Ryanair’s €3.9 billion cash pile should ensure a soft landing

A loss of €185 million for the April-June period is offset by the airline’s financial safety net

2nd August, 2020
Ryanair’s €3.9 billion cash pile should ensure a soft landing
Michael O’Leary of Ryanair Picture: Getty

No less than the rest of us, Ryanair is facing into an uncertain future. The big difference in its favour is that it has €3.9 billion in the bank as a safety net during these dark economic times.

The airline announced its first-quarter results on Monday, which showed the extent to which the Covid-19 pandemic and resultant collapse in air travel has had on its business. It reported a net loss of €185 million for...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

How to manage: Showing appreciation of employees matters more than ever

How I work: ‘When making decisions, focus on what could go right, not just what could go wrong’

How to work: Contractors earn one and a half times more than employees