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Ryanair's boss Michael O'Leary told the BBC the aviation industry was experiencing a "very strong recovery" all over Europe. He said the carrier would expect to return to profitability in the financial year ending in March 2023. O'Leary said that keeping prices low and passenger numbers high would "set us up strongly for a very strong recovery" it would also help the airline see off struggling competing airlines in Europe. It is an interesting stance for Ryanair to take, while world leaders have converged on Glasgow for COP26 and all environmental campaigners are saying how we should reduce air travel.
Ryanair reported an after-tax loss of €48m for the six months to September, which compared with a loss after tax of €411m a year earlier. It carried 39.1 million passengers in the same period, more than 2020, but 54% fewer than in the same period of 2019.
- H1 traffic rebounded by 128% from 17.1m to 39.1m.
- 1st B737-8200 “Gamechanger” delivered in June (65+ for peak S.22).
- Customer Advisory Panel 1st met in Sept.
- €1.2bn 5-year unsecured bond issued in May at record low 0.875% coupon.
- Strong Sept. cash balance of €4.24bn (up from €3.15bn at 31 Mar.).
- Net debt fell from €2.28bn at 31 Mar. to €1.50bn at 30 Sept. (CCFF £600m loan repaid in Oct).
- 560 new routes & 14 new bases announced for W.21/S.22.
- 5-year growth accelerates to 225m p.a. by FY26 (prev. 200m p.a.).
| H1 – Group | 30 Sept. 2020 | 30 Sept. 2021 | Change |
| Customers | 17.1m | 39.1m | +128% |
| Load Factor | 72% | 79% | +7pts |
| Revenue | €1.18bn | €2.15bn | +83% |
| Op. Costs | €1.35bn | €2.20bn | +63% |
| Net Loss | (€411m) | (€48m) | n/m |
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