CLEAN : Ryanair CEO says surge in oil prices will slow post-Covid recovery

The transcript discusses the financial status of an airline, highlighting its strong cash position and limited M&A activity. It covers the potential removal of mask mandates and strong travel bookings to certain destinations. The impact of rising oil prices is noted, with Ryanair being somewhat insulated. Flights to Ukraine are suspended due to safety concerns, with plans to resume when conditions improve.

What financial strategy did the airline adopt during the COVID-19 pandemic?

• Maintained a large cash reserve and used debt financing

• Reduced flight routes

• Launched new international routes

• Increased ticket prices

What future change is anticipated regarding mask mandates?

• Masks will be optional for crew members

• Masks will be required only on international flights

• Masks will be removed as a requirement

• Masks will become mandatory on all flights

How is the airline managing the impact of rising oil prices?

• By increasing ticket prices

• By hedging 80% of its oil needs

• By reducing the number of flights

• By switching to electric planes

What was the immediate impact of the Ukraine conflict on the airline's operations?

• Introduction of new safety measures

• Suspension of all Ukrainian routes

• Reduction in ticket prices

• Increased flights to Ukraine

What is the airline's plan regarding flights to Ukraine in the future?

• Permanently cancel all flights to Ukraine

• Resume flights when it is safe and permitted

• Increase the number of flights to Ukraine

• Only fly cargo planes to Ukraine