Ryanair

A sombre and consolatory Michael O’Leary appeared on TV news outlets Friday (1 May) with a reflection on the Ryanair quarterly results and for once no attack on other airlines, with notable exceptions.  Air France and Alitalia get state air, either funds or nationalizing he noted.

He confirmed up to 3,000 job losses and that Ryanair now expects the recovery of passenger demand and pricing (to 2019 levels) will take at least two years, until summer 2022 at the earliest.

He praised the organisation Airlines UK and in particular British Airways for their efforts in exposing what he called “doping”, State Aid.

He listed some examples including Lufthansa Group €12.4bn, AF-KLM Group €10.1bn, TUI Group €1.8bn, Alitalia €1.7bn plus, SAS €0.8bn plus, Finnair €0.7bn, Norwegian €0.3bn (see also SWISS gets government loan in this issue)

With social distancing O'Leary pointed out that the 2m rule does not work for what he called “a flying tube”.  A Boeing 737 has an internal diameter of just 3.5m.  He made it clear that the sheer magnitude of the task in returning monies to clients had overwhelmed the system and said that March payments would be made this month. 

www.ryanair.com

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