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Ryanair reports H1 results
The highlights of this period
Ryanair Holdings plc today (2 Nov.) reported a H1 loss of €197m, compared to a PY H1 profit of €1.15bn. Highlights of this 6-month period include:99% of the fleet grounded from mid-March to end June.Successful return to service implemented 1 July.H1 traffic fell from 86m to 17m.Cost reduction measures implemented across business.Successful €1.25bn financing raised in Sep. (equity placing & eurobond).Cash priori...
AVIONEWS - World Aeronautical Press Agency