Ryanair traffic hits new record in August, up 12% year on year
Reuters
Published Sep 04, 2023 08:23
Updated Sep 04, 2023 11:17
DUBLIN (Reuters) - Ryanair (LON:0RYA) flew 12% more passengers in August than in the same month last year, it said on Monday, its latest all-time traffic record in what is typically its busiest month.
Europe's largest airline by passenger volume said it flew 18.9 million passengers in August, up from 16.9 million a year earlier and up from 14.9 million in August 2019, before the COVID-19 pandemic hit.
It achieved its previous record, 18.7 million passengers, in July.
The Irish airline has said it expects traffic in the financial year to March 2024 to grow by 9%, to around 183.5 million passengers.
Analysts at Citi reiterated a 'buy' rating for the airline in a note following the release of the passenger data, saying it sees the airline as a "market share consolidator in Western Europe, with growth potential in Eastern Europe".
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Written By: Reuters
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