Ryanair Board Approves Accelerated Post Covid Growth
“Ryanair remains committed to re-building Europe’s aviation and tourism industry, restoring connectivity as Ryanair continues to grow in Europe and air travel returns to pre-pandemic level”, said Ryanair’s Director of Commercial, Jason Mc Guinness. Find out latest Ryanair news below.
Ryanair Holdings plc, holds its AGM at its Airside Offices in Dublin.
Based on proxy votes already received, Shareholders have approved all resolutions and will receive a detailed update on the Airline Group’s post-Covid recovery plans over the next 5 years. Subject to no adverse Covid developments, and vaccinations remaining at 90%+ across Europe, Ryanair will take delivery of 210 B737 Gamechanger aircraft over the next 5 years. These aircraft will deliver industry lowest costs, reduced emissions, and will enable Ryanair accelerate its post-Covid growth, as opportunities open up at primary and secondary airports all over Europe, particularly where legacy carriers have failed or reduced fleet sizes as a result of Covid and State Aid.
Ryanair Group airlines now expect to deliver more rapid traffic growth over the next 5 years, and have raised their 5 year growth forecast from 33% to 50%. As a result, Ryanair’s pre-Covid traffic of 149m is expected to grow to over 225m guests by March 2026, which is 25m passengers p.a. higher than the previous target of 200m.
Ryanair’s Michael O’Leary said:
“The performance of the B737 Gamechanger aircraft this summer has exceeded our expectations. Operational reliability, fuel consumption, and lower CO2 emissions have so far exceeded guidelines with very positive passenger and crew feedback to these new, more fuel efficient, quieter aircraft. ryanair news
With these new deliveries, Ryanair will open 10 new bases across Europe this year as we work with airport partners to help them recover traffic & jobs post Covid, and take up slot opportunities that are being vacated by competitor airlines who have collapsed or significantly reduced their fleet sizes.
Ryanair expects to create over 5,000 new jobs for pilots, cabin crew and engineers over the next 5 years, and the Group is excited to have, earlier this week, opened a €50m Aviation Training Centre in Dublin, with 2 further high quality training centres planned for Spain and Poland over the next 5 years.
The Covid-19 pandemic has delivered an unprecedented blow to Europe’s aviation and tourism industries. Only Ryanair has used this crisis to place significantly increased aircraft orders, to expand our airport partnerships, and to secure lower operating costs so that we can pass on even lower fares to our guests, so that together with our airport partners, we can recover strongly from the Covid pandemic and deliver higher than expected growth in both traffic and jobs over the next 5 years.”
5,000 New Pilot And Cabin Crew Jobs To Be Created, Over Next 5 Years As Ryanair Returns To Growth ryanair news
This month Ryanair announced a new agreement with Airline Flight Academy (AFA) at the opening of a brand new €50m Aviation Training Centre in Santry, close to Dublin Airport. This new Training and Simulator Centre contains 3 full motion simulators, 1x 737 MAX and 2x Airbus A320, together with 2 fixed base simulators (1x Boeing 737 and 1x Airbus A320). Additionally, this new AFA Centre contains a state of the art cabin crew training and emergency evacuation device, as well as a specialist cabin fire training centre. The AFA Centre contains over 15 large classroom training centres and 5 individual pilot briefing/de-briefing rooms. Access to these new facilities will enable Ryanair to recruit and train over 5,000 new pilots, cabin crew, engineers and ground operations professionals over the next 5 years – jobs which will be necessary for crew to operate Ryanair’s 210 new Boeing 737 Gamechanger aircraft, which will enable Ryanair to grow annual traffic to 200m p.a. by 2026.
Ryanair has chosen Airline Flight Academy to be its exclusive cadet training partner. Under this agreement, Airline Flight Academy will operate and run this new €50m Training Centre, and will play a central role in recruiting the next generation of aviation professionals, including pilots, cabin crew, engineers and ground operations professionals for Ryanair’s next phase of post Covid growth and expansion.
Tánaiste Leo Varadkar said:
“After what has been an incredibly difficult 18months, today’s announcement is a real vote of confidence in the airline industry as it rebuilds after the pandemic. This €50m investment in a new training centre and the creation of 5,000 jobs across Europe, will mean fantastic opportunities for pilots, cabin crew, engineers and ground ops professionals over the next 5 years. It’s incredible growth and makes me really optimistic for the future. Congratulations to the team involved.”
Ryanair’s CEO Eddie Wilson said: ryanair news
“We are honoured to welcome Tánaiste Leo Varadkar to the opening of the Airline Flight Academy Training Centre here in Santry. We have invested over €50m in this state-of-the-art Training Centre, and our agreement with AFA will deliver over 5,000 highly trained pilots, cabin crew, engineers and ground operations professionals over the next 5 years. Ryanair will create over 5,000 new jobs thanks to the expansion of our Boeing 737 fleet, with 210 MAX Gamechangers to be delivered over the next 5 years which will enable Ryanair to grow to carry 200m passengers p.a. by 2026.
The AFA team have been a recruitment and training partner of Ryanair for many years, and we look forward to continuing to invest in this agreement, which has to date, enabled Ryanair to recruit and train over 18,000 highly qualified aviation professionals.”