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Ryanair Reports H1 Profit Down 7% To €1.20bn Lower Fares, Higher Oil & Eu261 Costs Leaves Fy19 Guidance Unchanged At €1.10bn – €1.20bn (Excl. Laudamotion)
Ryanair today (22 Oct.) reported a 7% fall in H1 profits (“PAT”) to €1.20bn (excl. Laudamotion losses). Average fares declined 3% due to excess capacity in Europe, an earlier Easter in Q1, repeated ATC strikes/staff shortages which caused a spike in cancellations of higher fare, weekend flights. Higher fuel, staff and EU261 costs have offset strong ancillary revenue growth. H1 Results (IFRS)* Sep 30, 2017 Sep 30, 2018 % Change Guests 72.1m 76.6m +6% Revenue … more
Ryanair Signs Agreement with Portuguese Pilot Union SPAC – BALPA (UK) Sign Seniority and Base Transfer Agreements
Ryanair today (Fri 19 Oct) announced that it has signed an agreement with the Portuguese pilot union SPAC, which will provide for seniority and base transfer agreements, to cover all of Ryanair’s directly employed pilots … more
Ryanair Kicks Off Year 2 Of Erasmus Student Network Partnership
Erasmus Students Save Over €5m So Far With Ryanair Ryanair, Europe’s favourite airline, today (8 Oct) officially launched the second year of its exclusive partnership with the Erasmus Student Network.. Delivered as part of … more
Ryanair welcomes Barcelona Court ruling confirming no EU 261 compensation is due during internal strikes
Ryanair, Europe’s No. 1 airline, today (4 Oct) welcomed the Commercial Court of Barcelona’s recent ruling confirming that no EU261 compensation is due to customers whose flights are cancelled because of internal strike action, as … more
Ryanair Sep Traffic Grows 11% To 13.1m Customers
Includes 0.5m Lauda Traffic Ryanair, Europe’s No.1 airline, today (2 Oct) released September traffic statistics as follows: – Total traffic grew 11% to 13.1m with a 97% load factor – Ryanair traffic grew 6% to … more
Ryanair Cuts Fy19 Guidance By 12% Due To Higher Oil Prices, Higher Eu261 Costs, & Weaker Fares Due To Recent Strikes
Ryanair today (1 Oct.) lowered its full year profit guidance (excluding Laudamotion) from a current range of €1.25bn – €1.35bn, to a new range of €1.10bn – €1.20bn due to: – Lower traffic and … more
Ryanair To Open 2 New French Bases At Bordeaux & Marseille
4 New Aircraft For France, $400m Investment Ryanair, Europe’s No.1 airline, today (27 Sept) announced significant expansion in France, launching 2 new bases at Bordeaux and Marseille as part of its Summer 2019 schedule, with … more