23 ROUTEs (13 NEW), 1.4m customers & 33% GROWTH
Ryanair, Europe’s No.1 airline, today (27 Sept) celebrated the opening of its new Toulouse base (its 3rd in France) and the launch of its new summer 2020 schedule, with 2 based aircraft and 23 routes (13 new), connecting Toulouse to Athens, Brest, Budapest, Dublin, Lille, Luxembourg, Marseille, Oujda, Palermo, Palma, Porto, Tangier and Valencia, which will deliver 1.4m customers p.a. at Toulouse.
Ryanair’s new Toulouse base will deliver:
- 2 based aircraft
- 23 routes in total
- 13 new routes to/from Athens (2), Brest (3), Budapest (2), Dublin (daily), Lille (daily), Luxembourg
(3), Marseille (5), Oujda (2), Palermo (2), Palma (2), Porto (3), Tangier (2) &
Valencia (2)
- More frequencies on 2 other routes to/from Fez (3) & Seville (4)
- 4 million customers p.a. (+33%)
- 1,000* “on-site” jobs p.a.
Toulouse consumers and visitors can now book their holidays for summer 2020 enjoying the lowest fares and Ryanair’s industry leading on-time performance and customer care improvements.
To celebrate the launch of its new base, Ryanair has launched a seat sale with fares on its new Toulouse routes available from just €9.99, for travel until November, which must be booked by midnight Sunday (29 Sept) on the Ryanair.com website.
In Toulouse, Ryanair’s Michael O’Leary said:
“We are pleased to open our third French base in Toulouse, with 2 based aircraft and 23 routes, delivering 1.4m customers p.a., supporting over 1,000* airport jobs.
We are also pleased to announce our biggest ever Toulouse S2020 schedule, with 23 routes, including 13 new routes to and from exciting cities such as Athens, Dublin, and Tangier. To celebrate we are releasing seats for sale on these new routes from €9.99 for travel until November, available for booking until midnight on Sunday (29 Sept) Since these amazing low fares will be snapped up quickly, customers should log onto www.ryanair.com to avoid missing out.”
Philippe Crébassa, Chairman of the Board of Toulouse-Blagnac Airport, said:
“After arriving in 2016, Ryanair strengthens its local presence with the opening of an operational base at our airport. Ryanair’s presence will generate local jobs and offer 13 additional destinations to France and Europe this autumn to our passengers. Our region is thereby even more connected internationally and will welcome new customers in the coming weeks from Luxembourg, Budapest or Tangiers.”
Ambitious targets as Europe’s greenest airline
€2.5m raised to date for environmental partners
Ryanair, Europe’s greenest/cleanest airline, today (19 Sept) announced its newly updated Environmental Policy for Full Year 2020, detailing extensive progress since it first launched in 2017, and reaffirming its ongoing commitment to ambitious future environmental targets.
Ryanair’s 2020 Environmental Policy includes achievements to date across all aspects of its business, as well as updated targets and calls to action for the broader industry and EU member states.
Carbon Efficiency: Ryanair has updated its carbon efficiency target, aiming to cut CO2 emissions by 10% from 66g per passenger/km to 60g by 2030. Ryanair has also become the first airline to report monthly CO2 emissions, reporting figures that are consistently lower than its competitors.
Environmental Taxes: More than €630m will be paid by Ryanair in environmental taxes in FY20 – taxes that deliver no environmental benefits and favour high-fare inefficient airlines over low-fare efficient ones – while disproportionately impacting travel affordably and regional economies. Ryanair now calls on member states to reform the European skies and tackle Air Traffic Control (ATC) monopolies – which would reduce CO2 emissions by 10%.
Operational Improvements: Ryanair will invest $20bn in a fleet of 210 new Boeing 737 aircraft, which will carry 4% more passengers but reduce fuel burn by 16% and cut noise emissions by 40%. Additionally, Ryanair has reiterated its commitment to eliminating non-recyclable plastics from its operations within five years – 82% of all onboard consumables have already cut out plastic.
Environmental Partners: Since Ryanair began its voluntary carbon offset scheme, €2.5m has been raised to date through customer donations. More than 2% of our passengers have donated to date, supporting various projects for our environmental partners: First Climate (Uganda), Renature Monchique, Native Woodland Trust, and Irish Whale and Dolphin group.
