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Ryanair Welcomes EU Court Ruling On Condor State Aid
Ryanair today (9 June) welcomed the EU General Court’s annulment of the European Commission’s approval of State aid by Germany to Condor. In April 2020, the German government granted a €550m loan to Condor, which had already benefited from a €380m rescue loan from Germany in 2019 following the bankruptcy of its parent company, Thomas… more
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Ryanair Reports Full Year Loss Of €815m As Traffic Falls 81% Due To Covid-19 Travel Restrictions
Ryanair Holdings plc today (17 May) reported a full year loss of €815m (excl. hedge ineffectiveness), compared to a PY profit of €1,002m. Features of FY21 included: FY21 traffic fell 81% from 149m to 27.5m due to Covid-19 restrictions. Liquidity preservation prioritised with €3.15bn cash at year end (31 Mar.). Cost reductions implemented across all… more
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Ryanair Launches New Newcastle To Chania (Crete) Route For Summer ‘21
Ryanair, Europe’s No.1 airline, today (24 Mar) announced a new Newcastle to Chania (Crete) route, commencing in July 2021, flying twice a week as part of Ryanair’s UK Summer 2021 schedule. UK families can now book a summer getaway, flying on the lowest fares and with the option to avail of Ryanair’s zero change fee… more
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Ryanair Orders 75 Boeing Max-8200 Aircraft (210 In Total)
Deliveries Start Early In 2021 And Run Until Dec. 2024 Value Of 210 X 737 Firm Order Exceeds $22 Billion Ryanair, Europe’s largest airline, today (3 Dec. 2020) signed a purchase agreement with Boeing for 75 new MAX-8200 aircraft, which increases its firm order for the Boeing “Gamechanger” aircraft from 135 to 210, with a… more
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Ryanair Further Extends The Waiving Of Flight Change Fee For All December And January Bookings
Ryanair, Europe’s No.1 airline, today (20 Nov) announced it will extend the waiving of its flight change fee for all customers who book in December 2020 and January 2021. This gives Ryanair customers peace of mind and greater flexibility should their travel plans change, allowing them to move their flight with no change fee up… more
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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… more
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