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Ryanair passenger numbers soar thanks to Easter holiday boom

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Ryanair’s passenger numbers rose by more than 3 million as the number of outbound travelers increased over the Easter holidays.

Yanair carried a total of 14.24 million in April compared to 11.2 million in March, with a load factor of 91 percent compared to 87 percent in March.

The airline operated over 82,600 flights in April with a load factor of 91 percent. Those numbers were up nearly 22 percent from flight numbers in March.

Traffic in March was impacted by the Russian invasion of Ukraine, Ryanair said in a statement on Wednesday, with 2,000 flights to and from Ukraine a month being canceled due to airspace closures resulting from international sanctions following the Russian invasion on February 24.

Traffic in December, January and February was impacted by Omicron restrictions, the company said in an update on Wednesday.

Goodbody analysts Mark Simpson and Nuala McMahon said the Easter-driven performance reinforced their belief “that airlines will be talking about the strength of demand and pricing this summer season in the upcoming earnings season.”

They said last month’s data point was the best utilization factor since March 2020.

In 2021, Ryanair Holdings reported a full-year loss of 815 million euros after full-year traffic fell 81 per cent to 27.5 million due to Covid-19 restrictions.

Last month, Ryanair announced that it expected a net loss of between €350 million and €400 million for the financial year ending 31 March 2022.

The previous guidance had estimated losses between 250 and 450 million euros.

Year-end net debt decreased to 1.5 billion euros, compared to 2.3 billion euros in March 2021.

The company has increased its fuel hedge to 80 percent for its full-year 2023 guidance. Ryanair will release full year results on May 16th.

The group said in a statement last month that full-year traffic had recovered to over 97 million passengers, well above 2021 figures but still below the pre-Covid traffic of 149 million.

In March, Ryanair operated over 67,800 flights with a load factor of 87 percent with passenger numbers up to 11.2 million compared to 0.5 million in March 2021.

https://www.independent.ie/business/irish/ryanair-passenger-numbers-up-thanks-to-easter-holiday-boom-41613189.html Ryanair passenger numbers soar thanks to Easter holiday boom

Fry Electronics Team

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