Ryanair, Europe’s largest airline, has partnered with Citi to become the first European airline to deposit funds in its new Sustainable Deposit Solution, which launched earlier this year. This will enable Ryanair to invest excess cash to support different sustainable financing projects across Citi’s portfolio, such as renewable energy, water conservation, healthcare and education in emerging markets.

The initiative supports Ryanair’s sustainability agenda. Funds invested are allocated to finance or refinance assets in a portfolio of eligible green and/or social finance projects, based on the criteria set out in the Citi Green Bond Framework, Social Finance Framework and Social Bond for Affordable Housing Framework.

Ryanair’s Director of Sustainability, Thomas Fowler, said:

“Ryanair is proud to be leading sustainable aviation in Europe, which is further evidenced by our partnership with Citi to deposit funds in their new Sustainable Deposit Solution. This will not only help us manage our finances more sustainably but will further drive our sustainability agenda in whole as we support several sustainability projects across Citi’s portfolio, from water conservation to affordable housing and beyond.”

David Tsui, Global Sustainability (ESG) Head of Deposit and Investment Products at Citi, said:

“Citi is helping our clients to progress their own ESG priorities by providing the opportunity to support eligible environmental and social projects in Citi’s portfolios. We are delighted to partner with Ryanair as the first European airline to deposit funds in our recently launched Sustainable Deposit Solution.  We have committed to financing and facilitating $1 trillion in sustainable finance by 2030 as part of goal to further the acceleration to a sustainable, low carbon economy.”

Ryanair Holdings today (7 Nov.) reported a strong half-year after tax profit of €1.37bn, compared to a pre- Covid (FY20) H1 profit of €1.15bn, due to record Q2 traffic, strong operational reliability and robust summer fares which in Q2 were 14% up on pre-Covid pricing.

During H1:

• Summer traffic recovered strongly to 95.1m from 39.1m (+11% over pre-Covid 85.7m in FY20). 
• H1 fares up 7% on pre-Covid levels (Q2: +14%, offset by lower Q1 fares due to Ukraine invasion).
• 15 new bases and 770 new routes open in H1.
• 73 B737-8200 “Gamechangers” delivered for S.22 – 51 due for S.23 (124 total).
• FY23 fuel 81% hedged at $67bbl (FY24 now 50% hedged at $93bbl).
• Aircraft capex hedged at €/$ 1.24 until FY26.
• Net debt cut to €0.5bn at 30 Sep. (from €1.45bn at 31 Mar.).

Ryanair’s Michael O’Leary, said:

ENVIRONMENT:

“We continue to invest heavily in fuel efficient, environmentally friendly new aircraft technology.  Passengers who switch to Ryanair (from high-fare EU legacy airlines) can reduce their emissions by up to 50% per flight, proving that with Ryanair tourism growth can be delivered in a more sustainable manner.  During S.22 we operated 73 new B737 “Gamechanger” aircraft, which deliver 4% more seats per flight yet burn 16% less fuel and cut noise emissions by up to 40%. 

We continue to invest to accelerate the production of sustainable aviation fuel (SAF).  Our partnership with Trinity College’s Sustainable Aviation Research Centre is now in its second year and its activity has ramped up significantly.  Building on the recent success of our partnership with Neste to power up to one third of our Schiphol flights (AMS) with a 40% SAF blend, we signed a long-term deal with OMV in Sep. to purchase up to 160,000 tonnes of SAF at Ryanair airports across Austria, Germany and CEE.  Ryanair hopes to power 12.5% of flights using SAF and cut our CO₂ per pax/km by 10% to 60 grams by 2030.  As part of our carbon strategy, the Group recently concluded an agreement to retro-fit scimitar winglets on our 409 B737-800NG fleet (an investment valued at over $200m).  This retro-fit program commences in W.22 and will further reduce fuel burn by 1.5%. Through A4E, and the EU, we are campaigning to accelerate reform of European ATC to eliminate needless flight delays, which will substantially reduce fuel consumption and CO₂ emissions.    

In recognition of our progress to date and our industry leading (CDP ‘B’) climate rating, Sustainalytics[1] has ranked Ryanair the No.1 airline in Europe for ESG performance.  In June we submitted Ryanair’s commitment letter to SBTi[2] and we will work with them over the next 2 years to verify our ambitious targets to become net carbon zero by 2050.

