Ryanair May 2021

Path to 200m guests by FY26 Airline failures & retrench - significant EU capacity cuts ✈ Airports seek to recover traffic - growth incentives ✈ 8 new base deals post Covid ✈ Lower cost B737-8200 facilitates growth (c.600 fleet by FY26) ✈ Pent up demand + lower costs = Mkt share gains Strong BBB rated Bal. Sheet RYANAIR MORE CHOICE. LOW FARES. GREAT CARE. 21 13

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