“Lower Fares Than Competitors”: Ryanair Is Now Debt-Free With 620 Owned 737s

Ultra-low-cost carrier Ryanair is celebrating becoming debt-free, with the airline announcing today (May 25) that the carrier has repaid its final €1.2 billion ($1.4 billion) bond. This will see the airline become effectively unencumbered, as it heads into the busy Northern Hemisphere summer season.