The Irish airline at low cost has recorded this summer the biggest profit after taxes in its history.
by Guy Dutheil
It’s done! Ryanair has found its standards before the crisis. The Irish company at low cost has recorded this summer the biggest profit after taxes in its history. The first half of its offbeat exercise ended, at the end of September, on a profit of 1.371 billion euros, said Ryanair, Monday, November 7. And this performance would be just a simple taste. The future promises to be more than laughing for the low cost company.
Next winter, yet a period traditionally not very favorable to airlines, Ryanair already tables on a profit after taxes between 1 billion and 1.2 billion euros. A forecast which remains, however, indicates the management of the company, “enormously dependent” of a revival of the pandemic and the international situation, in particular of the consequences of the war in Ukraine. But optimism is essential because “reservations and prices remain solid for the October holiday period and in anticipation of those of Christmas,” she said.
In fact, neither rampant inflation in Europe nor the threats of recession seem able to harm the found health of the low cost company. “We expect strong growth in the event of recession because consumers will not stop flying, but will rather become sensitive to prices,” she wants to believe. Clearly, passengers will continue to travel but by favoring the lowest rates even more. Those precisely low -cost companies like Ryanair.
Unlike the wishes of environmental defenders, ecological concerns do not seem to weigh very heavy in the face of the diktat of the wallet. Witness the boom in the number of passengers of the Irish company. Faced with the influx, the latter even enhanced “its traffic forecasts for the year 2022/2023 to 168 million passengers against 166.5 million, which marks an increase of 13 % compared to precovid traffic”, S ‘ The company is happy. A figure much higher than the record of 149 million passengers reached before the advent of the pandemic. And it’s not over ! In 2023, Ryanair intended to pulverize all of his records. It plans to transport 185 million passengers.
increase in the price of the plane ticket
The strong rebound from which the Irish company benefits seems paradoxical. The one who became the first European carrier after being the most profitable company is also among those who have raised their rates the most. According to the Directorate General of Civil Aviation (DGAC), between September 2021 and September 2022, the increase in the price of the plane ticket continued “at a sustained pace” to reach 20.4 % all destinations. On international lines, the DGAC still specifies, the 23.6 % increase in prices is “strongly drawn by the medium-haul international network”, and mainly by low cost companies like Ryanair, Easyjet and others “feed everything particularly this evolution “. An observation that sounds the death knell for 10 euros announced this summer by Michael O’Leary, CEO of Ryanair.
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