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Ryanair votes ‘Yes’ to Europe

DUBLIN: February 24, 2016. Ryanair, operator of 300 B737-800s carrying over 100 million passengers a year throughout Europe, has called for a ‘Yes’ vote in Britain’s European referendum on June 23 and confirmed it will actively campaign for the UK to stay in the European Union.

Despite being critical of the UK’s travel tax, the EU’s failure to deliver on its ‘Single Sky’ project after more than 30 years, and the continuing indecision over additional runway capacity in the south-east of Britain, the airline said it remained a committed supporter of the UK remaining in Europe because it will lead to more jobs and better economic growth.

ryanair Ryanair noted the EU open skies environment has already transformed UK tourism and job creation prospects while the free movement of goods and services has made Britain one of Europe’s most competitive and best performing economies.

The company added that British Prime Minister David Cameron’s new deal will protect Sterling, limit immigration and closer Union with Europe - and also prevent the loss of foreign inward investment to Ireland and Germany if the UK leaves Europe.

Ryanair’s CEO Michael O’Leary commented: “Ryanair is absolutely clear that the UK economy and its future growth prospects are stronger as a member of the European Union than they are outside of the EU. Leaving Europe won’t save the UK money or red tape because like Norway the UK will still have to contribute to Europe, and obey its rules if it wants to continue to trade freely with Europe, so it’s clear that UK voters should vote ‘Yes’ to Europe and ‘Yes’ to the reformed Europe that David Cameron has delivered.

"Ryanair, our people and I hope the vast majority of our customers, will all work together over the coming months to help deliver a resounding ‘Yes’ vote on June 23,” he added.

The airline reported a 110 percent increase in net profit to €103 million on revenue of €1.33 billion, a rise of 17 percent, for Q3 ending December 31 2015. Ryanair said it expected a net profit between €1.17 billion and €1.22 billion for the full year ending March 31, 2016.

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