New Advertising Campaign – Lowest Fares, Lowest Emissions: Ryanair has this year launched its first ever environmental-focused advertising campaign, in order to build awareness with its customer base, and highlight the benefits of flying with Europe’s greenest/cleanest airline. (see attached ad)
New Website: Also launched this year, Ryanair’s new environment-focused website (https://corporate.ryanair.com/environment/) is the most comprehensive and detailed in the industry. From this website you can download Ryanair’s full Environmental Policy, and access the latest news on our monthly emissions and environmental partnerships.
Ryanair’s Kenny Jacobs said:
“As Europe’s greenest/cleanest airline, we are proud of what we have achieved to date – and are pleased to launch our newly updated, improved, and expanded Environmental Policy detailing our improvements and future targets.
This comprehensive document details our accomplishments to date – including becoming the first airline to announce monthly CO2 emissions; significant operational improvements to reduce emissions and non-recyclable waste; an integrated communications campaign to raise awareness among our customer base; and reaching €2.5m in donations on our hugely successful carbon offsetting scheme, with funds raised going to worthwhile climate projects.
Operating the youngest fleet in Europe, high load factors and efficient fuel burn, has enabled us to continuously lower our CO2 emissions to become the greenest airline in Europe. With this new Environmental Policy, we have set ourselves even more ambitious targets on lowering emissions, as well as committing a $20bn investment in new fuel efficient aircraft – highlighting our commitment to maintaining and strengthening Ryanair’s position as leaders in addressing environmental issues and a changing climate.”
Ryanair, Europe’s No. 1 airline, today (24 Sep) launched a wonderous winter seat sale, with flights from €14.99 across its European network, allowing customers to grab a bargain getaway to the beach or to the slopes this winter.
This amazing seat sale is available for travel between October and May and can only be found on the Ryanair.com website, from now until midnight on Sunday, 29 September.
Ryanair’s Alejandra Ruiz said:
“This week we’ve set fares from €14.99 across our European network for travel between October and May, so there’s never been a better time to book a winter getaway whether you’re after sun or snow.
This amazing offer will end at midnight (24:00hrs) on Sunday, 29 September so customers should log on quickly and bag a bargain break today.”
Book Here: www.ryanair.com/ie/en/plan-trip/explore/flight-deals-and-sales
Ryanair today (5 Sept) released its August CO2 emissions statistics, which show an ave. of 67g CO2 per passenger/km.
| |
August 2019 |
| Total Kilometres |
18,935m km |
| Total Passengers |
14.9m |
| Total CO2 Emissions |
1,263 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.
We are pleased to announce that our CO2 per pax/km for August is 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.”
Ryanair Holdings plc today (29 July) reported a 21% fall in Q1 profits to €243m. A 6% decline in ave. fare was offset by strong ancillary revenues and 11% traffic growth to 42m guests. Costs rose 19% as our fuel bill increased 24% and Lauda costs were fully consolidated (but not in the prior year quarter).
| Q1 (IFRS) |
Jun. 2018 |
Jun. 2019 |
% Change |
| Guests |
37.6m |
41.9m |
+11% |
| Load Factor |
96% |
96% |
– |
| Revenue |
€2.08bn |
€2.31bn |
+11% |
| PAT |
€309m |
€243m |
-21% |
| Basic EPS (euro cent) |
26.62 |
21.47 |
-19% |
Ryanair’s Michael O’Leary said:
“As previously guided, Q1 profits fell 21% to €243m due to lower fares, higher fuel and staff costs.
Q1 highlights include:
- Revenue per guest flat at €55 (6% lower fares offset by 14% higher ancillary rev.)
