Ryanair makes its bond debut by raising €850m for planes June 10, 2014 BUDGET airline Ryanair issued its first ever bonds yesterday, raising €850m (£687m) to help finance its order for 180 new Boeing planes. Ryanair said the seven-year, euro-denominated bonds were eight times oversubscribed and attracted investors from across Europe. The firm, whose shares are listed in London and Ireland, claims its BBB+ debt rating makes it [...]
Ryanair raises hopes after its profits decline May 19, 2014 RELIEVED Ryanair investors yesterday took the budget airline’s shares 10.6 per cent higher after the firm’s first fall in profits for five years was less steep than expected. The Irish airline said net profits fell eight per cent in the year to the end of March to €523m (£426m), slightly above its own prediction of [...]
Slashed fares hit Ryanair profits May 19, 2014 Ryanair’s reported net income of €523m (£426m) for the year ending in March. That’s a eight per cent drop from the €569m it made a year earlier. Fares fell four per cent, as the budget airline reacted to a tougher environment of a weaker pound and higher fuel costs. As a result, it saw its [...]
Ryanair gets a credit rating as it prepares to tap the bond market March 20, 2014 RYANAIR was given a credit rating of BBB+ yesterday, taking the budget airline a step closer to issuing bonds. Standard & Poor’s said the rating reflected Ryanair’s “industry-leading profitability” along with the risks associated with its “reputation for providing less customer-friendly services than some of its peers”. S&P has deemed Ryanair to be three notches [...]
Benefficient can give Ireland a long overdue success in the Ryanair March 12, 2014 BILL ESDAILE PREVIEWS THE RYANAIR CHASE AND THE KIM MUIR THE outspoken Michael O’Leary has made no secret of his desire to see one of his horses, running in the famous maroon Gigginstown Stud colours, win the race sponsored by the airline that made his fortune. Apart from the inaugural running of this Grade One [...]
Italy slaps fines on Ryanair and EasyJet for unfair insurance practices February 17, 2014 Budget airline Ryanair has been fined €850,000 (£694,000) by Italy’s antitrust authority for lack of transparency when it comes to their optional insurance offerings. EasyJet was also fined €200,000 for the same thing. The authority said today that Ryanair has been given 30 days to respond on how it intends to make its optional flight [...]
The nice side of Ryanair begins to boost traffic February 3, 2014 RYANAIR said its customer services revamp was already impressing passengers, pushing its shares higher yesterday despite a pre-tax loss of €35m (£29m) in the final three months of 2013. The low-cost carrier cut its average fare by nine per cent in the quarter to try and shore up its sales. Demand has now “stopped falling, [...]
Brand Index: Ryanair’s charm offensive starting to win round flyers January 21, 2014 THIS year, Ryanair is changing. At least that’s what the budget airline’s boss, Michael O’Leary, claims in a new TV advert, which is part of multi-pronged marketing effort to convince consumers that it is turning over a new leaf. To get out the message that it is now a kinder, gentler company, it has appointed [...]
Ryanair slumps as it warns of a fall in earnings November 4, 2013 SHARES in Ryanair took a 12.6 per cent dive yesterday after the low-cost airline cut its full-year profit forecast for the second time in as many months. Ryanair boss Michael O’Leary said its move to lower air fares across its routes had contributed to the gloomy profit outlook, but said he was unsure of the [...]
Brand Index: Ryanair is working hard to melt the hearts of UK flyers October 22, 2013 ONE MONTH ago, Ryanair shocked the airline industry by revealing it was going to start being nicer to customers. Our research at the time found that, while French and German customers had a fairly dim view of the discount carrier, its reputation was worse in Britain. Well, one month into its new customer service strategy [...]