FlyBosnia applies for AOC

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Ryanair traffic falls 81%

Ryanair has reported a “strong snap back” in bookings in recent weeks, but said that business continues to be challenging. The airline reported a full-year net loss of 815 million euros as Covid-19 restrictions pushed its traffic levels down 81%. Analysts had forecast a net loss of 933 million euros for the twelve months ending in March. Ryanair’s CEO, Michael O’Leary, said it was a “very difficult year”, but that the company was “looking forward with tremendous optimism”. “In the first week of April, we took just under half a million bookings. Six weeks later, last week, we took 1.5 million bookings. So we are seeing a very strong snap back in bookings; travel beginning to start from June, July, August”, O’Leary said. He added, “I think if these trends continue we will be looking reasonably optimistic towards a very strong second quarter of traffic recovery”. Regardless of the recent surge, Ryanair only expects to come close to breakeven in the twelve months to March 2022. “FY22 (full fiscal year 2022) continues to be challenging, with uncertainty around when and where Covid lockdowns and travel restrictions will be eased”, it said in a statement. Ryanair expects traffic in the year to March 2022 to be at the lower end of its range of between 80 million and 120 million passengers. In the year to March 2021, the airline reported 27.5 million customers. Despite vaccinations gathering pace and European governments starting to welcome tourists again, Ryanair doesn’t expect prices to jump in the short-term. In fact, O’Leary said there is “huge value” for British families looking to holiday in Europe this summer. However, he did warn that there could be some price pressure in late 2021 and into the summer of 2022. “We should be careful though, out into the winter of 21 and certainly into the summer 22, because as Europe recovers from Covid … there is no doubt in mind that there will be about 20% less capacity out there”, O’Leary said.
Source: CNBC

FlyBosnia applies for AOC

NEWS FLASH

Start-up FlyBosnia has applied for an Air Operator's Certificate (AOC) with the Bosnia and Herzegovina Civil Aviation Directorate. The regulator noted it would now review the airline's documentation, after which it will decide whether to issue a permit. The process takes some ninety days. The Sarajevo-based airline plans to commence operations in 2018. It has been set up by the Al Shiddi Group, a Saudi Arabian investment and development company. According to local media reports, Haris Čoloman has been named as the carrier's CEO. He previously worked at the now defunct Bosnian Wand Airlines. FlyBosnia noted it is currently formulating its business plan and will unveil more to the public in due course at a press conference.

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Anonymous14:22
Good luck :)
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Anonymous23:46
Another fiasco
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Anonymous20:28
Good luck :)
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FlyBosnia applies for AOC

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