- Traffic up 11% to 42m guests
- 239 new routes & 4 new bases (Bordeaux, Marseille, Southend & Berlin) launched
- Malta Air becomes the 4th Group airline
- Lauda Airbus fleet grows to 20 A320s
- MAX deliveries are further delayed to end of year
- Ryanair becomes first EU airline to publish monthly CO₂ emissions (66g per pax/km)
- €700m share buyback commenced in May
Revenue
Revenues rose 11% to €2.3bn. A 6% decline in average fare to €36 stimulated 11% traffic growth to 42m guests. The two weakest markets were Germany, where Lufthansa was allowed to buy Air Berlin and is selling this excess capacity at below cost prices, and the UK where Brexit concerns weigh negatively on consumer confidence and spending. Ancillaries, driven by strong priority boarding and preferred seats sales, grew 27% to €0.8bn. As a result, revenue per passenger (“RPP”) was broadly flat at €55. Ryanair Labs continues to develop services to improve customer experience and later this year will roll-out a new digital platform with improved, personalised, guest offers.
Cost Leadership
Ryanair has the lowest unit costs of any EU airline. As expected, our Q1 fuel bill increased 24% (up €150m) due to higher prices & volume growth. Unit costs ex. fuel rose by 4%, mainly due to the consolidation of Lauda (not in the prior year Q1 comp.), the handback of expensive leases to Lufthansa, replacing them with 20 lower cost A320 operating leases, and a 21% increase in staff costs. We continue to negotiate attractive growth deals as airports compete to attract Ryanair’s reliable traffic growth. Our FY20 fuel bill is 90% hedged at $709 per tonne and 37% hedged for FY21 at $632.
On-Time Performance (“OTP”)
Our investment in operational efficiency, including more spares, additional engineers and new improved handling contracts in Stansted, Spain & Poland has seen our OTP improve more than 7% points in Q1 to over 90% (excl. ATC). In June 2018 we cancelled over 1,100 flights due to ATC strikes but this was reduced to just 20 cancellations in June 2019, all of which were due to ATC staff shortage delays. Regrettably, ATC staffing delays continue to damage the punctuality of all EU airlines, particularly at weekends. We are working hard to ensure our guests enjoy on-time flights and we continue to campaign with our partners in A4E to encourage the European Commission to take action to minimise the impact of ATC staff shortages and strikes on overflights.
Boeing 737 MAX
The delivery of our first 5 B737-MAX aircraft has been delayed from Q1 to probably January at the earliest (subject to EASA approval). We now expect to receive only 30 MAX deliveries in time for S.20 (previously 58) which will cut Ryanair’s S.20 growth rate from 7% to 3% (162m to approx. 157m guests in FY21). We have great confidence that these “gamechanger” aircraft (which have 4% more seats, but burn 16% less fuel and have 40% lower noise emissions) will transform our costs and our business. Due to these delivery delays, we will not now see these cost savings delivered until FY21.
Balance Sheet
Our balance sheet is one of the strongest in the industry with over 60% of our fleet debt free. In May the Board approved a €700m share buyback programme and in Q1 we returned almost €100m to shareholders. Following the adoption of the new lease accounting standard (IFRS16) future operating lease obligations are now included on our balance sheet for the first time (adding over €220m to debt at June 30). Despite the share buyback and the impact of IFRS16, net debt was broadly flat at quarter end at €419m.
Group Airlines
In June, Malta Air became the 4th airline in the Ryanair Group. This start-up will grow our Maltese operation from 6 to 10 based aircraft over the next 3 years. It will also operate all our French, German and Italian bases. This summer, Lauda is operating 20 lower cost A320s. These aircraft, coupled with other cost efficiencies and improving ancillary revenues will significantly lower Lauda losses in Year 2, despite lower fares due to excess capacity in the German and Austrian markets. Buzz, in Poland, will operate 7 charter and 17 scheduled aircraft this summer and continues to grow profitability in its second year of operations. We expect high fuel prices and overcapacity in European short-haul to lead to further airline failures this winter creating more growth opportunities for Ryanair’s 4 airlines.
EU’s Cleanest, Greenest Airline
In June Ryanair became the first EU airline to report monthly CO₂ emissions. With the highest load factor, and one of the youngest fleets, Ryanair delivers the lowest CO₂ per passenger/km of any major EU airline. Our CO₂ emissions have been cut by 20% over the last decade and we are committed to reducing this by a further 10% to under 60 grams per passenger/km by 2030. In May we launched our environmental partnerships, where we invest in carbon offset projects in Africa, Portugal and Ireland. Ryanair paid over €540m in environmental taxes in FY19 and expects to pay over €630m in FY20 (up 17%).
