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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 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 are set out below: Airline € Air France-KLM 3.4bn TAP 1.2bn While the Covid-19 crisis has caused damage to… 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 Its Biggest Ever Summer Schedule From Cyprus
34 Routes In Total, 5 New, 106 Weekly Flights Ryanair, Europe’s No.1 airline, today (31 Mar) launched its biggest ever Summer schedule in Cyprus, with 34 routes in total, including 5 new routes to Bari, Bologna, Corfu, Rhodes (operating from July) & Venice Treviso (operating from June), which will help boost Cyprus’s air traffic and… more
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Η Ryanair Ανακοινωνει Το Μεγαλυτερο Καλοκαιρινο Προγραμμα Που Πραγματοποιησε Ποτε Απο Την Κυπρο
34 Δρομολογια, 5 Νεα, 106 Εβδομαδιαιες Πτησεις Η Ryanair, η No.1 αερογραμμή της Ευρώπης, ανακοίνωσε σήμερα το μεγαλύτερο καλοκαιρινό πρόγραμμα που δημιούργησε ποτέ για την Κύπρο με συνολικά 34 δρομολόγια. Ανάμεσα σε άλλα συμπεριλαμβάνονται 5 νέα δρομολόγια από και προς Μπάρι, Μπολόνια, Κέρκυρα, Ρόδο (ξεκινάει τον Ιούλιο) & Τρεβίζο (ξεκινάει τον Ιούνιο) τα οποία θα… 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 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