Ryanair has benefited from the resumption of travel this summer and is posting record profits. The Irish airline thus consolidates its first place in Europe.
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Founded in 1984, Ryanair, the small company has climbed the ladder despite many difficulties in recent years to climb to the first place of low-cost companies on the Old Continent. Overall, it is now number one in the airline sector in Europe by the number of passengers carried. All the signals are green for Ryanair, which took full advantage of the resumption of tourist travel this summer after two years of the Covid effect.
In the six months to September 30, Ryanair made a net profit of 1.37 billion euros. At the same time last year, the group posted a loss close to 50 million. For this winter, while this period is traditionally loss-making, the low-cost airline is expecting a bright start to the year at least until March. Reservations for the winter holidays are on the agenda, but these prospects remain very dependent on the evolution of the international geopolitical situation. Over the whole of the year, Ryanair plans to transport 168 million passengers, much more than the approximately 150 million on board before the health crisis and the various confinements.
The company has made efforts on its already very competitive prices compared to its competitors. Low prices to attract customers and therefore increase volumes. From the post-lockdown recovery, Ryanair lowered the price of its tickets by up to 30%, which weighed on its margins but the number of travelers won back made it possible to finally replenish the accounts. A sign of optimism despite a situation that remains to be monitored, Ryanair plans to create 5,000 jobs over the next few years after having cut some 3,000 since the start of the crisis.