Ryanair Holdings PLC RYANAIR CUTS FULL YEAR TRAFFIC FORECAST TO < 30M (8442K)
07 Gennaio 2021 - 8:00AM
UK Regulatory
TIDMRYA
RNS Number : 8442K
Ryanair Holdings PLC
07 January 2021
RYANAIR CUTS FULL YEAR (TO MAR 21) TRAFFIC FORECAST FROM "BELOW
35M" TO "BELOW 30M" AS NEW COVID LOCKDOWNS & TRAVEL
RESTRICTIONS ANNOUNCED BY IRISH & UK GOVTS
Ryanair, Europe's largest airline, today (Thurs 7(th) Jan)
briefed the markets that it now expects the newly announced Covid
lockdowns in Ireland, the UK, and a small number of other EU
countries this week, will materially reduce its flight schedules
and traffic forecast through Jan, Feb & Mar. Ryanair now
expects its Jan traffic to fall to under 1.25m passengers, and that
new Covid restrictions could also reduce Feb and Mar traffic to as
little as 500,000 passengers each month. In response, Ryanair will
significantly cut its flight schedules from Thurs 21 Jan, which
will result in few, if any, flights being operated to/from Ireland
or the UK from the end of Jan until such time as these draconian
travel restrictions are removed. All customers affected by these
further flight cancellations and further travel restrictions will
receive emails advising them of their entitlements of free moves
and/or refunds later today.
These new cutbacks will reduce full year (FY March '21) traffic
forecast from currently "below 35m" to between 26m to 30m
passengers. Ryanair does not expect these flight cuts and further
traffic reductions will materially affect its net loss for the year
to 31 March 2021 since many of these flights would have been loss
making.
Ryanair calls on the Irish and UK Governments to accelerate the
slow pace of vaccine rollouts, and in particular, calls on the
Irish Government to explain why Denmark, with a population of 5m,
has vaccinated 40,000 citizens by Wed 6(th) Jan, whereas Ireland
with a similar 5m pop., has vaccinated just 4,000, a vaccination
rate that is 10 times slower than that of Denmark.
A Spokesperson for Ryanair said:
"The WHO have previously confirmed that Governments should do
everything possible to avoid brutal lockdowns, because lockdowns
"do not get rid of the virus". Ireland's Covid-19 travel
restrictions are already the most stringent in Europe, and so these
new flight restrictions are inexplicable and ineffective when
Ireland continues to operate an open border between the Republic
and the North of Ireland. Since Ireland's third lockdown will not
get rid of the Covid virus, there is an onus on the Irish
Government to accelerate the rollout of vaccines, and the fact that
the Danish Government, with a similar 5m population, has already
vaccinated 10 times more citizens than Ireland shows that emergency
action is needed to speed Covid vaccinations in Ireland.
NPHET (Ireland's Public Health Team), which we believe has
mismanaged many aspects of Ireland's Covid response (face masks,
test & trace, international travel, care homes and meat
factories), should now release a daily report of the number of
vaccines administered in Ireland, and explain why they continue to
run behind the vaccination rates of other similar sized EU
countries. Vaccinations rather than lockdowns is the way out of
this Covid-19 crisis, and the sooner NPHET takes action to
accelerate Ireland's vaccine rollout speed, the better."
ENDS
For further info
please contact:
Alejandra Ruiz Piaras Kelly
Ryanair DAC Edelman Ireland
Tel: +353-1-9451799 Tel: +353-1-592 1330
press@ryanair.com ryanair@edelman.com
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END
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(END) Dow Jones Newswires
January 07, 2021 02:00 ET (07:00 GMT)
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