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Ryanair Q1 Profits Rise 55% To € 397m Due To Strong Easter But No Change To FY Guidance

Ryanair, Europe’s No. 1 airline, reported a 55% rise in Q1 profit to €397m. This result is distorted by the timing of Easter in Q1 with no holiday period in the prior year comparative. Traffic grew 12% to 35m as Ryanair’s lower fares and “Always Getting Better” (AGB) programme delivered a record 96% load factor. Ryanair’s CEO Michael O’Leary said:&nb...

Ryanair Unveils 2017/18 (Year 4) “Always Getting Better” Plan

Ryanair, Europe’s No.1 airline, unveiled its 2017/18 customer experience improvement plan which forms Year 4 of its “Always Getting Better” (AGB) programme, including service, digital, ancillary and inflight developments. The new initiatives to be rolled out over the coming year include: Connecting flights – on Ryanair’s network, then on other airlines Even lower...

Ryanair Issues €750m Eurobond At 1.125% Fixed For 6.5 Years

Ryanair announced that it has issued a 6.5 year, €750m, Eurobond at a fixed coupon of 1.125%. Ryanair is rated BBB+ (stable) by both Standard & Poor’s and Fitch Ratings. These ratings reflect the ratings of Ryanair’s business model which as a long established track record of profitability, cash generation, and an industry leading balance sheet. The bond will be listed on the I...

Brexit poses a threat to Ireland’s aircraft-leasing business

THE glass office blocks of Dublin’s docklands still stand proud; the banks that built them no longer do. The financial crisis of 2008 took down Ireland’s six biggest lenders. Within five years Dublin slid from being rated by Z/Yen, a London-based business think-tank, as the world’s tenth-best financial centre to its 70th. Britain’s readiness to leave Europe’s single m...

Ryanair may abandon UK domestic market on Brexit

Ryanair could abandon the UK domestic market following Brexit the Irish LCC's Chief Financial Officer (CFO), Neil Sorahan, has told Bloomberg. Speaking a day after Prime Minister Teresa May confirmed the United Kingdom would be leaving the European Single Market, and by extension the European Single Aviation Market, Sorahan said the anticipated need for a UK AOC would be considered in light...

Dublin Airport Sets New Record With Almost 28M Passengers Last Year

Passenger numbers at Dublin Airport increased by 11% to a record 27.9 million last year – more than four times the population of the island of Ireland. Last year’s traffic performance exceeded the previous record, which was set in 2015, by more than 2.8 million passengers. The airport experienced significant growth across both its short-haul and long-haul networks last year. &ldq...

Ryanair Shoots for a Whopping 200 Million Passengers Per Year

Rivals are struggling with falling fares as Europe’s largest carrier projects the 2024 goal. Budget airline Ryanair Holdings raised its long-term growth forecast by 10% on Monday, saying it expected to carry 200 million passengers per year by 2024 and secure a more than 20% share of Europe’s short-haul market as rivals struggle with falling fares. Already Europe’s...

Ryanair To Create Over 3,500 New Jobs In 2017

Ryanair, Europe’s No.1 airline, today (4 Oct) announced that it is to launch a major recruitment drive as it plans to take delivery of 50 new aircraft in the next 12 months. Ryanair announced that it will be hiring 2,000 new cabin crew, 1,000 pilots and 250 aircraft engineers, as well as promoting over 300 First Officers on its command upgrade programme across its 84-base European network. A...

Ryanair CEO Says Brexit Will Likely Hurt Profits For Four Years

Ryanair Holdings Plc Chief Executive Officer Michael O’Leary said the fallout from Britain’s decision to quit the European Union will weigh on the discount carrier’s profit for as long as four years. The process of the U.K. negotiating its way out of the bloc, which could take two to four years, is set to depress yields, a measure of ticket prices and profitability in the airl...

Air Ambulance Northern Ireland confirms Babcock as aviation supplier

Air Ambulance Northern Ireland is delighted to announce Babcock Mission Critical Services Onshore as the aviation supplier of the charity's two aircraft. Babcock will also provide aviation training and the pilots of both helicopters. Babcock has decades of experience in providing helicopter emergency medical services (HEMS) across the UK and currently operates from more than 20 UK bases, respon...

Ryanair Interested in Extra Boeing 737 Jets If Orders Canceled

Ryanair Holdings Plc could snap up more Boeing Co. 737s should other carriers shy away from orders amid softening demand, Chief Executive Office Michael O’Leary said. Ryanair is interested in sourcing extra single-aisle planes, even though it has 115 current generation 737-800s due for delivery over the next few years followed by 100 updated 737 Max 200s arriving from 2019, and is also ex...

Ryanair says profit guidance unchanged despite weaker fares

Ryanair does not plan to change its profit guidance despite seeing weaker than expected average fares over the summer months, the airline said on Friday after a briefing for industry analysts. Average fares in the six months to the end of September are likely to have fallen between 8 and 9 percent from a year earlier, worse than the fall of between 6 and 8 percent that was forecast in July...