Ryanair has announced a new winter maintenance agreement with UK MRO provider, STS Aviation Group, which will see the airline undertake two lines of heavy maintenance at their modern MRO facility in Birmingham.
Ryanairโs fleet will grow to over 600 aircraft over the coming years and this agreement will ensure that the airline has flexibility as to where it places its aircraft for upcoming winter maintenance seasons.
Ryanair uses a mix of internal facilities and external suppliers to conduct its heavy maintenance. Ryanair continues to invest in internal heavy maintenance facilities and this agreement will complement these facilities to ensure the maintenance requirements are more than met over the coming years.
Ryanair has announced a new route for its Dublin Winter 2022 schedule to Genoa.
The opening of this new route which will operate twice per week, will give Irish tourism a much-needed boost and will reinforce the airlineโs commitment to Dublin, playing a key role in the recovery of local jobs, economy, and tourism industry.
Ryanair has announced a partnership with Neste, the world leading sustainable aviation fuel (SAF) supplier, to power approx. a third of its flights at Amsterdam Airport Schiphol (AMS) with a 40% SAF blend.
This blend will reduce greenhouse gas emissions by over 60%, supporting Ryanairโs Pathway to Net Zero by 2050 decarbonisation goals. Ryanair has already significantly advanced this commitment by partnering with Trinity College Dublin to open the Ryanair Sustainable Aviation Research Centre and investing $22bn in its โGamechangerโ fleet, which offers 4% more seats but are 16% more fuel & CO2 efficient and reduce noise emissions by 40%.
Speaking at Amsterdam Airport Schiphol, Ryanairโs Director of Sustainability, Thomas Fowler said:
โWe are delighted to announce this landmark deal with Neste which will see Ryanair uplift this new 40% SAF blend. SAF is a cornerstone of our Pathway to Net Zero by 2050 decarbonisation strategy and this new blend will power a third of Ryanair flights at Amsterdam Airport Schiphol while reducing greenhouse gas emissions by over 60%. We look forward to growing our partnership with Neste as we work toward achieving our goal of operating 12.5% of Ryanair flights with SAF by 2030.โ
Jonathan Wood, Nesteโs vice president Europe, Renewable Aviation said:
โWeโre excited to support Ryanair work towards its decarbonisation goals by supplying our Neste MY Sustainable Aviation Fuelโข. SAF is a key element in achieving aviationโs emission reduction goals. The aviation sector is now at a tipping point as demand increases, and policy proposals are on the table in the EU and UK to promote demand and supply of SAF. Neste is leading the transformation to SAF and investing as we speak to increase global SAF production capacity to 1.5 million tons per annum 2023. It is great to see Ryanair as the first short haul carrier take our SAF at Amsterdam Airport Schiphol and we look forward to our joint journey towards a more sustainable future.โ
Ryanair Holdings plc released March traffic statistics as follows:
ย
MAR 2021
MAR 2022
TRAFFIC
0.5m
11.2m2
L. FACTOR
77%
87%
Ryanair operated over 67,800 flights in March with an 87% load factor.
Rolling Annual
ย
TRAFFIC
27.5m
97.1m
L. FACTOR
71%
82%
PRIOR MONTHS
GUESTS
LOAD FACTOR
October
11.3m
84%
November
10.2m
86%
December
9.5m1
81%
January
7.0m1
79%
February
8.7m1
86%
March
11.2m2
87%
1ย Dec, Jan & Feb traffic was badly affected by Omicron restrictions.
2ย Mar traffic was impacted by the Russian invasion of Ukraine which caused 2,000 flights to/from Ukraine to be cancelled in March due to airspace closures.
In other news, the company updated its guidance going forward:
Ryanair Holdings plc briefed the market that it expects to report a pre-exceptional FY22 (yr. ending on March 31, 2022) net loss of between -โฌ350m and -โฌ400m (previously guided range of -โฌ250m to -โฌ450m).ย The Ryanair Groupโs full-year traffic recovered strongly to over 97m (27.5m in FY21, but below pre-Covid traffic of 149m).
