HomeTravel NewsRyanair Expecting 8% Jump in Passenger Numbers Following Record Year

Ryanair Expecting 8% Jump in Passenger Numbers Following Record Year

Ryanair expects to grow passenger numbers by 8% – to around 198 million to 200 million – between now and the end of next March, following a record year of earnings.

Ryanair has reported a 34% jump in annual post-tax profits – to €1.92bn – for the 12 months to the end of March; with group revenue ahead by 25% at €13.44bn and passenger numbers for the past 12 months up by 9% to 183.7 million.

Ryanair Tenerife flights

Ryanair group chief executive Michael O’Leary said it remains too early to provide an accurate earnings outlook for the just-started new financial year. However, Mr O’Leary did say that he is “cautiously optimistic” peak summer 2024 fares will be “flat to modestly ahead of last summer”.

Mr O’Leary said: “With EU short-haul capacity constrained, summer 2024 demand is positive, with bookings trending ahead of last year.”

“While visibility is limited, and the outcome will be heavily dependent on close-in peak summer 2024 pricing, we remain cautiously optimistic that peak summer 2024 fares will be flat to modestly ahead of last summer. Q4 [the fourth quarter of Ryanair’s current financial year 2025] will not benefit from an early Easter [as it did in the last financial year]It is, therefore, too early to be able to provide sensible or accurate FY25 PAT [full year profit after-tax] guidanceThe final outcome for FY25 will be heavily dependent upon avoiding adverse events during FY25 – such as wars in Ukraine and the Middle East, extensive ATC disruptions or further Boeing delivery delays,” Mr O’Leary said.    

Geoff Percival
Geoff Percival
Geoff has worked in business, news, consumer and travel journalism for more than 25 years; having worked for and contributed to the likes of The Irish Examiner, Business & Finance, Business Plus, The Sunday Times, The Irish News, Senior Times, and The Sunday Tribune.

Must Read