SOCIAL:

Pay restoration:

At the outset of the Covid-19 pandemic, Ryanair and its union partners negotiated agreements to protect crew jobs via temporary pay cuts which were to be gradually restored from 2022 to 2025. These agreements successfully delivered job security through the 2 years of the Covid pandemic, as Ryanair maintained not only the jobs but also the licences of our crews.  This investment positioned Ryanair as the best prepared airline for the post-Covid traffic recovery.  By keeping our crews current, and recruiting early, Ryanair avoided the crew shortages which caused so many competitor cancellations and disruptions in Summer 2022. Since Spring 2022 we have worked with our union partners to negotiate accelerated pay restoration as part of long-term deals on pay and rosters which run until 2026 or 2027. Long-term agreements have, to date, been concluded to cover over 90% of our pilots and cabin crew. 

Under these long-term agreements, full pay restoration was brought forward by 24 months to Apr. 2023, subject to our business recovery.  However, following the Group’s strong H1 financial and operational performance, we will now bring forward the full restoration of pay for all crews covered by these long-term agreements to 1 Dec. 2022 (instead of Apr. 2023).  These crews will now receive their full pay restoration in the Christmas payroll. While considerable uncertainty hovers over the remainder of FY23, it has always been our priority to restore pay as soon as our business recovers. These long-term pay agreements with the vast majority of our people have now delivered fully restored pay 28 months earlier than previously agreed, and they will also deliver annual pay increases from 2024 until 2026 as we create thousands of new well-paid crew jobs and grow traffic to 225m p.a. by FY26.

We have written today to the tiny minority of unions representing the less than 10% of pilots and cabin crew who have so far failed to reach agreements on accelerated restoration, urging them to return to negotiations. We look forward to concluding early agreements with them on similar terms to the existing negotiated agreements which will then cover all of our people.

Training, Customer Panel & CSAT:

Ryanair recently took delivery of the first of 8 new CAE full flight simulators (value over $80m).  We will expand our state-of-the art training facilities over the next 3-years and are close to selecting suitable locations for 2 new training centres (a €100m investment) in CEE and the Iberian Peninsula.  Over recent months we’ve continued to invest in engineering and maintenance, and announced new hangar facilities in Malta, Kaunas (Lith.) and Shannon (Ire.).  These new facilities will enable us to create more cadets and apprenticeships for school leavers, bringing through the next generation of highly skilled aviation professionals.

Over 37,000 of our passengers recently applied to join our Customer Panel which has expanded to include reps from Austria, France, Germany, Ireland, Italy, Poland, Portugal, Spain and the UK.  The new Panel met in Dublin in Oct. and provided valuable insights and suggestions to help us to further improve Ryanair’s offers and customer care.  While CSAT scores were impacted by numerous ATC delays/strikes this summer and lengthy airport security queues (particularly in Q1), Ryanair’s operational resilience, reliability and friendly crew meant that we still recorded a very strong 83% rating across H1.

OP. PERFORMANCE & GROWTH:

Our Group airlines delivered an industry leading operations performance and robust post Covid traffic recovery in H1.  This summer we operated at 115% of our pre-Covid capacity, completed over 3,000 daily flights and delivered record traffic across peak S.22, despite unprecedented ATC disruptions and regrettable airport security delays (primarily in Q1).

We had 73 Gamechangers in our fleet for peak S.22.  Our growth is being hampered by Boeing’s inability to meet its delivery schedule in Q3, despite their previous assurances that Ryanair deliveries would be “prioritised”.  We expect Boeing will only deliver 10 or 12 of the contracted 21 Gamechangers due before Christmas.  Boeing assure us that they will deliver all scheduled 51 Gamechangers ahead of peak S.23, although there is a risk that some of these deliveries could slip.  We are planning FY24 growth based on 51 extra aircraft for peak S.23 and we continue to recruit and train substantial numbers of pilots, cabin crew and engineers.  During H1, Ryanair announced 100 new routes for W.22 and most of our S.23 capacity is now on sale on www.ryanair.com. Our Routes teams continue to lock-in long term traffic recovery growth deals with airport partners across Europe which will reinforce Ryanair’s market share growth and cost leadership in Europe.

