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Ryanair group CEO Michael O'Leary says airline is 'reasonably confident and optimistic'

Ryanair boss upbeat on summer holiday prospects

Ryanair is reasonably confident that people will be taking holidays in Europe in June, July and August, defying gloom in the sector as Covid-19 cases rise in some holiday destinations.

Business • 24 Mar 21

Ryanair group CEO Michael O'Leary said the airline's consensus forecast for the financial year was for a loss of around €850m

Ryanair sees 60-70% of normal traffic this summer

Ryanair hopes to fly up to 70% of 2019 passenger numbers this summer, group chief executive Michael O'Leary told a British parliamentary committee today.

Business • 03 Mar 21

Ryanair Group CEO Michael O'Leary tells NPHET to 'get its finger out'

Ryanair eyes record annual loss as Covid 'wreaks havoc'

Ryanair said it may lose close to €1 billion in its current financial year, by far its worst ever performance, but Europe's largest low-cost carrier said the crisis would create significant growth opportunities.

Business • 01 Feb 21

BA owner IAG said it is 'confident' it will comply with the EU and the UK ownership and control rules post-Brexit transition period

IAG rejects Ryanair prediction for post-Brexit BA

Airline group IAG is confident of meeting all EU regulations relating to its ownership British Airways, it said after the group chief executive of rival Ryanair suggested it may have to jettison the UK flag carrier after Brexit.

Business • 08 Dec 20

Ryanair's order with Boeing now stands at 210 planes

Ryanair orders 75 new Boeing 737 MAX planes

Ryanair has agreed to buy a further 75 new Boeing 737 MAX-8200 aircraft, bringing the total number of the jets that it has ordered to 210.

Business • 04 Dec 20

The Wizz air boss has criticised the suspension of EU rules governing the competitive allocation of airport take-off and landing rights

Wizz Air boss slams slot waiver limiting Gatwick access

Low-cost carrier Wizz Air is seeking a bigger foothold at London Gatwick, but its ambitions may be hampered if regulators extend a freeze on airport slots in response to the coronavirus crisis, its chief executive Jozsef Varadi said.

Business • 24 Nov 20

Ryanair's group chief executive Michael O'Leary

Ryanair sees vaccines paving way for impressive summer

Recent Covid-19 lockdowns mean Ryanair will fly fewer passengers than planned this winter, but vaccines should mean a "very impressive" summer and a return to pre-pandemic passenger numbers by autumn, its group chief executive Michael O'Leary said today.

Business • 24 Nov 20

Ryanair said it expects to record higher losses in the second half of the year

Ryanair posts first summer loss in decades

Ryanair has today posted a loss for its key summer period for the first time in decades and warned that the Covid-19 crisis could force further cuts and leave capacity next summer as little as half of normal levels.

Business • 02 Nov 20

Michael O'Leary said if there was no proper replacement for the UK's job Retention Scheme, staff not required would be put on unpaid leave

UK's Covid policy threatens thousands of jobs - O'Leary

Britain risks losing hundreds of thousands of travel and tourism jobs in the coming months unless the UK government offers proper supports to workers and relaxes travel restrictions, Ryanair boss Michael O'Leary said today.

Business • 24 Sep 20

Ryanair said it now expects its October capacity to fall from 50% to about 40% of its October 2019 levels

Ryanair reduces October capacity and warns of more cuts

Ryanair has said it would cut its October capacity by a further 20%, in addition to the 20% cut already announced in the middle of August, as it also warned of more possible cuts over the winter months.

Business • 18 Sep 20

Ryanair CEO says he believes the winter of 2020 will be a 'write-off'

Ryanair cuts passenger target by another 10 million

Ryanair has cut its annual passenger target to 50 million passengers from a forecast of 60 million made in July as Covid-19 renders the winter a "write-off", group chief executive Michael O'Leary said today.

Business • 09 Sep 20

Ryanair boosts balance sheet with €400m share placement

Ryanair has raised €400m from shareholders via a share placement aimed at strengthening its balance sheet in the wake of the Covid-19 pandemic, Europe's largest low-cost carrier said today.

