Ryanair January

Dublin-based, and no longer listed on the London Stock Exchange, Ryanair has been quick to publish its January flying figures.

The airline operated over 46,400 flights in January with a 79% load factor. In terms of actual passenger numbers it carried 7m passengers as against 1.3m in January 2021, a month very badly affected by Omicron.

It has also reported a “very strong bounce back in bookings” as it posts third-quarter results – but warned that it remained cautious about the impact of Covid-19.

Losses narrowed, with the airline reporting a smaller-than-expected net loss of €93m in the three months to the end of December, compared with a €320.8m loss over the same period the year before. The City had forecast a loss of €101m.  

Revenue over the period rose to €1.47bn, up from €341.2m the year before. Passenger numbers rose 286% to 31.1m, from 8.1m.

“The outlook for pricing and yields for the remainder of the financial year is hugely uncertain … While recent bookings have improved, following easing of travel restrictions, the booking curve remains very late and close-in”, the company stated.

www.ryanair.com

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