Over the past 3 years, numerous airlines went bankrupt and many legacy carriers (incl. Alitalia, TAP, SAS and LOT) significantly cut their fleets and passenger capacity, even while ‘doping’ on multi-billion-euro State Aid packages.  These structural capacity reductions have created enormous growth opportunities for Ryanair to deploy our new, fuel efficient, B737 Gamechangers and as a result our market shares have surged across major EU markets.  Our reliability, lowest (ex-fuel) unit costs, very strong fuel and US$ hedges, fleet ownership and strong balance sheet ensures that the Group is well placed to grow profitability and traffic to 225m p.a. by FY26.     

H1 FY23 BUSINESS REVIEW:

Revenue & Costs:

H1 scheduled revenues increased almost 250% to €4.42bn as traffic recovered strongly from 39.1m to 95.1m (at a 94% load factor).  Record Q2 traffic and strong peak summer fares (+14% over pre-Covid) offset a weak Easter in Q1, which saw traffic and fares damaged by Russia’s invasion of Ukraine in late Feb.  Ancillary revenue delivered a solid performance with spend increasing to €23 per passenger.  Total revenue jumped by over 200% to €6.62bn.

While sectors more than doubled and traffic increased 143%, operating costs rose just 126% to €4.98bn (incl. a 205% increase in fuel to €2.18bn), driven by lower variable costs, higher load factors and improved fuel burn from our Gamechanger fleet.  Cost per passenger (ex-fuel) fell below €30 in H1 (slightly lower than the same period pre-Covid). 

Our FY23 jet fuel requirements are 81% hedged at an ave. of $67bbl and during H1 we raised our FY24 jet fuel hedges to 50% at approx. $93bbl.  Forex is also well hedged with over 80% of FY23 €/$ opex hedged at 1.14 and almost 20% of FY24 hedged at 1.08.  Our Boeing order book is fully hedged at €/$ 1.24 out to FY26.  This very strong hedge position helps insulate Ryanair from recent spikes in fuel prices and the US$ and gives our Group airlines a huge cost advantage over our EU competitors, especially this winter and into FY24.

Balance Sheet & Liquidity:

Ryanair’s balance sheet is one of the strongest in the industry with a BBB (stable) credit rating (S&P and Fitch).  Net debt at 30 Sep. has fallen to €0.5bn (from €1.45bn at 31 Mar.), despite €0.9bn capex.  Almost all of the Group’s fleet of B737s are owned and over 90% are unencumbered which widens our cost advantage at a time when interest rates and leasing costs of our competitors are rising. Our focus over the next year is the repayment of €1.6bn of maturing bonds while returning our balance sheet to a broadly zero net debt position.  The strength of our balance sheet ensures that the Group is well positioned to exploit the many growth opportunities that are currently emerging as we grow to 225m passenger p.a. by FY26.

RECESSION & PRICE INFLATION:

Concerns about the impact of recession and rising consumer price inflation on Ryanair’s business model have been greatly exaggerated in recent months.  As the lowest cost producer in Europe, we expect to grow strongly in a recession as consumers won’t stop flying, but rather they will become more price sensitive.  Like Aldi, Lidl, Ikea and other price leaders our very strong post Covid recovery shows that price will continue to drive market share gains as we add low cost, more fuel efficient, aircraft to our fleet over the next 4 years.  As Europe recovers from the 2-year Covid pandemic there has been a considerable contraction of short haul capacity, much of which will not return in the medium term.  Most of our EU competitors have cut capacity by up to 20% this Winter while Ryanair will offer 10% more seats than pre-Covid. 

As our H1 traffic and market share growth shows, millions of passengers are switching to fly with Ryanair for our lower prices, our industry leading reliability and our greener, fuel efficient aircraft. Consumer propensity to travel remains high in Europe as a result of full employment, rising wages and 2 years of pent-up-demand and accumulated savings while people were ‘locked up’ during Covid.  We expect these strong fundamentals will continue to underpin robust traffic and ave. fare growth for the next 18-months at least, and Ryanair will be the main beneficiary of these trends so long as there are no negative developments this Winter such as Covid variants or Ukraine.

OUTLOOK:

The recovery for the remainder of FY23 remains fragile and could yet be impacted by new Covid variants or adverse geopolitical events such as Ukraine.  However forward bookings (both traffic and fares) remain strong over the Oct. school mid-terms and into the peak Christmas travel period.  We hope to avoid any repeat of last year’s Omicron lockdowns which damaged last Christmas at such short notice. As is normal, at this time of year, we have almost zero visibility into Q4 which is traditionally our weakest quarter and which this year doesn’t have any Easter benefit.

