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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 Responds To Strong Customer Demand With Even More Flights From Vilnius To Liverpool
Ryanair, Europe’s No.1 airline, today (15 Sept) announced it will add more flights from Vilnius to Liverpool. In light of strong demand from both Lithuanian & British consumers, Ryanair will now fly 3 times weekly … more
Ryanair Launches New Route From Lithuania To Denmark
Ryanair, Europe’s no.1 airline, today (Fri, 10 July) announced a new route from Lithuania to Denmark, commencing 27 October as part of its Winter 2020 schedule. The new route will operate twice weekly to/from Vilnius … more
Ryanair Launches Rescue Fares As Wizz Air Cancels London Southend To Vilnius Route
Ryanair, Europe’s No.1 airline, today (22 June) launched rescue fares starting from €9.99 on the London Southend to Vilnius route operating 2 weekly frequencies to accommodate customers affected by Wizz Air discontinuation of this route. … 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