Board Succession
Following Stan McCarthy’s appointment as Deputy Chairman in April 2019, the Board has nominated Louise Phelan to take over as Senior Independent Director in Summer 2020 following the then retirement of current SID Kyran McLaughlin from the Board.
FY20 Guidance
We continue to guide broadly flat FY20 PAT in a range of €750m to €950m. The current weak fare environment has continued into Q2 and we expect H1 fares to be down approx. 6%. With almost zero H2 visibility, FY20 fare guidance is towards the lower end of our guided -2% to +1% range. However, the strong performance of ancillaries continues to support our RPP growth of +2% to +3% (previously +2% to +4%). We expect traffic to grow by 7% to over 152m, slightly less than the 153m previously guided due to the Boeing MAX delivery delays. Costs will increase as our fuel bill grows by €450m and, as previously guided, we expect ex-fuel unit costs will rise by just 2%. This guidance remains heavily dependent on close-in Q2 fares, H2 prices, the absence of security events, and no negative Brexit developments in H2.”
“This report by Transport & Environment is based on guesswork and not facts. Claims in this report that regional airports are “likely to be in receipt of state aid” is not research, it’s guesswork. The airports they refer to represent less than 6% of Ryanair’s 152m annual traffic.
Ryanair does not receive subsidies. We negotiate arms-length commercial agreements with our airports, which all fully comply with EU competition rules. Primary beneficiaries of Ryanair’s regional flights are passengers and regional tourism – not shareholders.
Ryanair actively supports regional airports and hundreds of thousands of jobs in regional economies. Without Ryanair’s services many of these airports would close down.
Ryanair is Europe’s greenest/cleanest major airline with the youngest fleet and highest load factors. Our CO2 per passenger/km is 66g, half the rate of other flag carrier European airlines. Ryanair is committed to reducing this by a further 10% to under 60g per pax/km by 2030.
Ryanair paid over €540m in environmental taxes in 2018 and will pay over €630m in 2019 (up 17%). This equates to €4.12 per passenger, which is 11% of Ryanair’s average air fare.
As part of Ryanair’s environmental commitment, we are investing over US$20 billion in a fleet of 210 new Boeing 737 aircraft, which will carry 4% more passengers but reduce fuel burn by 16% and cut noise emissions by 40%.”
Ryanair – No. 1 for traffic while No. 5 for emissions
(Eurocontrol 2019)
Ryanair, Europe’s No.1 airline, today (13 Dec) expanded its Ryanair Tickets service to include football tickets for Spanish La Liga and Ligue 1 in France.
In partnership with Coras, Ryanair Tickets offers the best theatre and tourist attractions across 19 European countries on the Ryanair.com website, for the lowest prices, and Ryanair customers can now purchase tickets for some of the biggest football matches, both directly via Ryanair Tickets (https://tickets.ryanair.com/) and through the Active Trip page, matching the date and destination of their booked trip.
Tickets are now available for La Liga games featuring, Atlético Madrid, Espanyol and Málaga, as well as Toulouse FC in France’s Ligue 1. More football and rugby matches will be available over the coming weeks and customers can purchase tickets for all events in 10 languages and 8 currencies (Euro, Sterling, Dirham, Dollar, Norwegian Krone, Krona, Danish Krone and Złoty) with more currencies and offers to follow.
Ryanair’s Director of Ancillary, Greg O’Gorman said:
“We’re pleased to partner with Coras to add more events to our Ryanair Tickets service, offering customers the opportunity to purchase tickets to some of the top European sporting events. Ryanair Tickets already offers tickets to leading Tourist attractions such as The Eiffel Tower, The Colosseum and London Eye, West End shows including Aladdin, Les Misérables, The Lion King and Wicked, and customers benefit from very competitive prices as an easy add-on within their “My Ryanair” account.”
Mark McLaughlin, CEO of Coras said:
“Travel plans increasingly start with the purchase of an event ticket, whether it be for a football match or for a favourite music artist. Ryanair Tickets offers customers a more convenient and personalised experience to purchase the best event tickets across Europe. Starting with La Liga and Ligue 1 tickets, Ryanair customers can now buy tickets to enjoy games at Europe’s most iconic stadiums, with more teams and sports to be added in 2019.”