Originally Posted by
Tom!
Also unlike a lot of other airlines Ryanair outright owns over 90% of their fleet so no lease payments to worry about while they are parked up.
From their 2019 annual report
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At March 31, 2019, Ryanair had a fleet of 455 Boeing 737-800 aircraft, 144 of which were funded by Ex-Im Bank-guaranteed financing. Other sources of on-balance-sheet aircraft financing utilized by Ryanair are Japanese Operating Leases with Call Options (“JOLCOs”), which are treated as finance leases (12 of the aircraft in the fleet as of March 31, 2019) and commercial debt financing (3 of the aircraft in the fleet as of March 31, 2019). Of Ryanair’s total fleet of 455 Boeing 737- 800 aircraft at March 31, 2019 there were 26 aircraft which were financed through operating lease arrangements, 183 aircraft were financed from Ryanair’s own resources on an unsecured basis and
the remaining 87 aircraft have no outstanding debt remaining. Ryanair has generally been able to generate sufficient funds from operations to meet its nonaircraft acquisition-related working capital requirement
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