Tag Archives: Boeing 737-8AS WL

Ryanair to cut Dublin based fleet by 20% from 30 to 24 aircraft for Winter 2018

Ryanair Boeing 737-8AS WL EI-FRL (msn 44741) TLS (Paul Bannwarth). Image: 940739.

Ryanair’s Board on July 25 approved a plan to cut its Dublin based fleet from 30 to (at most) 24 aircraft for the winter 2018 season.

These reductions have been driven by the rapid growth of Ryanair’s Polish charter airline, which is growing profitably in 2018, allied to a down turn in forward bookings and airfares in Ireland partly as a result of recent rolling strikes by Irish pilots, which has had a negative effect on (close-in) high fare bookings and forward air fares as consumer confidence in the reliability of our Irish flight schedules has been disturbed.

Ryanair’s Polish airline, Ryanair Sun, will now offer over 10 aircraft to Polish tour operators, more than double the 5 aircraft offered in Summer 2018. We expect few route closures from Dublin, although some routes may suffer frequency reductions.

In the light of these Dublin base cuts, Ryanair has today issued letters of (90 days) protective notice to over 100 pilots and over 200 cabin crew employees, whose services may not be required from October 28, 2018 onwards, due to this 20% reduction in the Dublin fleet this winter.

Ryanair will now begin the consultations with its people on redundancy, which, if redundancies are necessary, will be determined by Ryanair’s assessment of flight performance, productivity, attendances, and base transfer requests. Ryanair will be offering transfers to Poland (and possibly some other bases) to these Dublin based pilots and cabin crew employees for Winter 2018 in order to minimise any redundancies.

Ryanair’s COO Peter Bellew said:

“We regret these base aircraft reductions at Dublin for Winter 2018, but the Board has decided to allocate more aircraft to those markets where we are enjoying strong growth (such as Poland), and this will result in some aircraft reductions and job cuts in country markets where business has weakened, or forward bookings are being damaged by rolling strikes by Irish pilots. Ryanair operates a fleet of over 450 aircraft from 87 bases across Europe. We can only do so if we continue to offer low fares, reliable flight services to our customers, and if our reputation for reliability or forward bookings is affected, then base and potential job cuts such as these at Dublin are a deeply regretted consequence”.

Top Copyright Photo (all others by Ryanair): Ryanair Boeing 737-8AS WL EI-FRL (msn 44741) TLS (Paul Bannwarth). Image: 940739.

Ryanair aircraft slide show:

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Ryanair cancels 30 Irish flights due to a strike by some of its pilots

Ryanair take delivery of its 450th Boeing 737-800

Ryanair today, July 12, 2018, was forced to cancel 30 of its 290 Irish flights due to a strike by its pilots.

The airline issued this statement:

We regret to advise some Irish customers of a strike by just 94 (27%) of our 350+ Irish pilots on Thursday,  July 12, 2018.

We have tried to avert this disruption, which is unnecessary given Ryanair pilots’ and their union FORSA has received written proposals on seniority, annual leave and base transfers, which are what FORSA claims are the reasons for this strike, yet FORSA has rejected 21 separate invitations to meet Ryanair to negotiate these documents.

Ryanair pilots have already secured a 20% pay increase, earn up to €200,000 p.a., work 5 days-on, followed by 4 days-off (a double bank holiday weekend at the end of every week), enjoy rapid promotions and unmatched job security. In a final effort to avert this strike, we have agreed to meet our pilots and FORSA at a neutral venue kindly provided by Dublin Airport, but we believe this small group of pilots and FORSA are determined to disrupt the travel of Irish customers on July 12.

We cannot rule out further disruptions in July and August, especially when some Aer Lingus pilots wrote officially to the DAA on June 25 – some 10 days before the results of the Ryanair pilot ballot were known – to advise that they were “contemplating a series of 1 and 2 days strikes in July and August”. It is unacceptable that competitor airline pilots are actively organising strikes by Ryanair’s pilots when these airlines will be the direct beneficiaries of any such disruption.

