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Ryanair Reports H1 Loss Of €197m As Traffic Falls 80% To 17m
Ryanair Holdings plc today (2 Nov.) reported a H1 loss of €197m, compared to a PY H1 profit of €1.15bn. Highlights of this 6-month period include: 99% of the fleet grounded from mid-March to end June. Successful return to service implemented 1 July. H1 traffic fell from 86m to 17m. Cost reduction measures implemented across business. Successful €1.25bn financing raised in Sep. (equity placing & eurobond). Cash prioritised. Closing cash €4.5bn. Over €1.5bn debt due … more
Ryanair Launches New Paphos To Vienna Winter Route
Ryanair, Europe’s No.1 airline, today (29 Jul) announced a new 2020 winter route Paphos – Vienna, with a twice weekly service commencing in October 2020, as part of Ryanair’s Winter 2020 schedule. Consumers and visitors … more
RYANAIR LAUNCHES 2 NEW ROUTES FROM CYPRUS
Ryanair, Europe’s no.1 airline, today (Mon, 29 June) announced 2 new routes from Cyprus to the Netherlands and Poland, commencing 3 August as part of its extended summer 2020 schedule. The new routes will operate … more
Ryanair To Cancel Up To 25% Of Italian Short Haul Flights From 17th Mar To 8th Apr
All Affected Passengers Contacted By Email Today Ryanair today (Mon 2 Mar) notified passengers that it was reducing its short haul flight program (mainly to and from Italy) by up to 25% for a 3 … more
Ryanair Reports Q3 Net Profit Of €88m
Due To Stronger Christmas/New Year Traffic. Ryanair Holdings plc today (3 Feb.) reported a Q3 profit of €88m, compared to a €66m loss in the same quarter last year. Highlights include: Traffic grew 6% … more
Ryanair Calls On Chancellor Sajid Javid To Extend Flybe APD ‘Holiday’ To All UK Airline Competitors
Ryanair, which is the largest passenger airline operating to and from the UK today (Thurs, 16 Jan) wrote to Chancellor of the Exchequer, Sajid Javid MP, calling on him to extend the APD eco tax … more