Travel And Leisure

Ryanair (LON: RYA): It operates low-cost and short-haul flights within Europe. The company’s balance sheet is known to be strong and manages its costs with its no-frills services. Till date it has not taken any government support but is working on price and cost related strategies to compete in coming times. The airline does not pay dividend rather makes special payouts when the bank balance is supportive. Such payouts seem unlikely in near future which is full of crisis. Ryanair plans to lay emphasis on preserving cash, generate additional cash, and pay off debts in next one year.

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