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Ryanair: Covid-19 grounds 99% of its aircraft fleet

40% of its flights resume 1 July

Ryanair Holdings plc today (27 July) reported a Q1 loss of € 185m, compared to a PY Q1 net profit of € 243m. Highlights of Q1 include:Over 99% of the aircraft fleet grounded from mid-March to end June.Q1 traffic fell from 42m to 0.5m.Group airlines operated repatriation, rescue & medical emergency flights.Cash preservation prioritised – closing cash €3.9bnCost reduction measures being successfully implemen...

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AVIONEWS - World Aeronautical Press Agency