Ryanair feels first round of cancellation costs

Ryanair feels first round of cancellation costs

The first thing many shareholders will be looking for in the half-year results for Ryanair (RYA) is how much the flight cancellations in September and October have cost the budget airline. In the latter half of September, and through October, 50 flights were cancelled, or 2 per cent of the 2,200 routes flying during that period. Looking ahead, 25 planes out of the fleet of 400 will be grounded for the winter season. So far there’s been a €25m (£22m) one-off cost to reschedule affected passengers in September, and a further €45m is expected to be added to full-year crew costs as Ryanair moves to offer “materially higher pay” for its pilots compared with competitors.

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