Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRYA.L Share News (RYA)

  • There is currently no data for RYA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TOP NEWS: Ryanair, Wizz Air June Passengers Crater On Virus Limits

Thu, 02nd Jul 2020 08:30

(Alliance News) - Rival budget airlines Ryanair Holdings PLC and Wizz Air Holdings PLC both saw a dramatic drop in passenger numbers in June as a result of air travel restrictions imposed by governments across Europe to contain the spread of Covid-19.

Ryanair's traffic in June dropped by 97% to 400,000 passengers versus the 14.2 million passengers it carried a year earlier.

The airline's subsidiary Lauda flew no passengers in June compared to 600,000 the year before. In early June, Ryanair announced Lauda's fleet was grounded because of the coronavirus pandemic, but will gradually start flying again on July 1. Ryanair had planned to shutter the loss-making arm but employees agreed to a last-minute wage deal.

Ryanair said it operated just 2,800 scheduled flights in June versus its budgeted schedule of 79,600. The airline noted 95% of its flights arrived on-time.

On a rolling annual basis to June, the airline said it carried 107.2 million passengers, down 27% from 144.3 million a year prior.

Central and eastern European-focused Wizz Air separately reported an 86% fall in June passenger numbers to 502,253 from 3.6 million in June 2019.

Capacity plummeted 76% year-on-year to 961,797 seats from 3.8 million, while the airline's load factor fell 43 basis points to 52.2% from 95.0%.

Available seat kilometres in June fell 75% to 1.52 billion, as revenue passenger kilometres plunged 86% to 802.1 million.

On a rolling basis to June, passengers were down 16% to 30.4 million, while capacity fell 15% to 33.0 million. Load factor slipped 1.1 basis points to 92.0%.

More positively, Wizz Air opened 3 new bases in the month - in Bacau, Romania; Dortmund, Germany; and St Petersburg, Russia - and has launched 64 new routes.

Shares in Ryanair were 2.6% higher in London on Thursday morning at EUR10.87 each. Wizz Air was trading 1.3% higher at 3,386.00 pence.

By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
22 May 2024 09:53

LONDON BROKER RATINGS: Barclays cuts NextEnergy but lifts JLEN

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday:

Read more
21 May 2024 10:00

LONDON BROKER RATINGS: UBS lifts Schroders; Barclays likes Wise

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday:

Read more
20 May 2024 07:47

LONDON BRIEFING: Keywords would back GBP2.0 billion bid as EQT circles

(Alliance News) - London's FTSE 100 is called to open higher at the start of the week, while the pound climbed and gold hit another record high, with investors hopeful the Federal Reserve could soon cut US interest rates.

Read more
20 May 2024 07:36

Ryanair sees softer summer fares as profits take off

(Sharecast News) - Budget airline Ryanair on Monday reported higher annual profits but warned that summer airfares would be softer than anticipated.

Read more
20 May 2024 06:57

TOP NEWS: Ryanair's annual profit jumps as more people take to flight

(Alliance News) - Ryanair Holdings PLC on Monday reported a profit climb on the back of higher customer figures, helped by Easter this year landing in March, as it eyed further customer growth.

Read more
14 May 2024 12:30

On The Beach declares first dividend since Covid as moves upmarket

(Alliance News) - On the Beach Group PLC on Tuesday said it expects to deliver "another record summer", despite slower growth in the "value" end of the travel market.

Read more
13 May 2024 16:18

UK earnings, trading statements calendar - next 7 days

Tuesday 14 May 
Angling Direct PLCFull Year Results
Currys PLCTrading Statement
DCC PLCFull Year Results
Flutter Entertainment PLCQ1 Results
Greggs PLCTrading Statement
Marston's PLCHalf Year Results
On The Beach Group PLCHalf Year Results
Renew Holdings PLCHalf Year Results
Treatt PLCHalf Year Results
Virgin Money UK PLCTrading Statement
Vodafone Group PLCFull Year Results
Wednesday 15 May 
Britvic PLCHalf Year Results
Burberry Group PLCFull Year Results
Compass Group PLCHalf Year Results
Creo Medical Group PLCFull Year Results
Experian PLCFull Year Results
Imperial Brands PLCHalf Year Results
Keller Group PLCFull Year Results
Lords Group Trading PLCFull Year Results
Marshalls PLCTrading Statement
Renalytix PLCQ3 Results
Spirax-Sarco Engineering PLCTrading Statement
Titon Holdings PLCHalf Year Results
TP ICAP Group PLCTrading Statement
Tui AGHalf Year Results
Vertu Motors PLCFull Year Results
Thursday 16 May 
Auction Technology Group PLCHalf Year Results
Bank of Cyprus Holdings PLCQ1 Results
BT Group PLCFull Year Results
Convatec Group PLCTrading Statement
easyJet PLCHalf Year Results
Future PLCHalf Year Results
Grainger PLCHalf Year Results
Helios Towers PLCQ1 Results
Nexus Infrastructure PLCHalf Year Results
Premier Foods PLCFull Year Results
Restore PLCTrading Statement
Sage Group PLCHalf Year Results
Tritax EuroBox PLCHalf Year Results
Tullow Oil PLCTrading Statement
Tyman PLCTrading Statement
United Utilities Group PLCFull Year Results
Vanquis Banking Group PLCTrading Statement
Vistry Group PLCTrading Statement
Friday 17 May 
Land Securities Group PLCFull Year Results
XLMedia PLCFull Year Results
Monday 20 May 
Kainos Group PLCFull Year Results
Likewise Group PLCFull Year Results
Nexxen International LtdQ1 Results
Ryanair Holdings PLCFull Year Results
Union Jack Oil PLCFull Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
8 May 2024 09:39

LONDON BROKER RATINGS: UBS raises Centrica to 'buy' from 'neutral

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
7 May 2024 18:13

PRESS: Ryanair boss says air fares likely to be lower than expected

(Alliance News) - Air ticket prices this summer are likely going to be lower than previously expected, Ryanair chief executive Michael O'Leary said on Tuesday according to Reuters.

Read more
7 May 2024 16:55

LONDON MARKET CLOSE: FTSE 100 driven higher by US rates optimism

(Alliance News) - Stock prices in London closed higher on Tuesday, in a strong start to the new week, with US interest rate optimism supporting equities.

Read more
2 May 2024 09:53

Ryanair air traffic up in April; Wizz Air's load factor dips

(Alliance News) - Ryanair Holdings PLC and Wizz Air Holdings PLC on Thursday released flight figures for the month of April, with both reporting a slight drop in load factor for the month.

Read more
2 May 2024 07:48

LONDON BRIEFING: Shell unveils USD3.5 billion buyback; Melrose bullish

(Alliance News) - London's FTSE 100 is called to open higher on Thursday, after the Federal Reserve left rates unmoved and Chair Jerome Powell came across less hawkish than feared.

Read more
8 Apr 2024 09:13

LONDON BROKER RATINGS: Wizz Air raised; HSBC cuts Rentokil to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Read more
4 Apr 2024 14:39

RBC lifts forecasts for Ryanair, keeps at 'outperform'

(Sharecast News) - RBC Capital Markets has lifted its target price for budget airline Ryanair after upping its forecasts on the back of lower fuel cost projections.

Read more
3 Apr 2024 12:00

LONDON MARKET MIDDAY: Stocks down over US Fed rates cuts speculation

(Alliance News) - Stock prices in London were down at midday on Wednesday, as investors showed caution over the US interest rate cuts outlook, with continued robust data showing the resilience of the US economy.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.