DUBLIN—Ryanair on Monday reported its first quarterly profit since before COVID-19, but downgraded its annual forecast to a loss of up to 200 million euros ($231 million) on plans to sell discounted tickets over the winter and higher fuel costs. Europe’s largest budget airline, which operated more flights this summer than any European rival, posted…
Ryanair Posts First Quarterly Profit Since 2019 but Sees Annual Loss
Ryanair Vows 5-Day Refund Turnaround After COVID-19 Criticism
DUBLIN—Ryanair on Thursday vowed to repay customers within five days for cancelled flights in a renewed customer service push after criticism about how it handled refunds at the height of the COVID-19 pandemic. The budget airline, Europe’s largest, said refunds would be processed into a new online wallet function within 24 hours of a flight…
UK Scraps Action Against Ryanair, British Airways Over Refunds
LONDON—Britain’s competition regulator has scrapped its action against Ryanair and British Airways over their failure to offer refunds to passengers prevented from flying by COVID-19 restrictions, saying the legal position was unclear. During pandemic lockdowns, instead of offering refunds to those legally unable to fly, IAG-owned British Airways offered vouchers or rebooking, and Ryanair providing…
Ryanair to Appeal After Court Backs EU Order to Repay Austrian Airport Aid
DUBLIN/LUXEMBOURG—Ryanair Holdings Plc on Wednesday said it would appeal a ruling by Europe’s second-highest court rejecting its challenge against an EU order to repay millions of euros in illegal aid given by an Austrian airport. The Luxembourg-based General Court also dismissed a challenge by TUIfly on the same issue. The European Commission in its 2016…
Europe’s Low-Cost Carriers Will Help to Drive Demand for New Planes Over Next 20 Years: Boeing
European low-cost carriers will help drive demand for new planes in the region over the next 20 years, as airlines replace their older fleets with more fuel-efficient jets, planemaker Boeing said on Sept. 21. Boeing said that it expects airlines in Europe to order 7,100 new single-aisle planes between now and 2040. Single-aisle planes are typically…
Ryanair Raises Passenger Target to 225 Million a Year by 2026 After Its Post-COVID Recovery Plans Are Approved
Budget airline Ryanair on Sept.16 said it has raised its five-year passenger traffic growth after shareholders approved the company’s post-COVID recovery plans. In a statement, the Irish carrier said it expects to see “more rapid traffic growth” by 2026 and has raised its five-year growth forecast to 50 percent, up from past estimates of 33 percent. Prior to…
Exclusive: Ryanair Ready for Long Wait for Boeing to Cut MAX Price, Says O’Leary
ROME—Ryanair is willing to wait years for Boeing to drop its prices before placing a big new plane order with the U.S. company, Chief Executive Michael O’Leary told Reuters, while he also downplayed the chance of a deal with rival Airbus. The Irish airline, one of Boeing’s biggest customers, said on Monday it had ended…
Ryanair Ends Talks With Boeing on Large 737 MAX 10 Order
DUBLIN—Ryanair has ended talks with Boeing on a major new order for Boeing 737 jets due to a disagreement over pricing, the Irish airline said on Monday. Ryanair is already the largest European customer for the 737 MAX, with 210 firm orders of the 197-seat MAX 8–200 model. In July it said it might do…
Ryanair Passenger Numbers Rise in August to 11.1 Million
DUBLIN—Ryanair on Thursday said it flew 11.1 million passengers in August, 75 percent of the number the budget airline carried in August 2019 before COVID-19 pandemic hammered the industry. Chief Executive Michael O’Leary had told Reuters on Tuesday that the airline was on target to exceed its 10.5 million target for August this year. The…
UK Court Rules Government Acted Lawfully Over COVID Travel Rules
LONDON—London’s High Court on Tuesday ruled that Britain acted lawfully over its so-called traffic lights system for travellers entering Britain in a case brought by Manchester Airports Group (MAG), backed by a number of airlines. While the court accepted part of the argument against the government, it did not find that the transport minister had…
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