Business • 04 Sep 20

Ryanair saw a 99% drop in passengers numbers in the three months to the end of June

Ryanair's first quarter loss smaller than expected

Ryanair has reported a narrower than expected loss in its fiscal first quarter today and said it was impossible to say whether it might turn an annual profit due to the impact of the Covid-19 pandemic.

Business • 27 Jul 20

Ryanair has called for the country's 'useless form filling quarantine' to be dropped

Ryanair wants 'useless form filling quarantine' to end

Ryanair has called on both the Government and NPHET to abandon the country's "useless form filling quarantine", which the airline claims has no scientific or medical efficacy.

Business • 12 Jun 20

The Lufthansa group has been bleeding €1m per hour with around 90% of its fleet grounded

Lufthansa says 'unable to approve' state rescue deal

Coronavirus-stricken airline group Lufthansa said its supervisory board was "unable to approve" a €9 billion German state rescue over fears of over-harsh conditions from Brussels.

Business • 27 May 20

Michael O'Leary said that by wearing facemasks Irish people can safely go back flying from July

Ryanair's O'Leary says quarantine measures won't work

Ryanair group chief executive Michael O'Leary has called for the removal of "ineffective quarantine measures" and said that by wearing facemasks Irish people can safely "go back flying" from July.

Coronavirus • 27 May 20

300 jobs to go as Laudamotion closes Vienna base

Ryanair's Laudamotion to close Vienna base

Ryanair's Laudamotion has said it would close its main base in Vienna after the transport union refused to accept pay cuts for employees of the carrier hard hit by the coronavirus crisis.

Business • 22 May 20

Ryanair cut its passenger target for the year to March 2021 to 80 million, down from a target of 100 million given last week and from an original target of 154 million.

Ryanair cuts traffic target, shares up on cost control

Ryanair has cut its annual passenger target by another 20% and said it had no idea how much it would earn this year, but its shares surged over 13% on strong cost control and a €1 billion profit in the year to the end of March.

Business • 18 May 20

Ryanair seeks to implement pay cuts of up to 20% as well as the closure of a number of aircraft bases across Europe until traffic recovers

Ryanair warns of 3,000 job cuts amid Covid-19 crisis

Ryanair has said it could take at least two years for passenger demand to return to normal and this could result in up to 3,000 jobs losses, mainly among pilots and cabin crew.

Business • 01 May 20

Michael O'Leary told German business daily Handelsblatt that fewer staff would be required over the winter months

Ryanair may cut 10-20% of jobs in winter season - CEO

Ryanair may have to lay off 10-20% of staff in the winter season as it will operate fewer flights due to the coronavirus crisis, chief executive Michael O'Leary said in a newspaper interview published today.

Business • 24 Apr 20

Ryanair assumes European flights will stay grounded until a 'limited' resumption in June, its CEO Michael O'Leary has said

Ryanair sees price war fuelling rapid travel recovery

Ryanair is steeling for an airline price war that it expects to win once coronavirus restrictions are lifted and passengers flock back to tourist destinations, its chief executive Michael O'Leary has told Reuters.

Business • 16 Apr 20

Ryanair is continuing to work with governments on rescue flights to return stranded passengers to their home country

Ryanair doesn't expect any flights in April or May

Ryanair has said it expects that most of its flights will be grounded from today.

Business • 24 Mar 20

Michael O'Leary said he was working on a best-case scenario of two-three months in which flights would be grounded

Ryanair to cut staff and executive pay by 50%

Ryanair's chief executive has said he and the rest of the airline's employees will take a 50% pay cut for the months of April and May as a result of disruption to the business because of the coronavirus pandemic.

Business • 20 Mar 20

Ryanair's chief executive Michael O'Leary said the airline is taking all actions necessary to cut operating expenses

Ryanair can't rule out full grounding of its fleet

Ryanair has said it plans to ground the majority of its fleet across Europe over the next seven to 10 days and said it will have to make significant reductions to working hours and payments.

Business • 16 Mar 20

Airlines worldwide have been suspending flights or modifying services in response to the coronavirus outbreak

European airlines warn of worsening impact of virus

The worst is still to come for the airline industry in terms of economic damage from the coronavirus outbreak, European carrier bosses warned today.

Business • 03 Mar 20

Michael OLeary