Ryanair carried a record 16.9 million passengers in August

Ryanair passenger traffic grew to 16.9 million travelers in August, a new record and well above pre-pandemic levels.

raffic increased 52 percent compared to August 2021 and 13 percent in August 2019.

The low-cost airline said it sold 96 percent of its available seats in the month, up 14 percent from August 2021.

Over 92,800 flights were operated in August.

In the 12 months to August, Ryanair carried a total of 148 million passengers, an increase of 236 percent over the year to August 2021 and in line with pre-pandemic levels.

That’s despite March bookings being damaged by the Russian invasion of Ukraine, with the airline selling just 87 percent of available seats and carrying 11.2 million passengers that month.

Ryanair operates 3,000 daily flights to various European destinations.

Flights continued despite strikes in Spain and threats of action in other markets.

The airline aims to increase traffic to 165 million passengers during the financial year, up 11 percent from the pre-Covid level of 148 million.

The airline shrugged off airport disruptions and a volatile cost environment to beat quarterly profit expectations in its first fiscal quarter of this year.

Ryanair reported an after-tax profit of 170 million euros for the three months ended June as traffic recovered sharply following the easing of Covid restrictions.

The result was a big turnaround from a loss of €273 million in the same quarter last year, but not back to the level of the last pre-Covid quarter of 2020, when the company made €243 million.

Revenue rose 602 percent year-on-year to €2.6 billion and passenger numbers rebounded strongly as travel restrictions were lifted and the desire to travel returned.

But operating costs rose 250 percent to €2.38 billion, including a massive 560 percent increase in fuel costs to €1 billion, even though 80 percent of the company’s fuel supplies were hedged at below market rates.

Ryanair chief executive Michael O’Leary said this week the airline was set to overtake easyJet as Britain’s biggest airline, according to The Guardian.

At a press conference in London, he predicted airfares would rise 3-5 per cent in the coming years and said Ryanair would do well in a recession, the newspaper said.

https://www.independent.ie/business/irish/ryanair-carries-record-169-million-passengers-in-august-41955482.html Ryanair carried a record 16.9 million passengers in August

Fry Electronics Team

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