2023-05-22 20:59:16
A Boeing 737 on approach to Beauvais airport. Ryanair uses this aircraft exclusively to maintain its costs. PAU BARRENA/AFP
DECRYPTION –With its historic order for 300 Boeing 737 Max, the low-cost airline has big ambitions.
Ryanair resumes its ascent after the sharpness of the crisis linked to Covid. The Irish low-cost airline posted 1.4 billion euros in net profit and a turnover of 10.8 billion euros for its staggered financial year which ended at the end of March. It has almost regained its record level of 2018, of 1.45 billion euros. It comes out of the red where it was still plunged last year with a loss of 355 million euros, and even 1 billion euros in the 2020-2021 financial year.“We have seen a very strong recovery in the trafic post-Covid. This is now 13-14% higher than our pre-Covid volumes, but profitability is still slightly lowersummed up the boss of Ryanair, Michael O’Leary. People had been locked down for two years and they wanted to start traveling again.»
The giant ambitions of the leaders of Ryanair become possible again. They target 300 million passengers transported per year from 2034. Last year, the company, European leader…
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