Ryanair loses legal battle against Condor bailout funding May 18, 2022 Ryanair has lost its legal battle to have bailout funding provided by the EU to German charter airline Condor ruled unlawful. The EU’s General Court said today the aid package was legitimate and that Ryanair failed to demonstrate the European Commission had mishandled funds when bailing the charter airline out. “The applicant did not succeed [...]
Ryanair to revert to second-hand market if Boeing doesn’t step up, warns O’Leary May 16, 2022 Ryanair could revert to buying aircraft from the second-hand leasing market if Boeing were not to step up, according to the airline’s boss Michael O’Leary. O’Leary told analysts today the airline was willing to remain with Boeing but said the plane manufacturer’s management needed to “bloody well improve,” as they were “running around like headless [...]
Summer holidays plans? Expect higher ticket prices and endless airport queues, warns Ryanair’s boss May 16, 2022 Ryanair chief executive Michael O’Leary warned this morning that flight prices will be higher this summer due to the high demand for European holiday destinations. He told BBC Radio 4’s Today Programme earlier today: ”I think capacity, generally, across the summer will be down 10 per cent, 15 per cent.” “Prices will be up by, [...]
Ryanair narrows losses to £300m and expects to fly back into profitability this financial year May 16, 2022 Budget airline Ryanair said this morning it has narrowed annual losses of £302m and hopes to return to “reasonable profitability” in its current financial year. However, chief executive Michael O’Leary said it was “impractical, if not impossible” to give guidance for 2022-23 due to the risk to holiday bookings from Covid and the Ukraine war. The [...]
Ryanair flies 14.2m passengers last month as Brits flock back on holiday May 4, 2022 Ryanair announced it has flown 14.2 million passengers in April, 91 per cent up on 2021 figures. According to data from international traffic management organisation EUROCONTROL, Ryanair was the largest operator in Europe, as it reported an average of 2,815 flights per day. Wizz Air, which was ranked seventh, announced yesterday its passenger numbers had [...]
Ryanair and BA under fire for allegedly forcing Ukrainian refugees to miss flights April 14, 2022 Ryanair and British Airways (BA) have come under fire after Ukrainian refugees fleeing from the horrors of Russia’s war were reportedly turned away. The low-cost carrier denied accusations it had turned people down because they could not access their boarding passes and threatened them with £50 fees if they couldn’t print their tickets. According to [...]
Ryanair’s boss says summer fares will go up to 10 per cent of 2019 levels April 5, 2022 Ryanair’s summer fares are expected to go up between 5 and 10 per cent of 2019 levels, its boss Michael O’Leary said this morning. The chief executive said lower capacity and very strong forward bookings have already started driving demand up from June onwards. “What we’re seeing at the moment is prices are slightly lower [...]
Ryanair narrows 2021 loss forecast and increases fuel hedging April 4, 2022 Ryanair announced today it would narrow its loss forecast for the year ended 31 March, as for the first time in two years passenger numbers topped pre-Covid levels. The low-cost airline said it was expecting net losses to be between €350m and €400m, after previously guiding to be between €250m and €400m. Just last week, [...]
Ryanair expects annual losses near middle of forecast range March 31, 2022 Ryanair’s losses are expected to near the middle of its forecast range, chief executive Michael O’Leary announced today. “We think we’ll be somewhere in the middle of that range,” O’Leary said referring to the airline’s forecast loss of between €250m and €400m. The chief executive explained that whether the company reports profits for the financial [...]
Irish transport minister to speak with Ryanair following airfare criticism March 21, 2022 Ireland’s transport minister Eamon Ryan said today he would talk to Ryanair after the low-cost airline was accused of hiking prices of flights out of Poland. Larysa Gerasko, Ukraine’s ambassador to Ireland, told a Dublin EU committee last week that it was “unfortunate” behaviour on the airline’s side, especially as Polish airports such as Krakow [...]