Ryanair sees passenger traffic fall by 48%

Daniel Fowler
April 6, 2020

Ryanair specific traffic declined 48% from 10.9 million in March of a year ago to 5.7 million in March of 2020, with a load factor of 91%, while Laudamotion passenger numbers declined 50% to 0.2 million from 0.4 million in March of 2019, with a load factor of 91%.

It reported 2020 traffic up 4% to 149 million passengers.

Ryanair saw air traffic plunge in March, and warned it expected to carry minimal "if any" traffic in the coming months.

But it still expects to report pre-tax profits of between €950m (£831m) and €1bn for the year ending March 31 - even though traffic fell by almost 50pc last month compared to the previous year.

The budget airline group, which includes Austrian airline Lauda, said widespread flight bans and travel restrictions mean its flight numbers are now just 1% of normal levels. It is now operating fewer than 20 daily flights, or less than 1% of its normal schedule of more than 2,500 flights.

The airline expects its fleet to remain largely grounded for at least April and May.

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Irish Ryanair airline has faced a cost of € 300 million in the recently closed financial year as a result of previous agreements on aviation fuel.

Last month it deferred all capital expenditure and share buybacks, froze recruitment and cut pay by 50%. "We are engaging with our people and our unions across all EU countries to agree [to] payroll support mechanisms as they are put in place by EU governments". "However, we equally support the EU Commission's position that any such government supports must comply with all EU State Aid and Competition rules", Ryanair stated.

Ryanair also pulled its guidance for the 2021 full year because of the "continued uncertainty on the impact and duration of the Covid-19 pandemic".

Ryanair has been forced to park a lot of its fleet.

Ryanair has canceled most of its flights starting from midnight of March 24.

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