REG - Ryanair Holdings PLC Ryanair Holdings-RYA - RYANAIR NOW DEBT FREE AS LAST 1.2 BN BOND REPAID

Ryanair HoldingsAnnouncement

26/05/2026 07:00

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RNS Number : 5518F  Ryanair Holdings PLC  25 May 2026

 

RYANAIR NOW DEBT FREE AS LAST €1.2 BILLION BOND IS REPAID TODAY

 

Ryanair, today (25 May), repaid its last €1.2 billion bond leaving the
Ryanair Group effectively debt free as it faces into a challenging summer of
growth, at low fares.  This is the first time since Ryanair floated in 1997
that the airline has repaid all the debt, leaving it with an unencumbered
fleet of 620 B737 aircraft.

Ryanair Group CFO, Neil Sorahan, said:

"Today is a historic day for Ryanair as our Group, following repayment of our
final €1.2bn bond, is now effectively debt free.  Our fortress balance
sheet is underpinned by an unencumbered B737 fleet of 620 aircraft, solid
ratings (BBB+) from both Fitch Ratings and S&P and strong liquidity.
This financial strength further widens the cost gap between Ryanair and our
competitors, many of whom are exposed to expensive (long-term) debt and
aircraft leases and will enable Ryanair to continue to grow traffic at much
lower fares than our competitors, bringing even more value to consumers all
over Europe.

We raised this last remaining €1.2bn bond during the Covid crisis and we
wish to sincerely thank our bond holders for their strong support over many
years.  We look forward to (opportunistically) revisiting the bond markets at
some stage in the future as we grow passenger traffic to 300m p.a. by FY34 and
take up to 50 Boeing MAX-10 deliveries annually from 2029 onward."

ENDS

 

For further information please contact:

Jamie Donovan, Head of Investor Relations, Ryanair Holdings plc, Ph:
+353-1-9451212

 

 

 

 Ryanair Holdings plc, Europe's largest airline group, is the parent company of
 Buzz, Lauda, Malta Air, Ryanair & Ryanair UK. Carrying c.216m guests p.a.
 on approx. 3,800 daily flights from 95 bases, the Group connects over 220
 airports in 36 countries on a fleet of almost 650 aircraft, and 300 new Boeing
 737s on order, which will enable the Ryanair Group to grow traffic to 300m
 p.a. by FY34. Ryanair has a team of 30,000 aviation professionals delivering
 Europe's No.1 operational performance, and an industry leading 41-year safety
 record. Ryanair is one of the most efficient major EU airlines. With a young
 fleet and high load factors, Ryanair targets 50grams of CO₂ per pax/km by
 2031 (a 27% reduction).

 

 

 

 

 

 

 

 

 

 

Certain of the information included in this release is forward looking and is
subject to important risks and uncertainties that could cause actual results
to differ materially and that could impact the price of Ryanair's securities.
Forward looking statements are based on management's beliefs and assumptions
and on information currently available to management. Ryanair has no
obligation to update any forward looking statements contained in this release,
whether as a result of new information, future events, or otherwise. It is not
reasonably possible to itemise all of the many factors and specific events
that could affect the outlook and results of an airline operating in the
European economy and the price of its securities. Among the factors that are
subject to change and could significantly impact Ryanair's expected results
and the price of its securities are the airline pricing environment, fuel
costs, competition from new and existing carriers, market prices for the
maintenance and replacement of aircraft, costs associated with environmental,
safety and security measures, actions of the Irish, U.K., European Union
("EU") and other governments and their respective regulatory agencies,
litigation, post-Brexit uncertainties, changes in the structure of the
European Union, any further change in the restrictions on the ownership of
Ryanair's ordinary shares and the voting rights of its shareholders and ADR
holders, including as a result of regulatory changes or the actions of Ryanair
itself, weather related disruptions, ATC strikes and staffing related
disruptions, aircraft availability and delays in the delivery of contracted
aircraft, dependence on external service providers and key personnel, supply
chain disruptions, tariffs, fluctuations in corporate tax rates, currency
exchange rates and interest rates, airport access and charges, labour
relations, the economic environment of the airline industry, the general
economic environment in Ireland, the U.K. and Continental Europe, continued
acceptance of low fares airlines, the general willingness of passengers to
travel, war, geopolitical uncertainty and other economic, social and political
factors, significant outbreaks of airborne disease and global pandemics such
as Covid-19 and unforeseen security events, terrorist attacks and
cyber-attacks. There may be other risks and uncertainties that Ryanair is
unable to predict at this time or that Ryanair currently does not expect to
have a material adverse effect on its business.

 

 

 

 

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