Ryanair, the budget airline, has achieved yet another milestone by flying a record-breaking 18.7 million passengers during the month of July. This marks the third consecutive month in which the airline has set a new record for passenger numbers. The figure represents an impressive 11% increase compared to July of last year, with an impressive 96% of seats being filled.
July is known to be one of the busiest months in the airline industry, and it is also one of the most profitable periods for Ryanair. This July, the airline reached a significant milestone by surpassing 18 million passengers in a single month for the first time in its history. It is worth noting that in May of this year, 17 million passengers flew with Ryanair, and this number increased to 17.4 million in June.
In a recent trading update, Ryanair reported a profit after tax of €663 million for the three months ending in June. During this period, the airline generated a total revenue of €3.6 billion. Despite the impressive financial results, Ryanair has revised its traffic forecast for the financial year ending in March 2024. The airline now expects a growth rate of 9%, projecting a total of approximately 183.5 million passengers. This revision was made due to delays in plane deliveries from Boeing and air traffic controller strikes in France. Initially, the airline had forecasted a total of 185 million passengers.
Ryanair faced significant disruptions in July, as it was forced to cancel 800 flights due to strikes in France and ground crew strikes in Italy. These strikes had a considerable impact on the airline’s operations and resulted in numerous flight cancellations.
Despite these challenges, Ryanair is currently operating its largest-ever summer schedule, with over 3,200 flights and up to 600,000 passengers being transported daily. The airline continues to focus on expanding its operations and attracting more passengers, despite the obstacles it has faced in recent months.
As Ryanair continues to break records and expand its services, it remains a dominant player in the budget airline industry. With its commitment to low fares and a vast network of destinations, the airline continues to attract millions of passengers each month. As the summer season progresses, it will be interesting to see if Ryanair can maintain its impressive passenger numbers and financial performance.
