Ryanair returns to profit – Kommersant

Following the results of the financial year ended in March, the largest European airline Ryanair received a near-record profit of €1.43 billion, despite a weak first quarter and losses in the fourth quarter. Last year, it had an annual loss of €355 million. In a statement, the company attributed the increase in passenger traffic to the recovery of passenger traffic, higher fares, as well as lucrative deals on the purchase of fuel.

Ryanair’s annual revenue more than doubled to €10.78 billion. Passenger traffic grew by 74%, the airline carried 168.6 million passengers, and this is 13% above the level of 2020 fiscal year, that is, before the pandemic. The aircraft load factor increased from 82% to 93%. The company added 5 new airports and about 300 new routes. Ryanair’s market share in European countries also increased, especially in Italy – from 27% to 40%, in Poland – from 26% to 36% and in Ireland – from 49% to 58%.

In the current financial year, as Ryanair management predicts, profits will grow even more, and will break the record of 2018, when this figure amounted to €1.45 billion. is high, and tariffs for the peak summer season show an increase higher than last year. According to him, the current first quarter will be much stronger than the same period last year, which was negatively affected by the situation around Ukraine. Ryanair is expected to carry 186 million passengers this year, given that it now has almost 2,500 routes and about 3,000 flights daily.

Alena Miklashevskaya