While we remain dependent on Boeing meeting their delivery commitments, especially for Christmas extras and Spring mid-term, we are modestly raising our FY23 traffic guidance to 168m passengers (previously 166.5m), up 13% on our pre-Covid traffic.  We remain hopeful that full-year fares will remain ahead of FY20 (pre-Covid) by a mid-to-high single digit percentage but we remain cautious that yields could be impacted at very short notice in H2 as they were last year by Omicron in late Nov. which damaged Christmas and the Ukraine invasion on 24 Feb. which so clearly damaged Mar. and Apr. traffic.  If we are fortunate to avoid such negative events like Covid and Ukraine in H2 then, thanks to our very strong traffic recovery, our advantageous fuel and currency hedges and our widening cost and market share leadership over competitors, we are hopeful that we will minimise our winter losses which would enable us to deliver an FY23 PAT (pre-exceptionals) in a range of €1.00bn to €1.20bn.  This cautious guidance will remain hugely dependent on not suffering adverse events this Winter (as we did last, which were clearly beyond our control).”

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[1] Sustainalytics – a leading independent ESG & corporate governance research, ratings & analytics firm.

[2] Science Based Targets initiative – a collaboration between CDP, the United Nations Global Compact, World Resources Institute & the Worldwide Fund for Nature.  It helps companies to set emission reduction targets in line with climate science & the Paris Agreement goals.

Ryanair Holdings plc today (Tues, 4 Oct) released Sept. traffic statistics as follows:

Avui, (7 de setembre) Ryanair, l’aerolínia número 1 d’Espanya, ha anunciat el seu major programa d’hivern des de la seva base de Barcelona amb 62 rutes cap a destinacions on poder gaudir del sol d’hivern, l’esquí i la ciutat com per exemple Fuerteventura, Luxemburg, Lisboa o Torí, a més de tres noves rutes a Newcastle, Bordeus i Frankfurt Hahn.

La programació de Ryanair de més de 3.000 vols diaris no s´ha vist afectada per les petites i mal recolzades vagues de tripulants de cabina. Mentre que aquestes vagues fallides continuen, CCOO (el major sindicat de tripulants de cabina d’Espanya), continua les seves negociacions amb Ryanair, que estan proporcionant millores a les condicions per a la majoria de la tripulació de cabina espanyola de Ryanair.

Els clients i visitants de Barcelona poden reservar el seu ben merescut viatje a alguna ciutat europea o al sol d’hivern a les tarifes més baixes de Ryanair.com des de només 24,99€, per viatjar des d’aquest setembre fins març de 2023, reservant a www.Ryanair.com abans del divendres 9 de setembre de 2022.

El CEO de Ryanair, Eddie Wilson, va dir:

«Estem encantats d’anunciar el nostre programa d’hivern més gran de la història a Barcelona amb tres noves rutes a Newcastle, Bordeus i Frankfurt Hahn. Aquest hivern Ryanair ofereix als seus clients/visitants de Barcelona tarifes més baixes i fiabilitat amb els seus plans de viatge d’hivern, ja que opera més de 3.000 vols diaris que no s’han vist afectats per vagues de tripulació de cabina espanyoles mal recolzades. Ryanair continua esperant que els nostres vols espanyols no es vegin afectats aquest hivern i els clients poden reservar amb tranquil·litat.

A mesura que continuem creixent i augmentant la capacitat a Barcelona, els nostres clients tenen 62 destins interessants per a l’hivern, incloent esquí, ciutats i destins de sol, com per exemple, Tenerife, Praga i Estocolm. Amb les tarifes de només 24,99€, els clients haurien de reservar directament avui en Ryanair.com, per assegurar les tarifes més baixes.”

1.5 Mil Milions ($) D’inversió Impulsen El Turisme I La Recuperació De Llocs De Treball A Catalunya

Avui (10 febrer), Ryanair, l’aerolínia número 1 d’Espanya, ha anunciat el seu calendari d’estiu des dels seus 3 aeroports de Catalunya (Barcelona, Girona i Reus) amb 103 rutes, incloent 6 noves rutes a La Palma, Lviv i Nuremberg, impulsant el turisme i la recuperació de llocs de treball a Catalunya i oferint als ciutadans catalans més opcions per les seves vacances del proper estiu. Ryanair és una de les companyies aèries més grans de Catalunya, amb 15 avions amb base al territori, amb un valor de més de 1,5 mil milions de dòlars, donant suport a 450 llocs de treball d’aviació altament remunerats i 6600 treballs indirectes en 3 aeroports de Catalunya.