Ryanairโs balance sheet is one of the strongest in our sector with a BBB (stable) credit rating (S&P and Fitch).ย Year end (March 31) net debt dropped to โฌ1.5 bn (prior year โฌ2.3 bn), and c.90% of the Groupโs fleet of B737 aircraft are unencumbered.
Since our last market update on 31 Jan., Ryanair has increased FY23 (yr. ending on March 31, 2023) fuel hedging to 80% cover (c.65% jet swaps at $630 and 15% caps at $775 per metric ton).ย Almost 10% of Ryanairโs H1 FY24 fuel requirements are hedged at $760 (via jet swaps).
As this is a closed period, the Ryanair Groupโs next market update will be on May 16 when we release FY22 results.
Top Copyright Photo: Ryanair (Malta Air) Boeing 737-8 (200) MAX 8 9H-VUW (msn 62338) BFI (Brian Worthington). Image: 957225.
Ryanair has announced flights from London Stansted to Rovaniemi โ Lapland next winter.
The airline will operate four weekly flights from November 3, 2022
Located in Finlandโs northernmost region, Lapland is a stunning location filled with magical experiences that kids (big and small) will never forget. Experience a sleigh ride with a real-life reindeer, swap dog walking for husky sledding, stay in a cosy log cabin, see the Northern Lights and last but not least, meet the main man himself together with his team of elves and reindeer.
Ryanair has announced aย new base at Newcastle, with two based aircraft, representing an investment of $200m and 60 new direct jobs, alongside the launch of the Newcastle biggest ever schedule including 19 total routes, of which 10 new exciting summer routes to the likes of Gran Canaria, Ibiza, and Paphos. Ryanair will operate over 130 weekly flights for Summer 2022 (over 40 more than pre-pandemic Summer 2019) to give Newcastleโs holiday makers an abundance of choice to top European destinations in Italy, Spain and England whilst also giving UK tourism a much-needed boost after two lost Summers.
Ryanair has announced its decarbonization strategy โ Pathway to Net Zero.ย Developed to reduce its carbon emissions and the impact of its operations on the environment, this strategy outlines four core strategic pillars underpinning the airlineโs ambitious goal of net carbon zero by 2050:
34% decarbonization through the increased use of sustainable aviation fuels (SAF)
32% decarbonization through technological & operational improvements
24% decarbonization through offsetting & other economic measures
10% decarbonization through the introduction of better Air Traffic Management
With more than 1/3 of its decarbonization to come from the increased use of SAF, Ryanair is working with the EU and fuel suppliers to accelerate supply of SAF. As part of this, Ryanair established the Ryanair Sustainable Aviation Research Centreย in partnership with Trinity College Dublin. This partnership will deliver research in SAF, Zero Carbon Aircraft Propulsion Systems and Noise Mapping.
Ryanair will continue to invest in new technology, aircraft, as underpinned by its $22bn commitment to purchase 210 Boeing 737-8200 โGamechangerโ aircraft. To date the airline has taken delivery of 55 โGamechangerโ aircraft, which carry 4% more passengers, reduces fuel consumption & CO2 by 16% and lowers noise emissions by 40%.
The final leg of Ryanairโsย Pathway to Net Zero will come from a combination of offsetting measures, through carbon capture offset projects and the support of key govt policies and reforms, such as the introduction of the Single European Sky ATM Research (SESAR) initiative. If successfully introduced by the European Commission, the SESAR would deliver a standardized and more efficient air traffic management process, delivering a significant & immediate 10% reduction in European aviation carbon emissions.
Ryanair hasย announced that it has been forced to cut its aircraft based in Lisbon from 7 to 4 for the summer 2022 season, causing the cancellation of 5,000 flights, 900,000 passengers, and 19 Lisbon routes for Summer 2022 due to TAPโs continued blocking of landing slots, which TAP cannot and will not use at Lisbon Portela this summer. These cancellations reduce travel options for citizens/visitors, but also results in the loss of 150 highly paid aviation jobs in Lisbon.
