Image: (EPA)
The number of passengers in 2023/24 (by the end of March) is expected to increase by 10 percent to 185 million, the company announced on Monday in Dublin. However, this number could also be slightly lower due to the postponement of aircraft deliveries by the US manufacturer Boeing. Kerosene costs are likely to increase by a billion euros. However, increasing sales should be able to compensate for this. Ryanair therefore sees net profit slightly higher than in the previous year.
In the past financial year, Ryanair continued to recover from the consequences of the corona pandemic and benefited from price-conscious customers who opted for cheap travel in the face of inflation. Sales more than doubled in 2022/23 to almost 10.8 million euros.
The number of passengers increased by 74 percent to 168.6 million, with the company gaining market share in most EU countries. After tax, Ryanair earned 1.43 billion euros. In the previous year, the Irish had recorded a loss of 355 million euros. The numbers were slightly better than analysts had expected.
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