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
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
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
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
RICS: Housing market continues to strengthen but 2025 could be challenging
The latest survey by the Royal Institution of Chartered Surveyors reports a resilient UK housing market, but warns of headwinds next year
By Ruth Emery Published
-
Bitcoin price one of the most-asked questions on Alexa - here's how to buy the cryptocurrency
According to figures from Amazon, which cover September 2023 to November 2024, pop star Taylor Swift and Bitcoin were named among the most popular Alexa queries of 2024
By Chris Newlands Published