Ryanair has for 30 years pioneered low fare air travel, both in Ireland and Europe. In December 2017, we agreed to recognise unions for our pilots and cabin crew, and we have already signed recognition agreements with UK and Italian pilot and cabin crew unions, which shows how serious we are about dealing with unions. We have not made similar progress in Ireland (or Germany), where we see competitor airline pilots actively interfering by promoting strikes and flight disruptions during the peak period of July and August. These coordinated strike threats are designed to cause unnecessary disruption to customers and damage Ryanair’s low fare model, for the benefit of high fare competitor airlines in Ireland and Germany.

1. Despite offering to meet our pilots and the FORSA union at a neutral venue on Wed at 10am, the union has confirmed again today that they expect Thursdays strike by 27% of our Irish pilots to go ahead. We regrettably must plan for some disruptions on Thurs, and try to minimise their impact, especially upon Irish customers and their families travelling on holidays to Portugal, France, Spain, Italy and Greece. We will do this by cancelling a number of flights on high frequency routes from Ireland to London and other UK Province destinations where customers can transfer readily to other flights on Thurs or switch their travel to earlier flights tomorrow (Wed) or later on Fri, Sat or subsequent days.

2. We have this morning planned to cancel up to 30 of our 290 flights to and from Irish airports on Thurs 12th. All customers on these flights have received text and email notification of these cancellations earlier today and our Customer Service teams are assisting them with refunds, free transfers to alternative flights on Thurs, or Wed, Fri and Sat. For customers travelling to the UK we will also be assisting them with alternative transport on comparable operators (both flights & ferries) where there is some limited space available.

3. Customers who are travelling on a Ryanair flight to/from Ireland on Thursday, July 12 and who have not already received an email or text notification, then we expect their flight to operate and they should check in as normal at their departure airport on Thursday July 12.

4. We apologise to our Irish customers for these regrettable disruptions which we have done our utmost to avoid.

In addition, the company made this announcement on social media:

ATC Update – French, German, Spanish and UK ATC staff shortages have caused delays to 91 (21%) of our 436 first wave of flight departures this morning. We sincerely regret these unjustified delays and are doing our utmost to limit their impact on flights throughout the rest of today. Customers on impacted flights have been notified by SMS text and email.

Top Copyright Photo: Ryanair Boeing 737-8AS WL EI-FZF (msn 44779) DUB (Michael Kelly). Image: 937323.

Ryanair aircraft slide show:

Video:

Ryanair: Air Traffic Control (ATC) strikes are destroying air traffic and economies across Europe

Promoting the island of Lanzarote

Ryanair has made this dire statement about the on-going ATC strikes in Europe:

An alarming increase in Air Traffic Control (ATC) strikes across Europe has wreaked havoc on airlines, their passengers and business. 2018 is shaping up to be one of the worst years ever for ATC strikes in Europe. Year-to-date, A4E member airlines have been forced to cancel nearly 5,000 flights as a result of the strikes, directly impacting around 784,000 passengers across Europe. In addition, millions of travellers have been affected by flight delays caused by airspace diversions and residual backups.

According to Eurocontrol, 39,000 flights – around 30 per cent of the total en-route delays in May- were delayed due to ATC strikes.  In addition, Eurocontrol projects total delay minutes for 2018 will be up by 53 per cent compared to 2017 as a result of strikes and capacity shortages (14.3 million in 2018 versus 9.3 million minutes in 2017).

ATC strikes have a costly impact on customers, European economies and the environment. They breach the principle of allowing people and goods to move freely across Europe, because:

 

  1. Customers’ journeys and supply chains are severely disrupted.
  2. Diversions to avoid closed air space result in much longer flights and burn more fuel, resulting in higher CO2 emissions.
  3. Tourism is most affected due to cancelled flights to prime holiday destinations, putting small and medium size businesses at risk.
  4. Airlines have to pay passengers compensation for the delays and rebook them on other flights, significantly disrupting customers’ travel plans and the airlines’ operations. Airlines don’t have the right to recover these costs from the ATC providers who have caused them.

