Ryanair return to benefitsalthough it has nothing to do with the records I have before the pandemic. Inside first quarter of your fiscal year –April-June– Irish airline 170 million euros earned 273 million Euro loss in the same period of 2021however, it is far from the 243m euros achieved by the ‘low cost’ in the same period of 2019. ticket prices, between July and September located “A low double-digit percentage above the summer 2019 peak,” or more than 10%.
This is how the first airline in Spain by number of passengers explains it in the presentation of the results, where it lays out some of the results. 2,601 million euros in revenue, six times more than in 2021 and 12% higher than the previous year due to the pandemic (2019). This achievement was achieved by shipping 45.5 million passengers (93% occupancy), compared to 8.1 million in the previous year. In this sense, the airline acknowledges that the occupation of Ukraine has had a negative impact on Easter bookings and rates.
While rates fell 4% this quarter compared to the same period of the previous year, revenues from ancillary services (luggage, priority boarding, etc.) continued to perform strongly as traffic increased, generating more than €22.50 per passenger. The increase in fuel costs has already reached 1,000 million euros. The company covered 60% of the fuel for this year and 30% for the next year.
One of the main differences for Ryanair compared to 2019 lies in the 30% increased fuel costs. has already exceeded one billion euro. During the fiscal year that will end in March 2023, 80% of the fuel to be used by the company and 30% in the following periods are under price guarantee.
CEO of the airline Michael O’LearyIt acknowledges a “very strong but still fragile recovery” marked by “unexpected” events beyond the airline’s control, such as the war in Ukraine and its impact, thus providing “limited visibility” into what might happen in the second quarter. “empty” for the rest of the year andclear signs of suppressed demand“Reservations remain closer to normal (pre-Covid) at this time of year.” maintains its forecast to increase passenger numbers to 165 million during the year11% more than before the pandemic, within the reach plans 225 million passengers in five years.
The company has cut its debt by 400,000 euros to 1,450 million and plans to cut it to zero within two years of our balance sheet, ensuring the group is well positioned to take advantage of the many growth opportunities that exist in post-Covid Europe,” he says, immersed in a strike in Spain called for by the airline. USO and Sitcpla unions, who represents cabin crew (TCP)never talked about.
Ryanair says it’s reaching Agreements with unions representing more than 80% of their pilots and around 70% of their ‘commissioners’ across Europe to “restore” salaries before covid and adds that he hopes to “make deals with the rest in the near future”. The airline also announced that it expects Creating 6,000 jobs by 2026 and investment of more than 100 million Euros two highly qualified training facilitiesone of them Iberian Peninsula.