Ryanair Growth Opportunities

EU's Cost Leader - Right size the cost base ✈ Pay deals agreed - pay cuts & flexibility to minimise job losses ✈ Headcount reductions where necessary ✈ New airport growth deals - WIP ✈ Enhanced supplier terms - maint, mkting, acft (lessors & OEMs) ✈ Lauda rescue plan: Cut fleet/Pay cuts (CLAS)/Lower lease rates ✈ Lower cost MAX acft (Boeing talks ongoing) - RTS USA Q4 2020 - "Gamechanger" 4% more seats, 16% lower fuel, 40% less noise - Drives EU mkt share gains post Covid-19 (200m pax p.a.) RYANAIR MORE CHOICE. LOW FARES. GREAT CARE. * 80

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