Europe’s largest price range airline made €1.43bn (£1.24bn) in revenue between April 2022 and March 2023 – equal to a mean of virtually £40 per second.
Ryanair stated “sturdy site visitors restoration and beneficial oil hedges” circled a earlier 12 months lack of €355m (£309m).
Common fares are 10 per cent greater than pre-Covid ranges, with “ancillary gross sales” – extras to primary fares – incomes €23 (£20) from the everyday passenger.
The provider flew 168.6m passengers within the full monetary 12 months, up 74 per cent on the earlier 12 months – which was severely impacted by the Covid pandemic. The 2022-23 determine equates to a mean 462,000 passengers per day, with 93 per cent of seats stuffed on the everyday flight – up from 82 per cent the earlier 12 months.
Greater than 80 per cent of Ryanair’s gas was “hedged” – purchased forward at effectively beneath market costs – which over the 12 months saved the Group about the identical as its total revenue determine.
Its assertion stated: “Ryanair was absolutely staffed to function its summer season 22 schedule, whereas many rivals cancelled capability (usually at brief discover) within the face of extreme workers shortages.
“Ahead bookings and air fares at present into summer season 23 are sturdy and we proceed to induce all prospects to e book early to keep away from rising ‘close-in’ costs.”
However airline bosses are anticipation additional air-traffic management (ATC) strikes throughout the summer season.
The outcome assertion stated: “In anticipation of additional ATC disruptions, now we have invested closely in our operations (elevated crew ratios, doubled the dimensions of our ops centres, enhanced day-of-travel app and we proceed to enhance buyer comms) to make sure that our passengers and crews proceed to get pleasure from Ryanair’s trade main OTP [on-time performance] and reliability.”
It says it has made “Sturdy market share positive factors in Italy, Poland, Eire, Spain and throughout Europe” as different airways have lowered capability..
Ryanair says the pay cuts imposed throughout the pandemic have been “restored 28 months early by settlement for nearly all crews”.
The Ryanair Group chief govt, Michael O’Leary, performed up the airline’s environmental file, saying: “Passengers who change to Ryanair (from EU legacy airways) can cut back their emissions by as much as 50 per cent per flight. Over the previous 12 months, we made important progress to change into internet carbon impartial by 2050.
“We’re campaigning to speed up reform of European ATC to remove avoidable flight cancellations/delays, which is able to considerably decrease gas consumption and CO2 emissions.”
Wanting forward, the Ryanair assertion stated: “We’re cautiously optimistic that full-year income will develop sufficiently to cowl our €1bn [£870m] greater gas invoice and nonetheless ship a modest year-on-year revenue enhance.
“This steering stays closely dependent upon avoiding opposed occasions such because the warfare in Ukraine or additional, repeated, Boeing supply delays.”