These avoidable cancellations come after multiple attempts by Ryanair to request the Portuguese Govt to intervene to release these unused TAP S22 slots. While Ryanair delivers growth and investment in Portugal, TAP has soaked up โฌ3bn in State aid, cut its fleet by 20%, cut thousands of jobs but released less than 5% of its slots in Lisbon, thereby blocking growth of other airlines. Preventing competitors like Ryanair from using these unused slots negatively impacts the Lisbon economy, with 5,000 cancelled flights (over 950,000 fewer seats), 3 fewer based aircraft (a $300m investment), the loss of 150 highly paid aviation jobs and over โฌ250m in lost tourism revenue for Lisbon this summer.
Ryanair confirmed that these 3 aircraft and these lost 19 routes will return to Lisbon in Oct 2022 for Ryanairโs Winter schedule, since the airline already has sufficient winter slots in Lisbon for these flights.
19 LOST ROUTES IN LISBON FOR S22
Agadir Alghero Alicante Bari Billund Birmingham
Bournemouth Baden-Baden Lanzarote Madrid Malta Memmingen
Ryanair, despite the war in Europe and rising fuel prices, has announced its largest ever Summer schedule from its three London airports (Gatwick, Luton, and Stansted) with 14 new routes (181 total) to exciting destinations across Europe, including Naples, Madeira, and Stockholm. With over 100 based aircraft for Summer 2022, Ryanairโs total investment in the UK amounts to over $10 billion.
Ryanairโs Michael OโLeary said:
โWe are pleased to announce 14 new routes from our three London airports, Stansted, Luton and Gatwick, as all Covid-19 travel restrictions have now been lifted, UK citizens and visitors can book a well-deserved Summer getaway to exciting destinations such as Helsinki, Madeira and Naples. Ryanair is driving Londonโs post Covid recovery as we grow across Europe, with new aircraft and new routes.
Despite launching our biggest ever schedule, the UK Govt failed to support this recovery by delaying the reduction in APD until 2023. Ryanair again calls on the UK Govt to scrap APD completely, to allow airlines and airports to quickly restore traffic, jobs, and tourism. The 50% reduction proposed for 2023 is too little, too late as APD puts UK airports at a severe cost disadvantage versus European competitors, and the absence of Govt support for aviation and tourism recovery creates further barriers to UK traffic and growth.
ย To allow our customers and visitors to/from London to book their Summer getaway at the lowest fares,ย we are launching a 3-day seat sale with fares available from just ยฃ19,99 one way for travel until October 2022, which must be booked by Friday the 4thย of March. Since these super low fares will be snapped up quickly, customers should log onto http://www.ryanair.com to avoid missing out.โ
With summer just around the corner and that long-awaited sunny holiday now top of mind, Ryanair has revealed its top holiday destinations for summer 2022:
Lanzarote:ย always a popular choice, Lanzarote continues to welcome flocks of UK holidaymakers year after year. Enjoy its golden sand beaches, crystal clear waters, authentic Spanish tapas while taking in its unique volcanic landscape โ the views are as breath-taking as it sounds!
Tenerife:ย the largest of the Canary Islands famed for its diversity of landscape and great weather all year round. The island has many natural wonders and traditional towns full of culture to explore this summer.ย ย
Fuerteventura: a famous holiday destination boasting white sandy beaches interrupted by cliffs and sheltered coves. A popular spot for adventure-filled tourists to enjoy water sports from surfing, windsurfing and water skiing.
Gran Canaria:ย a hikerโs paradise! This diverse, mountainous island is known for its black lava and white sand beaches. Culture vultures are equally catered for in the ancient capital of Las Palmas, with its historic architecture, enviable shopping and foodie options. A unique destination that has something for everyone and perfect for family and friends to enjoy a well-deserved break away this year.
Santorini:ย arguably the most beautiful of all the Greek islands, Santoriniโs stunning caldera poses as the ultimate centerpiece, offering the most amazing views of rugged landscapes and the whitewashed cubiform houses overlooking the sea and beaches consisting of black, red and white lava pebbles. With some of the most mesmerising sunrises and sunsets, Santorini is well known for being an island of romance โ the perfect holiday destination for couples.
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