Ryanair Expect Lower Losses as EASA Approve the Boeing 737-8200
Ryanair has announced that they expect their losses for the year with COVID to be lower than previously reported. The airline expects losses of around €800 million to €850 million, up to €100 million lower than previously expected. Passenger numbers fell to just 27.5 million in the year to 31st March, down from 149 million in the previous year. A statement by the airline said, “Easter travel restrictions/lockdowns and a delayed traffic recovery into the peak Summer 21 season, due to the slow rollout in the EU of Covid-19 vaccines, means that FY22 traffic is likely to be towards the lower end of our previously guided range. While it is not possible to provide meaningful (2021/22) profit guidance, we do not share the recent optimism of certain analysts as we believe that the outcome for (2021/22) is currently close to break-even.”
Following on from the approval of the Boeing 737-8200 by the FAA last week, EASA has now approved the model which Ryanair has 210 on order. The first deliveries are expected to start within the next week. Boeing has been building this variant since 2019 for Ryanair but the aircraft have been stockpiled in Seattle while the Boeing 737 Max was grounded. Ryanair made its initial order in 2014 becoming the launch customer for the Boeing 737MAX-200 with an order for over 100 aircraft and that has been increased to 210 with the latest additions last December. The naming of the aircraft was changed following the negative publicity following the grounding of the MAX in 2019.
Ryanair has announced a new twice weekly service from Shannon to Corfu starting in July for the summer season. The new route will help boost air traffic as vaccination programmes continue and Europe prepares to re-open for the summer holiday season. The service will operate on Tuesday and Friday’s until the end of October. Commenting on the new route, Mary Considine, CEO of the Shannon Group said, “This is a really difficult period for the aviation sector and today’s announcement by Ryanair is very welcome and positive news for Shannon Airport. We have been working closely with Ryanair, to deliver this service and are looking forward to the airline commencing operations. Ryanair are a valued aviation partner, and this announcement is a chink of light in what has been an extremely challenging period for Shannon Airport and airports throughout the world.”
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