PriceWaterhouseCoopers (PwC) showed that the economic cost of ATC strikes in the EU between 2010-2017 was €13.4 billion*. Last summer, the European Commission said that since 2005 there have been around 357 air traffic control strikes in the EU, 254 of which have occurred in France (*).

Willie Walsh, IAG’s chief executive, said: “IAG and Ryanair are planning to submit a complaint to the European Commission as ATC strikes represent the biggest challenge for our industry. They are destroying European air traffic and having a huge impact on consumers. It’s a really frustrating cause of disruption that affects all airlines but in particular has a significant negative impact on Spain’s tourism and economy. Continuous strikes by ATC staff in Marseille have a disproportionate impact on those airlines flying from Barcelona because they control flights over most of the Mediterranean airspace. For Vueling this means that 50 per cent of its flights are affected. The EU must act now to protect the rights of the consumers and prevent long term damage to European economies”.

Michael O’Leary, Ryanair’s chief executive, said: “These disruptions are unacceptable, and we call on the Governments, and the EU Commission to take urgent and decisive action to ensure that ATC providers are fully staffed and that overflights are not affected when national strikes take place, as they repeatedly do in France.

“Europe’s ATC providers are approaching the point of meltdown with hundreds of flights being cancelled daily either because of ATC strikes or because Europe’s ATC don’t have enough staff. The situation is particularly acute at weekends where British and German ATC providers are hiding behind adverse weather and euphemisms such as “capacity restrictions” when the truth is they are not rostering enough ATC staff to cater for the number of flights that are scheduled to operate.

“Urgent action must now be taken by the UK and German Governments, and the EU Commission, otherwise thousands more flights and millions of passengers will be disrupted, particularly in the peak months of July and August, unless this ATC staffing crisis is addressed”.

In response to the continued ATC strike disruptions, A4E has proposed a mandatory 72-hour individual notification period for employees wishing to strike, protection of overflights while ensuring it does not come to the detriment of local services, and a guarantee on minimum services to be provided.

IAG and Ryanair’s complaint will argue that by not adequately protecting flights over France, EU law is infringed.

“We have been working constructively and quite intensively over the last several months with French government officials and Parliamentarians to establish a stable and long-term solution to these disruptions. In this context, we urge the French government to take decisive action to resolve this issue on behalf of all our passengers, ahead of this summer’s busy travel season”, said Thomas Reynaert, Managing Director, A4E.

Consumers can also demand swifter action by EU politicians by signing A4E’s online petition:  www.keepeuropesskiesopen.com. The petition will be presented to the relevant authorities in Brussels and EU capitals by the end of 2018.

Link to PriceWaterhouseCoopers Study on the Economic Impact of ATC Strikes in the EU: https://a4e.eu/wp-content/uploads/2016/10/A4E-Economic-Impact-ATC-Strikes-Final-Report_160929-vf.pdf

Link to commission des finances du Sénat’s report.

ATC Update for today:

ATC Update – German ATC staff shortages have caused delays to 48 (11%) of our 435 first wave of flight departures this morning. Thunderstorms have also caused delays in Portugal. We sincerely regret these delays and are doing our utmost to limit their impact on flights throughout the rest of today. Customers on impacted flights have been notified by SMS text and email.

Copyright Photo: Ryanair Boeing 737-8AS WL EI-FIT (msn 44703) (Lanzarote – A Unique Island) LIS (Ton Jochems). Image: 940738.

Ryanair aircraft slide show:

 

Ryanair to open a new Southend base in the summer of 2019

Ryanair Boeing 737-8AS WL EI-FIM (msn 61576) BUD (Tony Storck). Image: 940737.

