Ryanair load factor tops 90% for first time since COVID-19 began -Breaking
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© Reuters. FILE PHOTO Ryanair aircraft seen at Dublin Airport following an outbreak of coronavirus (COVID-19), Dublin. Ireland. May 1, 2020. REUTERS/Jason CairnduffDUBLIN, (Reuters) – Ryanair’s load factor – a measurement of airline capacity – reached above 90% on Easter Sunday. It was the highest level since COVID-19’s outbreak.
Ryanair flew 14.2 millions passengers to April 2019, compared to 1 million when it was locked down a year earlier and 13.5million in April 2019. It is now the second month running that Ryanair has taken more passengers than during the same pre-pandemic period.
According to the Irish airline, Europe’s biggest by passenger numbers, it had over 82,600 flights during April, with a load factor of 91%.
Michael O’Leary was the chief executive at Ryanair. He stated that Ryanair’s fleet would reach 90% by April, and then rise to that mark in summer. According to Ryanair, it will be profitable when the occupancy level reaches 80%.
The pandemic’s outbreak saw its load factor rise to at least 96% per month.
Low cost carriers expect to fly 14% more passengers this summer, up from the record low 100 million last year. They will also carry an unprecedented 165 million passengers for the year ending March 2023.
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