Ryanair not to refund for flights during the second lockdown

The budget airline Ryanair Holdings Plc (LON: RYA) has decided not to offer refunds for flights in November, the period of the second lockdown in the UK.

  • Michael O’Leary, the chief executive, said that there won’t be refunds on flights that are operating and travelling; however, he announced waiver of change fees for bookings.
  • The airline has posted a loss of €197 million for the first half of the financial year 2020-21, its first for the summer period in the last 30 years.
  • Last month only the airline had reduced the number of winter flights, until March, to 40 per cent of normal levels because of Covid-19 air travel restrictions.
  • On 3 November 2020, the stocks of the company improved by 0.60% from its previous closing, hovering at around EUR 12.52 at 08:46 AM GMT+1.