Ryanair on June 13 announced it will open a new base at London Southend Airport, from April 2019, with three based Boeing 737-800 aircraft and 13 new routes to 8 countries, including Alicante (5 weekly), Barcelona Reus (twice-weekly), Bilbao (4 weekly), Brest (twice-weekly), Corfu (twice-weekly), Cluj (3 weekly), Dublin (twice-daily), Faro (5 weekly), Kosice (3 weekly), Malaga (5 weekly), Milan Bergamo (4 weekly), Palma de Mallorca (4 weekly) and Venice (4 weekly), which will deliver 1 million guests annually at London Southend Airport.

Top Copyright Photo: Ryanair Boeing 737-8AS WL EI-FIM (msn 61576) BUD (Tony Storck). Image: 940737.

Ryanair aircraft slide show:

 

 

Ryanair, ANPAC and ANPAV sign first recognition agreement for Italian Based Cabin Crew

Ryanair Boeing 737-8AS WL EI-EBY (msn 35006) TLS (Paul Bannwarth). Image: 940736.

Ryanair on June 6 confirmed that it has signed its first cabin crew union recognition agreement with ANPAC and ANPAV, who will be the representative body for Ryanair directly employed cabin crew in Italy. This agreement follows extensive negotiations with ANPAC and ANPAV since Ryanair’s December 2017 announcement that it was willing to recognise Unions for collective bargaining purposes.

Ryanair welcomed the constructive engagement of ANPAC and ANPAV which led to the signing of this first cabin crew recognition agreement, in Italy, which currently accounts for over 80 of Ryanair’s 400+ aircraft fleet and approx. 20% of Ryanair’s cabin crew. Ryanair looks forward to working with ANPAC and ANPAV and its newly elected Ryanair (Cabin Crew) Company Council to conclude an early CLA for our directly employed cabin crew based in Italy.

Ryanair’s Chief People Officer Eddie Wilson said:

“We are pleased to announce this recognition agreement with ANPAC and ANPAV on behalf of our directly employed cabin crew in Italy. This is our first cabin crew union recognition agreement (which follows recognition agreements with pilot unions in the UK and Italy earlier this year) and further demonstrates Ryanair’s progress on  recognising and negotiating with unions across Europe for our people. We are making good progress with other cabin crew unions across Europe and we hope to sign more recognition agreements with both pilot and cabin crew unions in the coming weeks.”

Copyright Photo: Ryanair Boeing 737-8AS WL EI-EBY (msn 35006) TLS (Paul Bannwarth). Image: 940736.

Ryanair aircraft slide show:

Ryanair full year fiscal profit rises 10% to €1.45 billion, starts Liverpool – Shannon flights

"Vitoria - The Basque Connection"

Ryanair announced its financial results for the past fiscal year:

Ryanair on May 21, 2018 reported a 10% increase in full year profit after tax to €1.45 billion, as lower fares (down 3%) stimulated 9% traffic growth to over 130 million guests, and an industry leading 95% load factor.

Year End 31 Mar Results (IFRS) Mar 31, 2017 Mar 31, 2018 % Change
 Guests (m) 120.0 130.3 +9%
 Revenue (m) €6,648 €7,151 +8%
 Profit after Tax (m) €1,316 €1,450 +10%
 Net Margin 20% 20%
 Basic EPS €1.053 €1.215 +15%

     

Ryanair’s CEO Michael O’Leary said:

 “We are pleased to report a 10% increase in profits, with an unchanged net margin of 20%, despite a 3% cut in air fares, during a year of overcapacity in Europe, leading to a weaker fare environment, rising fuel prices, and the recovery from our Sept. 2017 rostering management failure. Highlights of the last year include:

– Traffic grew 9% to over 130m, despite grounding 25 winter aircraft

– Average fare fell 3% to just €39.40

– Unit costs were cut by 1% (ex-fuel they rose +3%)

– Ryanair Labs stimulated record ancillary spend (+4% per guest)

