Ryanair reports EUR1.9bn profit, 183.7m pax for FY2024

Ryanair reported (20-May-2024) a profit after tax (PAT) of EUR1.9 billion for FY2024, ended 31-Mar-2024, compared to EUR1.4 billion in FY2023. The LCC handled 183.7 million passengers during FY2024, an increase of 9% year-on-year, despite Boeing aircraft delivery delays. Ryanair Group CEO Michael O'Leary reported the carrier expects to grow traffic by 8% to approximately 200 million passengers in FY2025. Mr O'Leary stated that with EU short haul capacity constrained, summer 2024 demand is positive with "bookings trending ahead of last year". Mr O'Leary added: "While visibility is limited, and the outcome will be heavily dependent on close-in peak summer 2024 pricing, we remain cautiously optimistic that peak summer 2024 fares will be flat to modestly ahead of last summer... It is therefore too early to be able to provide sensible or accurate FY2025 PAT guidance". [more - original PR]