Sent l’única companyia aèria que creix de manera significativa a Europa, amb l’arribada de 210 avions «Gamechanger» respectuosos amb el medi ambient que tenen un 4% més de seients, un 16% menys de combustible cremat i fins a un 40% menys d’emissions de soroll, Ryanair es troba en una posició única per a aconseguir el ràpid creixement de passatgers, la connectivitat i l’accessibilitat necessaris per a impulsar el turisme i els llocs de treball a Catalunya.

A mesura que Europa passa per la crisi de la Covid 19, mai hi ha hagut un millor moment perquè Espanya aprofités el pla de creixement de Ryanair. Ryanair s’ha compromès positivament amb la ministra de Turisme i ara demana al Govern espanyol que faci alguns passos més per a situar a Espanya en l’avantguarda del turisme europeu:

• Baixada de l’impost sobre el trànsit aeri a Espanya – la congelació és un progrés positiu, però ha d’anar més enllà.
• No passar els costos de la Covid-19 dels aeroports als passatgers.
• Assegurar unes taxes mediambientals justes per als vols de transport de curta distància davant els vols de llarga durada.

El director de Marketing, Digital i Comunicació de Ryanair, ha dit:

«Com a l´aerolínia més gran d’Espanya, Ryanair està dirigint la recuperació del turisme i el creixement econòmic d’Espanya a l’estiu del 2022 amb un calendari excepcional, oferint als ciutadans i visitants catalans 103 rutes (6 noves) a destins interessants com Lviv, Perugia, Nuremberg i La Palma.

Ryanair està creixent a Espanya, augmentant la connectivitat regional a les illes, donant als turistes espanyols més opcions i fomentant el turisme d’entrada amb tarifes baixes.

Per celebrar aquest ambiciós calendari d’estiu a Catalunya, estem llançant una venda de seients de 3 dies amb tarifes disponibles des de 19,99€ per viatjar fins a octubre de 2022, reservant abans del 12 de febrer. Atès que aquestes tarifes increïblement baixes s’esgotaran ràpidament, els clients han d’entrar a www.ryanair.com per evitar perdre aquesta oportunitat.”

CATALUNYA – 6 NOVES S’22 RUTES
Barcelona	Frankfurt Hahn La Palma Lviv Perugia
Girona	Helsinki Nuremberg

Madrid, 2 de febrero de 2022. Ryanair Holdings PLC ha anunciado hoy sus estadísticas de tráfico correspondientes al mes de enero de 2022:

	ENERO 2021	ENERO 2022
TRÁFICO	1.3m	7.0m*
FACTOR DE OCUPACIÓN	69%	79%

• Ryanair operó más de 46.400 vuelos en enero con un factor de ocupación del 76%.

MESES ANTERIORES	PASAJEROS	FACTOR DE OCUPACIÓN
Julio	9.3m	80%
Agosto	11.1m	82%
Septiembre	10.6m	81%
Octubre	11.3m	84%
Noviembre	10.2m	86%
Diciembre	9.5m*	81%

*El tráfico de diciembre y enero se ha visto muy afectado por las restricciones de viaje de Ómicron.

La aerolínea irlandesa pone a la venta tarjetas regalo a partir de 25 euros disponibles en más de 230 destinos.

Madrid, 01 de febrero de 2022. Ryanair, la primera aerolínea en Europa, tiene el regalo perfecto para aquellos compradores de última hora que buscan impresionar a su pareja este San Valentín: ¡tarjetas regalo de Ryanair!

Los vales regalo de la aerolínea irlandesa son tarjetas personalizadas, a partir de 25€, canjeables por viajes a cualquiera de los más de 230 destinos operados por Ryanair. Además, para facilitar aún más la sorpresa, las tarjetas regalo de Ryanair se compran a través de la web Ryanair.com, por lo que los afortunados las recibirán directamente por email. Un acierto seguro para sorprender a un ser querido y disfrutar juntos de una escapada con motivo de San Valentín.