By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Travel Radar - Aviation NewsTravel Radar - Aviation News
  • Breaking News
  • Aviation
    • Aircraft
    • Airlines
    • Airshow & Events
    • Careers
    • Manufacturing
  • Travel
    • Airports
    • Points & Loyalty
    • Technology
    • Trip Reviews
  • Newsletters
Reading: Ryanair: $4bn Cash Reserves Despite Pandemic
Share
Sign In
Notification Show More
Font ResizerAa
Font ResizerAa
Travel Radar - Aviation NewsTravel Radar - Aviation News
  • Breaking News
  • Aviation
    • Aircraft
    • Airlines
    • Airshow & Events
    • Careers
    • Manufacturing
  • Travel
    • Airports
    • Points & Loyalty
    • Technology
    • Trip Reviews
  • Newsletters
Have an existing account? Sign In
Follow US
Copyright © Travel Radar Media Ltd. 2024 | All Rights Reserved
Travel Radar - Aviation News > News > Ryanair: $4bn Cash Reserves Despite Pandemic

Ryanair: $4bn Cash Reserves Despite Pandemic

Luke Will
Last updated: 1 February 2021 12:47
By Luke Will 3 Min Read
Share
A Ryanair 737-8200 (Max 200) | © Woody's Aeroimages
SHARE

One of Europe’s leading Low Cost Carriers (LCC), Ryanair, today reported over $4.2bn in cash reserves, despite a loss of over $370 in quarter three of 2020. Despite a global pandemic, Ryanair seems to be in a good position.

Graph showing a slow start to 2021 for Ryanair

Tough year for Ryanair

Previously, Ryanair reported a drop in passenger traffic by 83%. This compares to 11.2 million for the same period in 2019. The company said it ran 22% of its normal schedule during the time, with a load factor of 73%. Due to a repetitive cycle of lockdowns – three in total – the carrier has constantly been forced to cancel flights.

The figure attached shows the dramatic drop in flights at the start of 2021, compared to both 2020 and 2019. This drop in traffic equates with a revenue loss. Overall, the Ryanair Group of airlines lost €340 million ($411 million) in the last financial quarter – a drop of 82%. Though, offset against lower operating costs (due to a lower market demand), reduced the loss to €306 million.

Despite losses, the high liquity position for the end of the year is a good position for the carrier. The cash reserve position, $4.2bn at the end of 2020, is similar to previous years:

Ryanair Holdings Annual Cash on Hand (Millions of US $)
2019 $4,057
2018 $4,557
2017 $4,858
2016 $5,084

Ryanair Boeing 737-8200
Ryanair have dubbed the new MAX’s the 737-8200

Looking into 2021

Ryanair very much hopes traffic picks up again in 2021. Their controversial, ‘jab and go’ advert, suggested travel this summer may be likely: Though this has been labelled as irresponsible by some. Coupled with this, is the carriers order for 135 Boeing 737-MAX aircraft. With the type receiving European (EASA) clearance, Ryanair is very much hoping to have deliveries begin soon to have the type operational by the peak Summer 2021 season. Despite over a year of grounding, and Ryanair dubbing the MAX the 737-8200 to restore passenger confidence, the carrier renewed their faith in the type ordering 75 new examples in December.

Speaking to the media earlier last last month, CEO Eddie Wilson said:

“We will be taking delivery and deploying those [737-8200’s] probably initially in the UK.”

What are your thoughts on Ryanair’s plans for 2021? Let us know your thoughts in the comments below.

You Might Also Like

Cathay Pacific Joins With Sinopec In a Sustainable Aviation Fuel Initiative

Deutsche Aircraft: Rolls out prototype aircraft D328eco

Honoring the Heart of the Skies: Celebrating World Cabin Crew Day

Global Passenger Growth Soars in April 2025

IndiGo: Ton Dortmans joins IndiGo to support A350 entry into service, and MRO expansion

Share This Article
Facebook Twitter Email Copy Link
What’s your thoughts?
Love0
Sad0
Happy0
Angry0
Luke Will
By Luke Will
Follow:
Editor in Chief - Contributing to the aviation news and investigative journalism sections of Travel Radar, Luke brings a rich understanding of the commercial aviation and air-travel industry to his reporting.
Previous Article British Airways Trial Mobile Health Passport, VeriFly
Next Article Air Peace Receives New E195-E2 Aircraft
Leave a comment
Subscribe
Login
Notify of
guest
guest
0 Comments
Oldest
Newest Upvoted
Inline Feedbacks
View all comments

Stay Connected

FacebookLike
TwitterFollow
InstagramFollow
YoutubeSubscribe

Trending News

Finnair
Industrial action continues to disrupt Helsinki Airport, Finnair
Airlines Aviation
London City Airport
London City Airport Holds Fifth Women in Aviation Challenge
Airports Airshow & Events Aviation Careers
Malaysia Airlines reveals new Manchester United livery
Malaysia Airlines Releases Manchester United Livery
Airlines Airshow & Events Aviation Travel
Qatar Airways sponsorship of the UEFA Champions League final between PSG and Inter
Qatar Airways Sponsors UEFA Champions League Finals
Airlines Airshow & Events Aviation
The Cathay Group was honoured with a total of 15 awards at the annual HKACE Customer Service Excellence Awards, including the Grand Award for the third year running.
Cathay Group Bags 15 HKACE Awards including the Grand Award
Airlines Aviation
//

Travel Radar is the leading digital hub for all things aviation and air-travel. Discover our latest aviation news, aviation data, insight and analysis.

Discover

  • About Us
  • Contact Us
  • Careers
  • Press & PR
  • Privacy & Legal

Our Content

  • News
  • Data
  • Images
  • Jobs
  • Subscribe

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Click here to Signup!

© Travel Radar Media Ltd. 2015-2025 | ISSN #2635-0696 | Trademark #UK00003579704
wpDiscuz
adbanner
AdBlock Detected
Ads help us bring you high-quality, independent journalism for free. Support us by whitelisting us from your ad blocker.
Okay, I'll Whitelist
Welcome to the TR Community!

Sign in to your account

Register Lost your password?