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
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...
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