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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 To Double Its Presence In Rome Fiumicino This Summer Confirming Its Commitment To Rome
Three More Aircraft, 21 Routes (6 New) & Over 65 Extra Weekly Flights Ryanair, Italy’s No.1 airline, today (08 June) announced the addition of three based aircraft, six new routes and over 65 flights every week from Rome Fiumicino to a host of domestic and international destinations. This represents a further investment of $300m, which… more
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Ryanair May Traffic Jumps From 0.07m To 1.8m Guests
79% Load Factor As Covid Vaccines See EU Recovery Begin Ryanair Holdings plc today (2 June) released May traffic statistics as follows: 2020 2021 Growth(1) Ryanair Group 0.07m 1.8m – Rolling Annual 121.0m 30.2m (72% LF) -75% Ryanair operated over 12,000 flights in May with a… more
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Ryanair Condemns Government Inaction On CTA
Indian Variant “Scariant” Baseless When NI Border Open Ryanair, Ireland’s largest airline, today (28th May) condemned the Government’s inaction on lifting CTA restrictions for UK passengers arriving in Ireland by ferry and plane on the bogus grounds of concerns over the Indian variant. The Indian variant is as prevalent in Northern Ireland as it is… more
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Ryanair Calls On Irish Government For Immediate Action Plan
To Recover Irish Aviation And Tourism – Restore UK CTA From 1 June – Remove All Travel Restrictions To/From EU By 1 July Ryanair, Ireland’s largest airline, today (27th May) called on Micheál Martin’s Government to announce an immediate rescue plan for Irish aviation and tourism, which is being devastated by Government mismanagement of the… 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 all… 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