What Happened
Low-Cost Carrier Achieves Historic Financial Milestone Amid Strong Demand
Ryanair has announced it is now ’effectively debt free’ after repaying its last $1.4 billion bond, which was raised during the COVID-19 pandemic. The airline’s strong financial position, underpinned by a solid balance sheet and unencumbered B737 fleet, will enable it to grow traffic at lower fares than its competitors. Ryanair plans to revisit the bond market in the future to support its growth ambitions, including receiving up to 50 Boeing 737 MAX 10 deliveries annually from 2029. This development was first reported by AeroTime.