Ryanair is cutting its traffic target for the financial year by 2 million passengers as the carrier limits its exposure to soaring unhedged fuel prices.
Europe’s largest low-cost airline said Wednesday it now expects to carry 214 million passengers, down from its previous target of 216 million. The reduction is concentrated in the November-to-March period.
Despite the winter warning, the company has continued to grow strongly this summer. Ryanair carried 22.2 million passengers in August, up 6% from 21 million a year earlier, with its load factor – an industry metric for average seat occupancy – unchanged at 96%. More than 120,500 flights operated during the month, despite 400 being canceled due to eruptions at Sicily’s Mount Etna.
For the 12 months through August, Ryanair carried 214.4 million passengers, up 5% from 203.6 million – but the economics of the coming winter look far less attractive.
Minimizing Fuel Exposure
Rephrase in a different way as if you were a native American speaker as a content creation expert and do not talk about yourself or your experience in the text and do not show yourself as an artificial intelligence who wrote and fill the bullet point in the topic and speak the heart of the topic itself and dont take date of blog in ther first and dont take text like box of newsliter subscribe on post from content and romove all linke insert in content and and remove all affiliate disclosure phrases on content like this “This post may contain Amazon or other affiliate links that allow us to earn a small commission at no extra cost to you. Please see our Disclosure Policy for more info” and “#” put in its place bullet point, and romove name of the web site or his links we are take a content from our new creation, and don’t publish clone new content more than just one time
