Connect with us


Ryanair to fly 165 million passengers in next financial year, CEO tells paper

Ryanair to fly 165 million passengers in next financial year, CEO tells paper 1

MADRID (Reuters) – Irish airline Ryanair expects to fly 165 million passengers as it returns to profit in the year to March 2023, Chief Executive Michael O’Leary told Spanish newspaper Cinco Dias.

O’Leary said he expects occupancy on the airline’s jets will rise to between 90% and 95% this summer, the paper reported on Monday.

Ryanair is profitable when occupancy reaches 80%, O’Leary was quoted as saying.

The Irish low-cost airline, Europe’s largest by passenger numbers, flew 130 million passengers in the financial year that ended as the COVID-19 pandemic was taking hold in March 2020, and only 27 million the following year.

(Reporting by Inti Landauro; Editing by David Goodman)

Editorial & Advertiser disclosure
Our website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
Global Banking and Finance Review Awards Nominations 2022
2022 Awards now open. Click Here to Nominate


Newsletters with Secrets & Analysis. Subscribe Now