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Ryanair upbeat as bookings soar

by LLB Reporter
30th Jan 23 9:56 am

Ryanair says it grew its market share in several key EU markets during the last quarter.

Most notable gains, it says, were in Italy (from 26% to 40%), Poland (27% to 38%), Ireland (49% to 58%) and Spain (21% to 23%).

Overall, Ryanair operated at 12% above its pre-Covid capacity over the last nine months.

Chief Executive Officer Michael O’Leary said in a statement that demand is strong: “With Asian tourists now returning and a strong US dollar encouraging Americans to explore Europe, we’re seeing robust demand for Easter and summer 2023 flights.”

Turmoil in the airline industry is an opportunity for Ryanair to keep growing, O’Leary adds: “Over the past 3 years, numerous airlines went bankrupt and many legacy carriers (incl. Alitalia, TAP, SAS and LOT) significantly cut their fleets and passenger capacity, while racking up multi-billion-euro State Aid packages.

“These structural capacity reductions have created enormous growth opportunities for Ryanair.”

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