Page 1

RYANAIR REPORTS H1 LOSS OF € 48M AS TRAFFIC REBOUNDS AT LOWER FARES Ryanair Holdings today ( 1 Nov. ) reported a H1 loss of € 48m , compared to a PY H1 loss of € 41 1m . Highlights of this 6 - month period include : ● H1 traffic rebounded by 128 % from 17.1m to 39.1m . 1st B737-8200 " Gamechanger ” delivered in June ( 65+ for peak S.22 ) . Customer Advisory Panel 1st met in Sept. € 1.2bn 5 - year unsecured bond issued in May at record low 0.875 % coupon . Strong Sept. cash balance of € 4.24bn ( up from € 3.15bn at 31 Mar. ) . Net debt fell from € 2.28bn at 31 Mar. to € 1.50bn at 30 Sept. ( CCFF £ 600m loan repaid in Oct ) . 560 new routes & 14 new bases announced for W.21 / S.22 . 5 - year growth accelerates to 225m p.a. by FY26 ( prev . 200m p.a. ) . H1 - Group Customers Load Factor Revenue Op . Costs Net Loss 30 Sept. 2020 17.1m 72 % € 1.18bn € 1.35bn ( € 411m ) 30 Sept. 2021 39.1m 79 % € 2.15bn € 2.20bn ( € 48m ) Change + 128 % + 7pts + 83 % + 63 % n / m Ryanair's Michael O'Leary , said : OUR ENVIRONMENT : Ryanair has shown we can grow traffic while reducing our impact on the environment . Every passenger that switches to Ryanair from legacy airlines reduces their CO₂ emissions by up to 50 % per flight . Over the next 5 - years our traffic will grow by 50 % to 225m p.a. This will be achieved on a fleet of new B737 " Gamechanger " aircraft , which offer 4 % more seats , but consume 16 % less fuel and cuts noise emissions by 40 % , which helps to lower each passenger's CO2 and noise footprint over the next decade . We continue to work with the EU , our fuel suppliers and aircraft manufacturers to incentivise sustainable aviation fuel ( SAF ) use . We are working with A4E and the EU Commission to accelerate reform of the Single European Sky , to minimise ATC delays which will lower fuel consumption and CO2 emissions . Last year Ryanair received an industry leading " B- " climate protection rating from CDP¹ , and we are committed to improving this to an “ A ” rating over the next 2 years . In April , we established a Sustainable Aviation Research Centre partnership with Trinity College Dublin to accelerate the development of SAFs . Ryanair's goal is to power 12.5 % of our flights with SAF by 2030. These initiatives will help Ryanair achieve our target of cutting CO2 per passenger / km by 10 % to just 60 grams by 2030 . Our growth plans over the next 5 years will create 5,000 new jobs for pilots , cabin crew and engineers . Ryanair recently invested € 50m in an Aviation Skills Training Centre in Dublin and we plan to invest over € 100m in 2 more , high skills , training centres in possibly Spain and Poland during this period . In Sept. our Customer Advisory Panel met for the first time in Dublin . This Panel will meet again in the spring and their advice and input will shape Ryanair's customer improvements for 2022 , reinforcing our commitment to delivering the lowest fares , the most on - time flights and a great customer service as the Group stimulates very strong post Covid - 19 growth . We have already implemented a number of their suggestions , including a Day of Travel feature in the Ryanair App to assist customers through every step of their Ryanair journey . ¹ CDP - Carbon Disclosure Project is an independent , non - profit , global environmental reporting organisation . COVID - 19 - RAPID RECOVERY & GROWTH : Following a very badly disrupted Q1 , which saw most Easter flights cancelled and a slower than expected easing of EU Govt . travel restrictions in May and June , traffic rebounded in Q2 with the successful rollout of the EU Digital Covid Certificates ( “ DCC " ) in July . H1 bookings were mostly " close - in " and required price stimulation , particularly to / from the UK where consumer confidence was undermined ( until early Oct. ) , by the UK Govt.'s confusing and inconsistent traffic light system . In recent weeks , we have seen a surge in bookings for the Oct. mid - term and Christmas breaks and we expect this peak buoyancy to continue into Easter and