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

Emirates introduces more retrofitted Boeing 777s and Airbus A380s serve from October

Why You Should Visit Japan This Winter

Turkish Airlines set to make an Investvestment in Air Europa

Mexicana Takes Delivery of First Embraer E195-E2 Jet

Qatar Airways Resumes Flights to Iraq, Syria, Lebanon and Jordan

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

Singapore
Singapore Airlines’ Financial Performance Results in Profit at End of Year 2024-25
Airline Economics Airlines Aviation
inside aircraft
Assistance and protection for vulnerable travellers : Proposal to reinforce EU passenger rights
Aviation Travel
Colourful houses at sunset in the capital of Greenland, Nuuk. Mountain in the background and houses are at the right edge of the photo.
SAS reconnects with Greenland in new flight route
Airlines Aviation Route Development Travel
Under Secretary for Home and Youth Affairs of the Hong Kong SAR Government Clarence Leung (fourth from left), Cathay Chief Customer and Commercial Officer Lavinia Lau (third from left), HKYAA Chairman Captain Patrick Lau (third from right), Chief Flight Standards of the Civil, Aviation Department Captain Lawrence Wong (second from left), and HKYAA Honorary Advisor Albert Wong (second from right) kicked off the launch event with paper plane flying activity
Cathay and HKYAA Launch New AeroQuiz and Cathay Inter-school Aviation Challenge Cup
Airlines Airshow & Events
Indian Prime Minister Narendra Modi at the Air India crash site
India denies UN assistance following the 787 crash
Aircraft Aviation Incidents & Accidents
//

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?