Ryanair’s profits skyrocket to eye-watering £184.9m as low-cost airline cashes in on strong dollar and Asian tourists January 30, 2023 Ryanair has posted its largest third quarter profit after tax for the winter quarter as a boom in demand helped it soar past pre-Covid levels. In the three months ending 31 December, the Dublin-based carrier reported a pre-tax profit of €211m (£184.9m), up from last year’s loss of €96m. This was also up on the [...]
Flying the green flag: Ryanair’s £140m Boeing deal will save airline ’65m litres of fuel’ a year January 23, 2023 Ryanair claimed its $175m (£140m) deal with Boeing’s subsidiary and technology company Aviation Partners Boeing will help it make huge cuts to fuel consumption and CO2 emissions. Under the agreement, 400 of the low-cost airline’s aircraft will be retrofitted with APB’s winglets. Also known as wingtip devices, winglets are vertical extensions attached to a plane’s [...]
Ryanair’s profits ‘will rise’ as recession forces passengers to opt for cheaper fares January 5, 2023 Low-cost airline Ryanair has raised its profit guidance for its full year 2023 to between €1.32bn (£1.16bn) and €1.42bn (£1.25bn). This is a 25 per cent boost on its initial range of between €1bn and €1.20bn. Analysts at Liberum raised Ryanair’s forecast after a better than expected third quarter; Ryanair carried 11.5 million passengers in [...]
Ryanair passenger levels jump as low-cost carriers weather recession January 4, 2023 Ryanair reported a jump in passenger levels today in a sign that low-cost carriers are managing to weather the cost-of-living crisis. Figures published today show that the low-cost airline carried 11.5 million passengers in December, 21 per cent up on last year’s levels. Numbers were also up on November’s 11.2 million travellers. Load factor – the [...]
Ryanair to compensate travellers for 2018 strikes after Supreme Court appeal dropped December 12, 2022 Ryanair is set to compensate travellers for strikes that took place over four years ago after it dropped a UK Supreme Court appeal. “Ryanair’s decision to discontinue the Supreme Court appeal of the Court of Appeal judgement means that affected passengers will now be able to make a claim for compensation,” said Paul Smith, consumer [...]
Ryanair: O’Leary’s contract extended until 2028 as £86m bonus still on cards December 8, 2022 Ryanair’s boss Michael O’Leary has seen his contract extended until July 2028, in a deal that could make him earn up an extra €100m (£86.3m). Chairman Stan McCarthy said the contract extension was reached following “extensive engagement with large shareholders and proxy advisors,” but will still be subjected to shareholder approval. As part of his [...]
Airlines call on EU to include polluting flights in CO2 pricing scheme December 7, 2022 Airlines have called on the EU Commission to include long-haul and more polluting flights into its environmental regulation. The comments come on the heels of the Commission announcing that EU airlines will pay more for their CO2 emissions. “Yet again the Commission led by Ursula von der Leyen has abandoned the environment and Europe’s ordinary [...]
Ryanair’s Michael O’Leary: EU Commission ‘lacks the bottle’ to go against governments December 5, 2022 The European Commission “lacks the bottle” to go against the interests of national governments, according to Ryanair’s boss Michael O’Leary. Appearing in front of an Irish transport committee late last week, O’Leary said it was unfair that intra-EU short-haul flights were paying environmental taxes, while the more polluting long-haul flights remained exempt, the Express first [...]
Ryanair to buy green aviation fuels from Shell but 2030 target remains unsure December 1, 2022 Ryanair is set to buy green fuels from Shell between 2025 and 2030 as part of its green push. The low-cost carrier today signed a memorandum of understanding, pledging to purchase as much as 360,000 tonnes of sustainable aviation fuel (SAF) by the end of the decade. According to Ryanair, the agreement will save up [...]
Ryanair remains cautious about future despite record half-year November 7, 2022 Ryanair has remained cautious about its future despite posting a record half-year performance. Driven by an exceptional summer traffic, the low-cost carrier’s after tax earnings jumped to €1.37bn (£1.20bn) – up from a €48m net loss last year. Even though slightly below analysts’ consensus, this was its highest half-year results ever, as it surpassed the [...]