The Irish airline Ryanair registered a profit of 1,465.5 million euros in the first nine months of its fiscal year (April-December), compared to losses of 143.3 million euros in the same period.
In a document published this Monday, the company pointed out that this growth was due to “strong demand for travel with higher fares (+14% than before Covid-19), especially during mid-October and at the peak of Christmas “. New Year’s season.”
In the analyzed period, the airline’s revenues grew by 57%, to 2,312.1 million euros, and operating expenses by 36%, to 2,150.4 million euros, contributing to a quarterly profit of 211 million euros. euro.
Between October and December, Ryanair transported 38.4 million passengers, 24% more than a year ago, while the occupancy rate, which measures the percentage of seats occupied on each route, rose nine percentage points, to 93%. .
Quoted in the note, the executive president (CEO) of Ryanair, Michael O’Leary, said that the company “obtained gains in market share in key markets of the European Union”, highlighting Italy (from 26% to 40%), Poland (27% to 38%), Ireland (49% to 58%) and Spain (21% to 23%).
Ryanair’s forecast for the entire fiscal year, which ends on March 31, is to transport 168 million passengers, but it foresees losses in the last quarter “due to the absence of Easter in the month of March.”
For the year under review, the airline estimates that it will achieve profits of between 1,325 million euros and 1,425 million euros, noting that these references “depend a lot on avoiding adverse effects in the fourth quarter (such as Covid-19 and/or the war in Ukraine)”.
Source: TSF
