Judgment of the General Court (Eighth Chamber) of 25 June 2025.#Ryanair DAC v European Commission.#State aid – German air transport market – Public loan guaranteed by Germany to Condor Flugdienst in the context of the COVID-19 pandemic – Decision not to raise any objections – Aid intended to make good the damage caused by an exceptional occurrence – Article 107(2)(b) TFEU – Assessment of the damage – Direct causal link – Assessment of the amount of the aid – Principle of non-discrimination – Freedom to provide services – Freedom of establishment – Obligation to state reasons.#Case T-366/22.