Nov. 7 () –
Ryanair has recorded a net profit of 1,371 million euros in the first six months of its fiscal year, ended on September 30, compared to the loss of 48 million that it obtained in the first six months of the previous fiscal year.
As reported by the company, revenue for the period has more than tripled that during the same period of the previous year, reaching 6,620 million euros, while the operating cost doubled, to 4,980 million euros.
The company has highlighted the strong recovery of air traffic in the first half of the year, when it reached 95.1 million passengers for Ryanair, compared to 39.1 million the previous year.
The group has highlighted that its airlines have obtained “sector-leading” operating results and that they have registered a “solid recovery in traffic after the pandemic”. This summer, the group’s airlines operated at 115% capacity before Covid.
However, he has pointed out that their growth is being “hampered” by “Boeing’s inability to meet its delivery schedule in the third quarter”, despite having promised them that deliveries to Ryanair “will be a priority”. In total, the company expected 73 ‘Gamechanger’ planes for this year’s traffic peak, but now estimates that it will only receive ten or twelve of the 21 it expected before Christmas.
Thus, despite the fact that the manufacturer hopes to deliver the remaining 51 aircraft before the traffic peak in 2023, Ryanair has stressed that there is a risk that some of these deliveries will be diverted.
Regarding fuel, the company has 81% covered its needs for the fiscal year, while for the following year they are 50% covered.
On the other hand, Ryanair has highlighted that inflation is not reducing the desire to travel, only making passengers more sensitive to prices, for which it has expressed its hope of “growing strongly” in this recession and that many Europeans ” fly with Ryanair” for its lower prices.
For the rest of the year, the company has planned not to be affected by new variants of Covid or by other events, such as Russia’s invasion of Ukraine, both factors present in the second half of the previous year. However, it has anticipated that it will close the year with 168 million passengers, 13% more than before the pandemic.
Regarding labor negotiations, Ryanair has indicated that it reached agreements with most unions to reduce wages during the pandemic, but that, given the good results, it will restructure wages for December 1, so they will obtain his full salary for christmas. In addition, he claims to have sent a letter this Monday to the 10% of unions with which they have not reached an agreement to encourage them to negotiate and reach an agreement.
