$RYAAY

Ryanair announced its largest-ever UK winter schedule with 435 routes, including new services from London Stansted and Luton. CEO Michael O’Leary warned that higher UK taxes, such as Air Passenger Duty (APD) and a new overnight visitor levy, could lead to reduced capacity in the UK. Ryanair may shift aircraft to lower-tax European destinations. The airline expects to carry 63 million UK passengers in 2026, with plans to increase to 80 million by 2030, contingent on tax policy.

Ryanair CEO Michael O’Leary announced no fuel surcharges but expects standard airfares to rise 10-15%. The airline anticipates receiving its first 15 737 MAX 10 jets next spring. O’Leary predicts European airline consolidation, with Ryanair, BA, Lufthansa, and Air France as major players. He noted most airlines are hedged until summer 2026 but higher oil prices will impact fares next year.

Apple led The Irish Times' Top 1,000 rankings with €209.3bn revenue and €72bn profit. Microsoft, Meta, and Google followed. Eli Lilly entered the top 10. CRH was the largest indigenous company. Apple and Meta reduced Irish headcounts. Irish corporation taxes surged due to tech profits.

Ryanair CEO Michael O’Leary urged England to abolish Air Passenger Duty, estimating a £2.5bn cost, and called for reform of NATS, including CEO Martin Rolfe's dismissal. O’Leary claims scrapping APD would boost traffic and investment, with Ryanair planning to grow to 80m passengers and create 10,000 jobs.

Ryanair CEO Michael O'Leary stated the airline will not impose fuel surcharges despite rising jet fuel prices, but warned rivals may raise fares by 20% in 2027. Ryanair adjusted its passenger forecast for fiscal 2027, lowering it from 216 million to 214 million due to fuel cost pressures. O'Leary predicted industry consolidation, with loss-making airlines likely to fail.

Ryanair CEO Michael O'Leary predicts higher airfares for summer 2027 due to rising oil prices, driven by Middle East conflict. Oil prices recently exceeded $100/barrel. Ryanair's oil bill could increase by 25%, from $6 billion to $7.5 billion. The airline has cut its air traffic target for next year.

Ryanair CEO Michael O’Leary warned the UK government that the airline may cut flight capacity if plans for a 'double tax' on tourists proceed. O’Leary criticized the proposed visitor levy alongside existing Air Passenger Duty (APD) and called for APD's abolition. Ryanair plans to add 30 aircraft, 200 routes, and 10,000 jobs if APD is scrapped. O’Leary also criticized Prime Minister Andy Burnham's economic policies and called for the dismissal of National Air Services (NATs) CEO Martin Rolfe.

Ryanair CEO Michael O'Leary stated the airline will not impose a fuel surcharge despite rising jet fuel prices, but expects competitors to do so. He also announced Ryanair's first 15 Boeing 737 MAX 10 jets are expected in Spring 2024, with certification pending. Ryanair, Europe's largest airline, ordered 150 MAX 10s in 2023 with options for 150 more.

Whizz Air's Yvonne Moynihan criticized UK air traffic control (NATS) after a second outage in two weeks, questioning why a software defect wasn't found earlier. NATS stated the latest issue was unrelated to the previous software fault. Ryanair's Neal McMahon called for NATS boss Martin Rolfe to resign. Over 10,000 passengers were affected on Monday, with 227 flights cancelled.

Airlines including Ryanair, EasyJet, and Jet2 reported delays due to a connectivity issue at NATS' Prestwick center, affecting over 140 flights. NATS stated the problem was fixed, but airlines criticized the repeated disruptions, with Ryanair demanding NATS CEO Martin Rolfe's resignation. UK Transport Secretary Heidi Alexander confirmed the issue was resolved, but delays may persist.