Ryanair restored over 60% of flights
Ryanair, Europe’s favourite low fares airline, today (6 Aug) announced it has restored over 60% of normal flight schedules from 1st August, following the successful resumption of its services at the end of June.
Throughout July, Ryanair have flown 4.4 million customers to destinations across Europe, reuniting friends and family, allowing commuters to get back to work, as well as jetting tourists off for post-lockdown breaks to some of the continent’s most popular holiday hotspots.
As Europe’s skies get busier and traveller confidence returns, Ryanair will continue to increase its flight frequencies throughout August with more than 1,600 routes and over 11,000 weekly flights across its network.
Ryanair’s CEO Eddie Wilson said: “Since the resumption of our schedule in late June, passenger numbers have continued to grow and as a result, we’re delighted to announce that our flight schedule is set to increase to more than 60% in August. We were pleased to see our people and customers adopt to our healthy flying measures, and encourage all those travelling with us in August to continue to do so. As traveller confidence returns, we look forward to welcoming back our customers, who can fly on the lowest fares to over 200 destinations across Europe. We’re also proud to play our part in helping Europe’s tourism industry take off again.”
Recently Ryanair published financial results of the first quarter.
Ryanair Holdings plc today (27 July) reported a Q1 loss of €185m, compared to a PY Q1 net profit of €243m. Highlights of Q1 include:
- Over 99% of the fleet grounded from mid-March to end June.
- Q1 traffic fell from 42m to 0.5m.
- Group airlines operated repatriation, rescue & medical emergency flights.
- Cash preservation prioritised – closing cash €3.9bn
- Cost reduction measures being successfully implemented.
- Successful return to flying implemented in late June.
The past quarter was the most challenging in Ryanair’s 35 year history. Covid-19 grounded the Group’s fleet for almost 4 months (from mid-March to end June) as EU Governments imposed flight or travel bans and widespread population lockdowns.
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