Ryanair clears its €1.2bn Covid bond, becomes effectively debt-free with 620 owned 737s
Ryanair says it has repaid the final €1.2 billion bond from its Covid-era borrowing, leaving the Ryanair Group “effectively debt free” and net cash-positive for the first time since flotation in 1997. The airline pairs the balance-sheet reset with a fleet of 620 owned 737s and renewed “lower fares” messaging.