– We took delivery of 50 B737 aircraft, bringing the fleet to 430 units

– We created 1,500 new jobs, and over 600 promotions

– New 5 year pay deals were concluded with most of our pilots and cabin crew

– Over €800m was returned to shareholders via buybacks

– We recovered quickly from the Sept. 2017 pilot rostering failure

 

Sales:
Average fares last year declined by 3%, which was good news for our guests but bad news for competitors. Traffic grew 9% to over 130m with Germany, Italy and Spain being our 3 largest growth markets. We expect above average EU capacity growth to continue into FY19, which will have a downward effect on fares. This may be partly ameliorated by the switch of some charter capacity back to previously security challenged markets such as Turkey and Egypt. We expect later in the year, some upward pressure on pricing as significantly higher oil prices impact margins, especially those EU airlines who continue to expand despite having no prospect of achieving profitability. Ryanair will continue to pursue our load factor active/yield passive strategy. No other EU airline can compete with Ryanair’s prices.

During FY18 we took delivery of 50 new B737’s, and increased our Boeing order to 135 firm MAX-200 Gamechangers, with a further 75 under option (210 in total). We opened 4 bases in Burgas, Memmingen, Naples & Poznan and launched over 260 new routes. This summer, we have announced over 200 new routes including markets in Jordan, Turkey and the Ukraine. We continue to grow strongly in Germany, Italy and the UK, and our Polish charter airline, Ryanair Sun, operated its first flights in April 2018.

Ancillaries, Labs & Customer Service:

Ryanair Labs continues to deliver improvements in Customer Service, mobile & digital platforms, and our ancillary sales conversions. Labs has established 3 development offices in Dublin, Wroclaw, and Madrid, and employs almost 600 highly skilled digital professionals.

“MyRyanair” membership has grown to 43m, while our website & app has over 1 billion visits p.a. Our improved mobile and digital platforms have delivered a 13% increase in ancillary revenues (+4% per guest) to over €2bn. Ancillaries now deliver 28% of revenue and we are well on track to achieve our 5 year goal of 30%. More guests are switching to our great value “plus” fares, reserved seating, priority boarding, and car hire. Ryanair Rooms penetration is rising steadily, albeit from a low base, as our guests recognise our unique combination of lowest hotel prices and travel credits.

In the area of Customer Service, we have lowered our checked bag fees while increasing the bag allowance (to 20kg). Our amended 2 cabin bag policy (1 of which goes in the hold f.o.c. for non-priority guests) has improved boarding and punctuality, and we are expanding our offers in areas such as FastTrack, and ground transport connections. In March we launched our new environmental policy, which commits Ryanair to a series of industry leading environmental targets, including moving to “plastic free” within 5 years, while allowing our guests to contribute voluntarily to our carbon offset programme, the proceeds of which will be applied to support selected environmental projects.

Over the last year our on-time performance has declined by 2% from 88% to 86%. All of this decline was accounted for by increased ATC delays due to strikes and staffing/capacity shortages mainly in France, Germany and Italy. The delivery of ATC services in Europe is lamentable and creating unacceptable delays for our customers. Punctuality in Q4 was negatively impacted by unusually adverse weather conditions, which led to multiple airport snow closures at key bases including Dublin and Stansted for a number of days in late February/early March. We are working hard to increase staffing at our larger bases, re-designing boarding procedures, and providing additional spare aircraft in S.18 to improve our punctuality to our 90% target, which is a key AGB target for the coming year.

Costs:

Ryanair enjoys a significant cost advantage over all other EU airlines, and we expect this leadership to continue. In FY18, unit costs – helped by our fuel hedging – fell 1%. Even as traffic grew 9%, ex-fuel unit costs rose 3% mainly due to one-off EU261 costs arising from our Sept. 2017 cancellations, and higher H2 staff costs as we agreed substantial pay increases and 5 year pay deals with our pilots and cabin crew. We expect the market for experienced pilots in Europe to remain tight for the next 12 months, and accordingly, this will continue to put upward pressure on staff costs for all EU airlines.

