Tag Archives: Ryanair (Malta Air)

Ryanair reports a rise in traffic in March, updates its guidance going forward

Ryanair (Malta Air) Boeing 737-8 (200) MAX 8 9H-VUW (msn 62338) BFI (Brian Worthington). Image: 957225.

Ryanair Holdings plc released March traffic statistics as follows:

  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  
TRAFFIC 27.5m 97.1m
L. FACTOR 71% 82%
October 11.3m 84%
November 10.2m 86%
December 9.5m1 81%
January 7.0m1 79%
February 8.7m1 86%
March 11.2m2 87%

Dec, Jan & Feb traffic was badly affected by Omicron restrictions.

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 -€350m and -€400m (previously guided range of -€250m to -€450m).  The Ryanair Group’s full-year traffic recovered strongly to over 97m (27.5m in FY21, but below pre-Covid traffic of 149m).

Ryanair’s balance sheet is one of the strongest in our sector with a BBB (stable) credit rating (S&P and Fitch).  Year end (March 31) net debt dropped to €1.5 bn (prior year €2.3 bn), and c.90% of the Group’s 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).  Almost 10% of Ryanair’s H1 FY24 fuel requirements are hedged at $760 (via jet swaps).

As this is a closed period, the Ryanair Group’s 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 (Malta Air) aircraft slide show:

Ryanair (Malta Air) aircraft photo gallery:

Ryanair launches 160 UK routes for Summer 2022

Ryanair (Malta Air) Boeing 737-8AS WL 9H-QCP (EI-FRJ) (msn 44734) PMI (Javier Rodriguez). Image: 951046.

Ryanair has announced the early release of its Summer 2022 schedule for the UK, which includes over 1,800 departing flights per week across 160 routes to its most popular destinations, with further routes to be announced in the coming months. All routes can be booked as far out as October 2022.

Popular summer destinations such as Faro, Fuerteventura, Ibiza, Lanzarote, Marseille and Malta are all on the list for Summer 2022. In addition, eager city breakers can plan their trip to the likes of Budapest, Copenhagen, Lisbon, Rome plus many more.

Overall the airlines has also announced the early release of its Summer 2022 schedule, which includes over 10,000 flights per week across 500 routes to its most popular destinations, with further routes to be announced in the coming months. All routes can be booked as far out as October 2022.

Popular summer destinations such as Barcelona, Ibiza, Lanzarote, Lisbon, Malta, the Greek islands and Naples are all on the list for Summer 2022. In addition, excited city breakers can plan their trip to the likes of Berlin, Krakow, Venice, Rome and Seville plus many more.

Top Copyright Photo: Ryanair (Malta Air) Boeing 737-8AS WL 9H-QCP (EI-FRJ) (msn 44734) PMI (Javier Rodriguez). Image: 951046.

Ryanair (Malta Air) aircraft slide show:

Ryanair reports 3Q results, Lauda underperforms, Buzz to grow to 50 aircraft, Malta Air to grow to 120 aircraft

Ryanair issued this financial report:

Ryanair Holdings plc reported a fiscal third quarter profit of €88m, compared to a €66m loss in the same quarter last year. Highlights include:


  • Traffic grew 6% to 36m guests.
  • Revenue per guest rose 13% (9% higher fares; ancillary rev. up 21%).
  • Over 90% of flights arrived on-time (excl. ATC delays).
  • 111 new routes announced for S.20.
  • Director of Sustainability appointed to drive our Environmental Policy.
  • Over €440m returned to shareholders under €700m buyback programme.


Q3 (IFRS) – Group 31 Dec. 2018 31 Dec. 2019 Change
Guests 33.8m 35.9m +6%
Load Factor 95% 96% +1pt
Revenue €1.58bn €1.91bn +21%
(Net loss)/PAT (€66m) €88m
Basic EPS (€0.06) +€0.08



The future of our planet is of vital importance to our customers and all our people. Ryanair has the lowest carbon emissions of any major EU airline at just 66 grams of CO₂ per passenger km. Passengers switching to Ryanair can halve their CO₂ emissions compared to other major EU airlines. In Dec. 2019, Ryanair appointed a Director of Sustainability to deliver the Group’s ambitious sustainability targets.


Ryanair operates the youngest fleet, with the highest load factors, and newer more fuel-efficient engines. Our Environmental Policy commits us to:

  • Be plastic free in 5 years;
  • Cut noise emissions by up to 40% per seat;
  • Cut CO₂ emissions by 10% by 2030 (up to 50% lower than other major EU airlines);
  • Encourage guests to support our voluntary carbon offset programme;
  • Work with environmental partners to improve our environment in Europe.


While aviation generates  just 2% of Europe’s CO₂, our industry must work harder to further cut these low emissions. EU airlines already pay excessive environmental taxes – Ryanair will pay over €630m in such taxes this year.





Sales grew 21% to €1.91bn.  Better than expected Christmas and New Year bookings, at higher fares, led to a 16% increase in Scheduled Revenue to €1.19bn as we carried 36m guests at 9% higher fares. Ancillary Revenue increased by 28% to €0.72bn as more guests choose Priority Boarding and Preferred Seat services. In Oct., Ryanair Labs launched a new digital platform with improved, personalised, guest offers. Labs are now focused on improving penetration across key ancillary products over the coming quarters. Rentalcars.com became our new car hire partner in late 2019 and will help grow car hire penetration and revenue over the next 3 years.



