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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… more
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Ryanair Celebrates The Launch Of Cyprus’ Summer Schedule – Its Biggest Yet!
2 Airports, 36 Routes In Total, 6 New, 114 Weekly Flights Ryanair, Europe’s No.1 airline, today (1 July) celebrated the launch of its biggest ever Summer schedule in Cyprus. Operating 36 routes from two airports, the Summer ’21 schedule includes 6 new routes to Bologna, Bari, Corfu, Marseille, Rhodes and Venice Treviso – all from… more
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Η Ryanair Γιορταζει Το Μεγαλυτερο Καλοκαιρινο Προγραμμα Που Πραγματοποιησε Ποτε Απο Την Κυπρο
2 Αεροδρομια, 36 Δρομολογια, 6 Νεα, 114 Πτησεις Τη Βδομαδα Η Ryanair, η No.1 αερογραμμή της Ευρώπης, γιόρτασε σήμερα (1η Ιουλίου) το μεγαλύτερο καλοκαιρινό πρόγραμμα που δημιούργησε ποτέ για την Κύπρο. Πραγματοποιώντας 36 δρομολόγια από τα δυο αεροδρόμια της χώρας, το καλοκαιρινό πρόγραμμα για το 2021, περιλαμβάνει 6 νέα δρομολόγια προς Μπολόνια, Μπάρι, Κέρκυρα, Μασσαλία,… more
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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