Ryanair expects ten percent more passengers

Boeing 737-800 (Photo: Jan Gruber).
Boeing 737-800 (Photo: Jan Gruber).

Ryanair expects ten percent more passengers

Boeing 737-800 (Photo: Jan Gruber).
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Currently, the Ryanair Group expects to have around 2023 million passengers in the current financial year 24/2024, which ends at the end of March 185. This would be ten percent higher than in the previous period. However, delivery delays for additional Boeing 737 Max 200s are proving to be a stumbling block.

For this reason, too, the leased Airbus A320 fleet, which is based at the Maltese subsidiary Lauda Europe, will be operated for longer than announced. The contracts of most units have been extended again and some of them now run until 2030.

In the short term, the fact that Ryanair has a shortage of around ten planes in May, June and July is causing problems. According to CFO Neil Sorahan, there are about 750.000 fewer. However, there is still optimism that Boeing will be able to make up for the current delays from August 2022 and that the effects will therefore be limited.

Ryanair suspects that fuel costs will generally increase. For the current financial year, additional expenditures of one billion euros are expected compared to the previous period. This should be offset by the fact that sales would generally increase. One would benefit from the fact that, in view of everyday inflation, more and more passengers would switch to cheaper providers such as Ryanair. The management of the low coster therefore forecasts that the net profit will be slightly higher than that of the previous year.

Most recently, Ryanair had a profit after tax of 1,43 billion euros. Compared to the Corona year 2021, the number of passengers carried increased by 74 percent to 168,6 million euros. In the current period, there is about 25 percent more capacity in the pre-pandemic market. By 2026, 110 more Boeing 737-Max-200 are to be taken over. Between 2027 and 2033 you will get up to 300 larger B737 Max 10s.

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