Our fuel bill rose 14% (+€83m) to €0.7bn due to higher prices and 6% traffic growth. Ex-fuel unit costs rose by 1% due to higher staff (increased pilot pay, higher crew ratios as pilot resignations have slowed to almost zero) and maintenance costs (older aircraft longer in the fleet due to the Boeing MAX delivery delays), offset by falling EU261 costs due to improved punctuality. Our fuel is 90% hedged for FY20 at $71bbl and 90% of our FY21 fuel is now hedged at $61bbl, delivering over €100m fuel savings into FY21. We continue to negotiate attractive growth deals as airports compete to win Ryanair’s very limited traffic growth.

Group Airlines

The Group airlines continue to grow. In Q3 Buzz increased its fleet to 32 Boeing 737s and expanded outside Poland with new bases in Prague and Budapest. Buzz will grow its fleet to 50 Boeing 737s for summer 2020, with 7 aircraft in Polish charter operations and 43 operating scheduled flying for Ryanair.

Copyright Photo: Joe G. Walker.

Lauda continues to underperform with fares much lower than expected, despite strong traffic growth and high load factors. As announced on 10 Jan., this is a direct result of intense price competition with Lufthansa subsidiaries in both Germany and Austria. While Lauda will now carry 6.5m guests in FY20, average fares are well below those of other Group airlines. Lauda’s management is implementing a new cost cutting plan and is improving penetration on ancillary products. Lauda will grow its fleet from 23 to 38 A320s by S.20 with increased capacity in Vienna and a new base in Zadar.

Malta Air continues to grow strongly and has taken over the Group’s French, German, Italian and Maltese bases. Its fleet will grow to 120 aircraft by summer 2020.

Ryanair DAC saw its fleet reduced to 360 Boeing 737s in Q3 as both Buzz and Malta Air took over more flight operations for the Group. Armenia became the newest destination in Jan. Regrettably the Boeing MAX delivery delays mean that Ryanair DAC had to close a number of loss-making winter bases leading to some crew redundancies in Spain, Germany and Sweden. We have endeavoured to minimise job losses through base transfers & seasonal bases and continue to work with our people, their unions and our airports to finalize this process.

Copyright Photo: Joe G. Walker.

Boeing MAX update

Delivery of the Group’s first Boeing 737-MAX-200 aircraft has been repeatedly delayed from Q2 2019. It is now likely that our first MAX aircraft will not deliver until Sept. or Oct. 2020. The requirement for MAX simulator training will also slow down the delivery of backlogged aircraft and new deliveries. But we believe that these “gamechanger” aircraft (with 4% more seats, burn 16% less fuel), when delivered, will transform our cost base and our business for the next decade. Due to these delivery delays, we won’t see any of these cost savings until late FY21. As a direct result of these delivery delays, we plan to extend our 200m p.a. passenger target by at least one or two years to FY25 or FY26.


Balance Sheet & Shareholder Returns

Ryanair’s BBB+ rated balance sheet is one of the strongest in the industry. 70% of our aircraft are debt free. This allows us to grow while weaker airlines collapse, sell or retrench in the current challenging market. We have returned €440m to shareholders under our current €700m share buyback programme. Despite the share buyback and the impact of IFRS 16 (€230m), net debt was just over €700m at period end. Due to the uncertainty surrounding the Boeing MAX aircraft deliveries, peak Capex and maturing bonds in 2021, the Board has decided to extend the current €700m buyback programme until the end of July.


As announced on 10 Jan., Ryanair’s FY20 PAT guidance has risen to a range of €0.95bn to €1.05bn thanks to stronger Christmas and New Year travel bookings, at better than expected fares. Q4 forward bookings are 1% ahead of this time last year at slightly better than expected average fares and we now expect full year traffic to grow by 8% to 154m guests. Ancillary revenues continue to grow, but at a slower rate having annualised the cabin bag changes in Nov. This will support full-year revenue per guest growth of between +3% to +4%. The full year fuel bill will rise by €440m and ex-fuel unit costs will increase by approx. 2%. On the basis of current trading, Ryanair expects to finish close to the mid-point of the new PAT guidance range.  This guidance is heavily dependent on close-in Q4 fares and the absence of any security events.

Ryanair aircraft photo gallery:

Ryanair launches its new subsidiary, Malta Air, for now under the Ryanair brand

Ryanair (Malta Air) Boeing 737-800 WL 9H-QAE (msn 44812) (Ryanair colors) PMI (Javier Rodriguez). Image: 946824.

Ryanair has launched its new subsidiary, Malta Air, in Malta.

The pictured 9H-QAE (formerly EI-GDR) is one of the first to receive the new registration.

For now, the new airline is operating under the Ryanair brand although it is expected to soon adopt its own livery (below).

Previously on June 11, Ryanair Holdings announced it had agreed to purchase Malta Air, a Maltese start-up airline, into which Ryanair will move and grow its Malta based fleet of 6 Boeing 737-800 aircraft.

This investment in Malta Air will allow Ryanair to grow its already sizable presence in Malta (3 million customers per year), and access non-EU markets (North Africa) from Malta. Completion is planned for the end of June, following which Ryanair Holdings will;

  • Switch 6 Malta based aircraft (worth over $600m) onto the Maltese register
  • 200 Malta based crew move onto local contracts paying local Maltese taxes
  • Increase its Malta based fleet to 10 aircraft within three years and create over 350 jobs
  • Brand its Malta based fleet in Malta Air colors for Summer 2020
  • Move Ryanair based aircraft from France, Italy and Germany onto the Malta AOC which will allow these crews to pay their income taxes locally in France, Italy and Germany instead of Ireland where they are currently required to pay income taxes under Ryanair’s Irish AOC.

Top Copyright Photo: Ryanair (Malta Air) Boeing 737-800 WL 9H-QAE (msn 44812) (Ryanair colors) PMI (Javier Rodriguez). Image: 946824.