Ryanair News Page 16
Declining fares hit profits at Ryanair in first quarter
Ryanair has reported a 21 per cent fall in quarter one profits, with the low-cost carrier booking €243 million for the period in 2019. The airline said a six per cent decline in average fares, to €36, had been offset by strong ancillary revenues.
Ryanair signs with Bartolini Air for new pilot training scheme
Ryanair has announced a major new training partnership with Polish-based international flight school, Bartolini Air. The partnership is designed to ensure the low-cost carrier continues to attract highly trained professional pilots to support its continued growth across Europe.
Ryanair scales back capacity growth as Boeing 737 Max grounding bites
Ryanair is expecting to welcome five million fewer passengers next summer as the grounding of the Boeing 737 Max impacts capacity growth. The Irish airline has a total of 135 of the controversial models on order, the first five of which are due for delivery this autumn.
Ryanair takes off for Beirut for first time
Ryanair has announced its first ever flights from Beirut, its newest airport and its first Lebanese airport. The new flights will take off three times weekly to Paphos, Cyprus, from October.
Ryanair launches Maltese subsidiary with latest acquisition
The investment will allow Ryanair to grow its already sizable presence in Malta and access non-EU markets, largely in North Africa, from Malta. Ryanair currently flies three million passengers annual to and from Malta.
Ryanair sees profits fall by a third as falling prices bite
Ryanair has seen profits fall by 29 per cent, to €1.02 billion, for the year to March 31st as the price of seats fell and the cost of fuel rose. The low-cost carrier said worse could be to come this summer as over capacity in Europe pushes carriers to cut prices further.
Ryanair to rebrand Polish operations later this year
Ryanair Sun, a standalone business unit of the Ryanair Group, obtained its Polish certificate at the beginning of 2018 and started operating for Polish tour-operators in summer last year.
Ryanair falls to loss in third quarter as fares tumble
Ryanair has reported a net loss of €20 million for the third quarter of financial 2018. Strong traffic growth of eight per cent at the low-cost carrier was offset by a six per cent fall in average fares.
Ryanair completes Laudamotion acquisition and reveals expansion plans
Laudamotion has confirmed that Ryanair has completed the purchase of a 100 per cent shareholding in the company. The Austrian airline now becomes a subsidiary of Ryanair Holdings, the group that owns Europe’s largest carrier.
Ryanair signs accommodation partnership with SiteMinder
The website is now available as a distribution channel to SiteMinder’s 30,000 hotel customers across Europe and around the world, which can now offer their guests a new incentive to ‘Go Direct’.
Ryanair issues profit warning as fares continue to fall
Ryanair has lowered its full-year profit guidance blaming the falling prices of fares. The low-cost carrier said it now expects to report profits of €1-€1.1 billion for the full year, down from the €1.1-€1.2 billion it had earlier suggested.
Ryanair touches down at Región de Murcia International Airport
Ryanair has become the first airline to land at the new Región de Murcia International Airport, which was officially opened by his majesty King Felipe VI of Spain.