In FY19 we will invest substantially in our people, our systems, and our business as we scale up the operation to take delivery of 210 Boeing Gamechangeraircraft over the next 6 years. This will lead to a modest increase in ex-fuel unit costs next year but will underpin our growth to almost 600 aircraft and 200m guests p.a. by FY24. We expect staff costs to rise by almost €200m, half of which is higher pay for our front line people and half is additional headcount for growth.

Fuel will be a major cost headwind for the next 24 months. We are currently 90% hedged for FY19 at approx. $58pbl, which is well below current spot prices of almost $80pbl. While US Shale production remains strong, world demand for oil is growing, and a number of short term political factors in Venezuela, Libya and Iran, suggests that prices will continue to be elevated for the coming year. Air fares tend to follow oil prices (as they have downwards over the last 3 years) but with a lag of up to 12 months before higher oil prices feed through to higher air fares. Accordingly, we expect unit costs over the next year to rise by 9% (ex-fuel they will increase by 6%). Thereafter, we expect the impact of the lower seat cost Boeing 737-MAX aircraft, our new lower cost 10 year engine maintenance agreement, as well as airport growth opportunities and the disposal of older aircraft, to deliver flat or slightly declining non-fuel unit costs.

Labour Cost:

While we have made a promising start in negotiations with pilot unions, including signed recognition agreements with BALPA (UK) and ANPAC (Italy), we are also making considerable progress with our cabin crew negotiations, most notably in the UK and Spain. We suffered a 1 day pilot strike in Germany (Dec. 2017), and 3 days of cabin crew strikes in Portugal (in March/April), but in all cases, the majority of our people continued to work normally so these strikes had minimal impact on our operations. Our combination of higher pay, improved rosters, and unmatched job security will, we believe, continue to make Ryanair an employer of choice in the EU airline sector. We’re welcoming hundreds of new pilots and cabin crew to Ryanair this year, including many joiners from bankrupt airlines such as Monarch and Air Berlin among others. We will continue to deal openly and fairly with our people and their unions, but we will not make concessions on pay or productivity which threatens either our low cost model or our cost leadership in Europe.

Consolidation:

The industry in Europe continues to consolidate into 5 large airline groups. In the last year, Monarch went bust, Lufthansa acquired Air Berlin, and more recently IAG made an offer to acquire loss making Norwegian. During the period, Ryanair established a Polish charter airline, Ryanair Sun, which started flying in April and looks set to trade profitably in its first 12 months of operation. In April, we acquired 24.9% of LaudaMotion, and are working to increase that stake to 75% (subject to EU merger approval) so that we can work with Niki Lauda and his team to re-launch LaudaMotion as Austria’s No.1 low fares airline, serving markets from Austria and Germany to sun destinations primarily in Spain. LaudaMotion is an attractive opportunity as it is an Airbus operator, and we are looking for opportunities to grow its Airbus fleet to 30-50 aircraft over the next 5 years. LaudaMotion has a valuable portfolio of slots at many congested airports in Germany, Vienna, and Palma de Mallorca.  We believe that by investing in these separate airlines, we can build a substantial and profitable group of EU airlines under the Ryanair Holdings banner over the next 3 years, when it is likely that further M&A opportunities will arise. LaudaMotion will require almost €100m in start-up costs, and operating losses over the next 2 years in large measure due to expensive aircraft leases from Lufthansa. Once these leases expire, we expect LaudaMotion to be modestly profitable and self-sustaining as it grows its low fare offerings in Germany and Austria.

