Reading Time: < 1 minute According to Ryanair’s forecasts, the passenger numbers will be close to their pre-Covid levels by summer 2021. Such an affirmation contradicts the prevailing industry’s opinion that it will take several years for the traffic to get back to normal. “There’s going to be an enormous snapback on travel demand … Mrs. O’Leary is very keen […]
Reading Time: < 1 minute Ryanair and the Spanish Union of Airline Pilots (SEPLA) have agreed on a 20% pay reduction restored over 4 years along with productivity improvements on rosters, flexible working patterns and annual leave to minimise Spanish Pilot job losses. This agreement gives Ryanair a framework to flex its operation during the COVID-19 crisis and a pathway […]
Reading Time: < 1 minute Ryanair has announced that it will reduce its flight capacity by 20% during the months of September and October, as forward bookings have notably weakened over the last 10 days, given continuing uncertainty over recent COVID case rates in some EU countries. Ryanair confirmed that most of these cuts would be frequency reductions rather than […]
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 Ryanair and the British Airline Pilots’ Association (BALPA), a trade union for UK pilots, have reached a four-year agreement on 20% pay reduction (to be restored over four years). Along with salary cuts, under the agreement, accepted by 96% of Ryanair’s UK pilots, come productivity improvements on rosters, flexible working patterns and annual leave to […]
Reading Time: < 1 minute The beginning of July marked the renewal of air services in many countries and for many operators. For example, low-coster Ryanair has returned to flying with over 1,000 daily flights all across Europe in July. By introducing more flights, Ryanair is placing back on track with almost 90% of its pre-Covid-19 route network. Although frequencies […]
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, […]
Reading Time: < 1 minute Ryanair has announced about its plans to re-launch 40% of flights across 90% of pre-crisis route network from July. The airline expects to operate almost 1,000 flights daily. Although the return to operations at such a scale is still a subject to restrictions lift and safety measures introduced, the low-cost carrier has set very ambitious […]
Reading Time: < 1 minute The spread of the coronavirus has put Ryanair in huge crisis as well. The carrier has already began slashing the capacity across all the airlines of its Group by 80%. From 24 March it expects to ground the “most if not all Ryanair Group flights, except for a very small number of flights to maintain […]