Ryanair Holdings PLC (NASDAQ:RYAAY) Q2 2021 Earnings Conference Call November 2, 2020 4:00 AM ET
Company Participants
Michael O'Leary - Group CEO & Executive Director
Neil Sorahan - Group CFO
Juliusz Komorek - Group Chief Legal & Regulatory Officer and Company Secretary
Edward Wilson - CEO, Ryanair DAC
Conference Call Participants
Jarrod Castle - UBS Investment Bank
Daniel Roeska - Sanford C. Bernstein & Co.
Savanthi Syth - Raymond James & Associates
Mark Simpson - Goodbody Stockbrokers
Stephen Furlong - Davy
James Hollins - Exane BNP Paribas
Jaime Rowbotham - Deutsche Bank
Muneeba Kayani - Bank of America Merrill Lynch
Ruxandra Haradau-Doser - Kepler Cheuvreux
Carolina das Dores - Morgan Stanley
Neil Glynn - Crédit Suisse
Alexander Paterson - Peel Hunt
James Goodall - Redburn
Operator
Hello, and welcome to the Ryanair H1 FY '21 Results Conference Call. [Operator Instructions].
Today, I'm pleased to present Michael O'Leary, Group CEO. Please go ahead with your meeting.
Michael O'Leary
Okay. Good morning, ladies and gentlemen. Welcome to the Ryanair Half Year Results conference call. You'd have seen this morning that we have released the half year results on the website. There is a comprehensive slide presentation and a Q&A on the website. So I would take it all that as read or seen. And then I'll just give you some comments on top of that. So as you've seen the results this morning, covered a 6-month period to the end of September.
A first quarter, we were essentially grounded, successfully returned to service in the 1st of July. We've run with about 60% of that capacity through the summer season, following all the ECDC and EASA health measures. And that has been successfully implemented. Conscious of the need to prioritize the balance sheet and cash, in September, we raised €1.25 billion, a €400 million equity placing, which was led by the management team. And we've also
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