Ryanair FY21: Q1 Results

✈ UK & Ire pay deals - pay cuts to avoid job losses ✈ Headcount reductions where nesc. - Germany EU's Cost Leader - Right size the cost base ✈ New airport growth deals ✈ Improved supplier terms - maint, mkting ➜ Lauda rescue plan: - - - Cut fleet to 30 A320s (was 38), closed STR base Negotiated lower acft lease rates New pay deal - lower costs and new CLA productivity → Lower cost MAX acft (Boeing talks ongoing) RYANAIR MORE CHOICE. LOW FARES. GREAT CARE. 24 11

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