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Ryanair Reports Q1 Loss Of €273M As Easter Travel Cancelled. Vaccine Rollouts & EU Digital Covid Certs Drive Strong Booking Recovery Into Peak Summer 2021.
Ryanair Holdings plc today (26 July) reported a Q1 loss of €273m, compared to a PY Q1 loss of €185m. Features of this Q1 performance included: Q1 traffic rebounded from 0.5m to 8.1m as capacity recovered in May & June. 1st B737-8200 “Gamechanger” delivered in June (12 for peak S.21). Strong June cash balance of €4.06bn (up from €3.15bn at 31 Mar.). €1.2bn 5-year unsecured bond issued in May at record low 0.875% coupon. … more
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 … more
Ryanair Welcomes EU Court Rulings On Air France-KLM And TAP State Aid
Ryanair today (19 May) welcomed the EU General Court’s rulings that State aid measures favouring Air France-KLM and TAP were in breach of EU law. The enormous amounts of State aid received by each airline … more
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 … more
Ryanair Launches New Kaunas To Stockholm Arlanda Route For Winter ‘21
Ryanair, Europe’s No.1 airline, today (7th May) announced a new Kaunas to Stockholm Arlanda route, operating twice a week from November 2021, as part of Ryanair’s Lithuanian Winter ‘21 schedule. Lithuanian consumers and tourists can … more
Ryanair Launches New Vilnius To Billund Route For Summer ‘21
Ryanair, Europe’s No.1 airline, today (1 Apr) announced a new Vilnius to Billund route, commencing in July 2021, flying three times per week as part of Ryanair’s Lithuanian Summer 2021 schedule. Lithuanian consumers can now … more
Ryanair Launches New Kaunas To Liverpool Route For Summer ‘21
Ryanair, Europe’s No.1 airline, today (16 Mar) announced a new Kaunas to Liverpool route, from 4th June 2021, flying twice a week as part of Ryanair’s Lithuanian Summer 2021 schedule. Lithuanian consumers can now book … more