After a surge in summer bookings in recent weeks, Ryanair expects to carry 100 million passengers this fiscal year, but it warns that it is not expected to be profitable this year.
Due to the coronavirus vaccination plan and the relaxation of some travel restrictions, the Irish airline raised its forecast for the number of passengers for the 12 months ending March 2022 to 9-100 million.
Without further setbacks caused by Covid-19, it expects to transport more passengers in the summer, increasing from 5 million in June to nearly 9 million in July, and reaching 10 million in August.
However, the company warned that it expects to have a small loss or just break even in the year to March, as it reported that it was still at a loss in the first quarter of the current fiscal year.
Ryanair reported a loss of 273 million euros (234 million pounds) in the three months to the end of June, and stated that Covid continued to “cause severe damage” to its business during this period. At that time, most Easter flights were cancelled and the speed Slower than expected to relax travel restrictions on EU governments.
The low-cost airline carried 8.1 million passengers from April to June this year, up from 500,000 in 2020, although its losses have increased by nearly half, higher than the 185 million euros reported a year ago.
Michael O’Leary, CEO of Ryanair, said: “There is significant uncertainty regarding the travel green list (especially in the UK), and the government is Ireland This means that bookings for the first quarter are close and the fares are low.
“The EU Digital Covid Certificate (DCC) launched on July 1 and the quarantine of vaccinated British immigrants have been lifted since mid-July, and bookings have soared in recent weeks.”
The airline stated that ticket prices are still lower than before Covid and are focusing on the restoration of transportation and tourism across the European network during the summer.
The announcement comes after Ryanair stated that its goal is Recruit 2,000 pilots For the next three years, it tried to rebuild its passenger numbers after the pandemic.
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Airlines have also begun to take Delivered its first Boeing 737 Max Aircraft and has ordered more than 200 aircraft.
Ryanair marks the Boeing aircraft as a “game changer” because it has better fuel efficiency and seat capacity compared to the existing fleet.
Although Ryanair and the aviation industry have been hit hard during the pandemic, the airline believes that it has the ability to benefit from the difficulties of its competitors during the crisis, which has led to The collapse of European competitors.
