Ryanair Raises Five-Year Passenger Growth Forecast to 50%
September 16 2021 - 2:51AM
Dow Jones News
By Jaime Llinares Taboada
Ryanair Holdings PLC on Thursday raised its five-year growth
forecast to 225 million passengers by March 2026.
The Irish airline said it expects to deliver traffic growth of
50% from the pre-pandemic figure of 149 million passengers a year.
This is up from the previous target of 33% and 200 million
passengers a year by March 2026.
Ryanair also said the performance of Boeing Co.'s B737 aircraft
this summer exceeded expectations and it will take delivery of 210
more over the next five years, subject to Covid-19 developments and
vaccinations in Europe.
"These aircraft will deliver industry lowest costs, reduced
emissions, and will enable Ryanair to accelerate its post-Covid
growth, as opportunities open up at primary and secondary airports
all over Europe, particularly where legacy carriers have failed or
reduced fleet sizes as a result of Covid and state aid," it
said.
The company said it expects to create more than 5,000 new jobs
for pilots, cabin crew and engineers over the next five years, and
it will open 10 new bases across Europe this year.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
September 16, 2021 02:36 ET (06:36 GMT)
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