0001654954-20-002137.txt : 20200302 0001654954-20-002137.hdr.sgml : 20200302 20200302134804 ACCESSION NUMBER: 0001654954-20-002137 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200302 FILED AS OF DATE: 20200302 DATE AS OF CHANGE: 20200302 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RYANAIR HOLDINGS PLC CENTRAL INDEX KEY: 0001038683 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, SCHEDULED [4512] IRS NUMBER: 000000000 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-29304 FILM NUMBER: 20675947 BUSINESS ADDRESS: STREET 1: C/O RYANAIR LTD CORPORATE HEAD OFFICE STREET 2: DUBLIN AIRPORT CITY: COUNTY DUBLIN IRELAN STATE: L2 BUSINESS PHONE: 3538444440 MAIL ADDRESS: STREET 1: CT CORPORATION SYSTEM STREET 2: 1633 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10019 FORMER COMPANY: FORMER CONFORMED NAME: RYANAIR HOLDINGS LTD DATE OF NAME CHANGE: 19970506 6-K 1 a7410e.htm RYANAIR TO CANCEL UP TO 25% OF ITALIAN FLIGHTS Blueprint
 
SECURITIES AND EXCHANGE COMMISSION
 
 
Washington, D.C. 20549
 
 
FORM 6-K
 
 
Report of Foreign Private Issuer
 
 
Pursuant to Rule 13a-16 or 15d-16

of the Securities Exchange Act of 1934
 
 
 
For the month of March 2020
 
RYANAIR HOLDINGS PLC
(Translation of registrant's name into English)

 
c/o Ryanair Ltd Corporate Head Office

Dublin Airport

County Dublin Ireland
(Address of principal executive offices)



 
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.



Form 20-F..X.. Form 40-F  



 
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange
Act of 1934.

 
 
Yes   No ..X..

 
 
If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b): 82- ________

 
 
 
RYANAIR TO CANCEL UP TO 25% OF ITALIAN SHORT HAUL FLIGHTS
 
FROM 17TH MAR TO 8TH APR
 
ALL AFFECTED PASSENGERS CONTACTED BY EMAIL TODAY
 
Ryanair today (Mon 2 Mar) notified passengers that it was reducing its short haul flight program (mainly to and from Italy) by up to 25% for a 3 week period from Tues 17th Mar to Wed 8th Apr, in response to the Covid-19 Virus. Over the past week, Ryanair has seen a significant drop in bookings over that late March/early April period, in response to the Covid-19 Virus. There has also been a significant step up in passenger no-shows on flights, particularly from and within Italy.
 
Ryanair does not expect these cancellations to have a material impact on current year (end Mar 2020) guidance, but it is far too early to speculate what impact the Covid-19 outbreak will have on FY21 earnings. Ryanair will continue to monitor bookings carefully, and will continue to flex its schedules in response to this developing situation. Ryanair is working closely with relevant authorities and is following all guidelines provided by WHO and EASA to ensure the health and wellbeing of our people and our customers.
 
A daily Covid-19 action meeting across all areas of the airline has been initiated since Mon 24th Feb, and is focusing on maintaining operational efficiency and cost saving to address the current downturn in business caused by the Covid-19 Virus, including;
 
-     Rolling schedule cuts as booking patterns alter
-     Allocating annual leave and/or unpaid leave to pilots and cabin crew
-     Recruitment, and promotion and pay freezes across the network
-     Working with 3rd party suppliers to cut costs.
 
Ryanair remains one of the strongest airlines in the industry with €4bn in cash on its balance sheet, industry leading unit costs, 90% of the fleet is owned, and is mainly debt free. We expect that this Covid-19 Virus will result in further EU airline failures over the coming weeks.
 
Ryanair Group CEO, Michael O'Leary said:
 
"Our focus at this time is on minimising any risk to our people and our passengers. While we are heavily booked over the next two weeks, there has been a notable drop in forward bookings towards the end of Mar, into early Apr. It makes sense to selectively prune our schedule to and from those airports where travel has been most affected by the Covid-19 outbreak.
 
This is a time for calm. We will make sensible cuts to our schedules over the comings weeks to reflect weaker bookings, and changing travel patterns. All affected customers will be advised of any schedule changes at least 14 days in advance. While 80% of people who contract Covid-19 suffer only mild symptoms, the risk of infection can be significantly reduced by frequent hand washing with soap and water.
 
We will continue to comply fully with guidelines from National Governments, the WHO and EASA as they are updated on a regular basis. We will update the market in due course on any significant developments"
 
ENDS
 
For further information
please contact:  
  Alejandra Ruiz
  Piaras Kelly
 
  Ryanair DAC  
  Edelman Ireland
 
  Tel: +353-1-9451949
  Tel: +353-1-6789333
 
  press@ryanair.com  
  ryanair@edelman.com 
                                                    
 
 
 
 
 
 
SIGNATURES
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

 
 
RYANAIR HOLDINGS PLC
 
 
 
 
Date: 02 March, 2020
 
 
By:___/s/ Juliusz Komorek____
 
 
 
Juliusz Komorek
 
Company Secretary