to 3%. The full year fuel bill will rise by €450m and ex-fuel unit costs will increase by 2%. While Lauda’s losses will be higher than originally expected, due to overcapacity in Austria and Germany, traffic will be higher as we take advantage of the availability of low cost A320 leases. We are therefore narrowing our full year guidance to a new range of €800m to €900m PAT.  This guidance is heavily dependent on close in H2 fares, Brexit and the absence of any security events.