Ryanair's passenger numbers dip in March

No-frills airline Ryanair saw its passenger numbers and load factor decline in March compared to a year earlier, partly as a result of reduced capacity.

No-frills airline Ryanair saw its passenger numbers and load factor decline in March compared to a year earlier, partly as a result of reduced capacity.

The Irish airline carried 5.5m passengers in March 2012, down 4% on March 2011's 5.7m.

The load factor only eased by one percentage point - from 79% to 78% - however, as the company has decided to keep scores of aircraft grounded to to higher oil prices.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

In the year-to-date, Ryanair has carried 75.8m passengers and its load factor in the first three months of the year has been 82%.

"As previously guided, Ryanair's 2011/12 winter traffic was expected to decline by approx 5% as we sit up to 80 aircraft on the ground due to higher oil prices," noted Stephen McNamara, Ryanair's head of communications.

JH