Brexit:

We remain concerned at the likely impact of a hard Brexit. While there is a general belief that an 18 month transition agreement from March 2019 to December 2020 will be implemented and further extended, it is in the best interest of our shareholders that we continue to plan for a hard Brexit in March 2019. In these circumstances, it is likely that our UK shareholders will be treated as non-EU and this could potentially affect Ryanair’s licencing and flight rights. Accordingly, in line with our Articles, we intend to restrict the voting rights of all non-EU shareholders in the event of a hard Brexit, so that we can ensure that Ryanair is majority owned and controlled by EU shareholders at all times to comply with our licences. This would result in non-EU shareholders not being able to vote on shareholder resolutions. In the meantime, we have applied for a UK AOC which we hope to receive before the end of 2018.

Balance Sheet & Cash:

Ryanair’s balance sheet remains one of the strongest in the industry. At year end, our balance sheet included 400 owned B737 aircraft, all of which were added at their net purchase price, which is a significant discount to their current market value. Ryanair continues to generate significant cash flows. In the past year, we generated over €2bn cash from operations. Despite capex of €1.5bn, and share buybacks of over €800m, year-end net debt at March 2018 was broadly flat at €283m. In Feb., the Board approved another €750m share buyback, which we expect to complete at the end of Oct. 2018. Including this buyback, Ryanair will have returned over €6bn to our shareholders since 2008. The success of our share buyback programme is demonstrated by our 15% EPS growth in FY18 at a time when profits rose 10%.

Outlook & Guidance

Our Outlook for FY19 is on the pessimistic side of cautious. We expect to grow traffic by 7% to 139m, at flat load factors of 95%. Unit costs this year will rise 9% due to higher staff and oil prices which will, when adjusted for volume growth, add more than €400m to our fuel bill. Ex-fuel unit cost will rise by up to 6% as we annualise pilot and cabin crew pay increases, and invest in our business and our systems to facilitate a 6 year growth plan to 600 aircraft and 200m guests p.a.

We have limited H1 and zero H2 fare visibility. Forward bookings are strong but pricing remains soft. Since only half of Easter fell in April, we expect a 5% fare decline in Q1 but a 4% rise in Q2 fares. While still too early to accurately forecast close-in summer bookings or H2 fares, we are cautiously guiding broadly flat average fares for FY19. Ancillary revenues will grow as penetration of customer services continues to rise. We do not expect ancillary revenue growth to fully offset higher costs and lower fares, and so we expect FY19 profits will fall to a range of €1.25bn to €1.35bn. This guidance is heavily dependent on H2 fares, a “normal” level of ATC disruptions for S.18, the absence of unforeseen security events, and no negative Brexit developments during this period.

We have not included our investment in LaudaMotion in the above outlook as any increase to a 75% share ownership remains subject to EU Competition approval. We expect approx. €100m of start-up costs, and operating losses for LaudaMotion if and or/when our proposal to take majority ownership receives regulatory approval.”

In other news, Ryanair on May 21 celebrated its new Liverpool to Shannon service, which will operate 3 times weekly as part of its Summer 2018 schedule.

Photo: Ryanair.

This is Ryanair’s 4th Irish service from Liverpool, in addition to Dublin (4 daily), Cork (4 weekly) and Knock (5 weekly).

Top Copyright Photo: Ryanair Boeing 737-8AS WL EI-EVY (msn 40319) (Vitoria – The Basque Connection) AMS (Ton Jochems). Image: 941989.

Ryanair aircraft slide show:

Ryanair to open a new Düsseldorf base, its 86th

Ryanair Boeing 737-8AS WL EI-DPB (msn 33603) TLS (Paul Bannwarth). Image: 940735.

Ryanair has announced that it will open a new base at Düsseldorf Airport from June, its 11th base in Germany and 86th in Europe, with 1 based aircraft, as it launched two new summer routes to Alicante and Malaga. These new Ryanair routes are in addition to the daily service to Palma de Mallorca which was announced earlier this year and the 12 routes operated on behalf of LaudaMotion.

 

 

Copyright Photo: Ryanair Boeing 737-8AS WL EI-DPB (msn 33603) TLS (Paul Bannwarth). Image: 940735.

Ryanair aircraft slide show: