Sunday August 9, 2020

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
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...

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