Reading Time: < 1 minute Ryanair has revealed its Q1 2020 results showing a net loss of €185 million. In comparison with a net profit of €243 million in the same period last year, the damage of the pandemic is already becoming obvious. Through the 35-year history, Ryanair says the Q2 of 2020 was the most challenging, the coronavirus pandemic […]

Reading Time: < 1 minute Last week Ryanair’s CEO revealed about potential Lauda’s switch from all-Airbus to all-Boeing fleet, whereas this week the company has said that there is a possibility of Lauda’s Vienna base closure. In a statement, Ryanair Group provided that in the fiscal year 2020 Lauda underperformed with fares lower than expected. This happened because of fierce […]

Reading Time: 2 minutes Since the middle of March, Ryanair Group has almost entire fleet grounded. The duration and impacts of the crisis provoked by the pandemic are yet undetermined. However, the Group is determined to “weather Covid-19 and emerge stronger when the crisis passes”. Dramatically low demand, travel restrictions and fleet grounding reduced Ryanair Group’s traffic by over […]

Reading Time: < 1 minute In a way, the current situation of airlines restructuring their fleets reminds of a chess game. A number of moves, including aircraft retirements, parking or storage, are taking place. Carriers are also deferring or cancelling their orders for new planes, or simplifying their fleets by switching to a single-type aircraft. This is the case of, […]