Company
LON:RYA
Ryanair operates a scheduled passenger airline serving routes between Ireland, the United Kingdom, Continental Europe and Morocco. It claims to be Europe's largest airline and is the parent company of Ryanair DAC, Ryanair UK, Buzz and Lauda airlines
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The struggles of the airline market due to the coronavirus pandemic is "likely to result in long-term impacts for the sector which it expects will create opportunities for Ryanair to grow its network"
Ryanair saw passengers drop by 53% last month, while Wizz Air flew 41% fewer passengers
Most of the reductions would be frequency reductions rather than route closures
Planes can fly to and from Italy at full capacity only if they respect rules to avoid the spread of the virus
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The index of UK blue-chip stocks was flat at 6,129 before close
The airline expects over 90% of customer cash refund requests will be cleared by the end of this month
The two air carriers flew 400,000 and 500,000 passengers, respectively, down 97% and 86% on a year earlier
The low-cost airline celebrated the event by launching what it said it was its biggest ever sale of cheap tickets
Average fares deteriorated for the low-cost carriers but analysts noted summer capacity released so far is “minimal” compared to the potential
The Irish budget airline is not happy that several EU nations have saved their flag-carrying airlines
Face masks or coverings will be mandatory at all times, while passengers will be required to fill in contact forms and go through temperature checks
Total traffic last month plummeted 99.6% to 40,000 passengers compared to April last year
The low-cost airline intends to challenge government support to flag carriers in EU courts as it claims it breaches fair competition rules
“Frankly if he's worried about Virgin he should write the cheque himself. It's not like he's short of money,” Michael O'Leary told Sky News
O'Leary hopes that most flights will be back between July and October.
The airline has been hit by measures to prevent the spread of coronavirus in Europe
To secure the full amount of a £225mln bailout from the Norwegian government, the troubled carrier will need to persuade its creditors to suspend loan instalments and interest payments for three months
Meanwhile, rival EasyJet on Wednesday put its entire autumn and winter flights on sale for a flat fare of £30
On Sunday night the Italian government restricted travel across the region of Lombardy and 14 provinces in four other regions, effectively quarantining 16mln people
The airline boss, an accountant by trade with no known medical qualifications or public health expertise, said he expected the virus outbreak “will be reasonably short-lived”
