logo
  

Ryanair Raises 5-year Traffic Growth Forecast To 50% - Quick Facts

Ryanair Holdings plc (RYA.L,RYAAY) said, subject to no adverse Covid developments, the Group will take delivery of 210 B737 Gamechanger aircraft over the next 5 years. Also, Ryanair Group airlines now anticipate more rapid traffic growth over the next 5 years, and raised their 5 year traffic growth forecast from 33% to 50%. Ryanair's traffic is projected to grow to over 225 million guests by March 2026, which is 25 million passengers p.a. higher than the previous target of 200 million.

Ryanair will open 10 new bases across Europe in the current year. The company expects to create over 5,000 new jobs for pilots, cabin crew and engineers over the next 5 years.

Ryanair is holding its AGM on Thursday. The company said, based on proxy votes already received, shareholders have approved all resolutions.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
HSBC Holdings Plc shares were gaining In London trading as well as in pre-market activity on the NYSE after the Asia-focused lender backed its positive outlook after reporting significantly higher third-quarter profit. Further, the company announced share buyback of $2 billion, which will be commenced shortly. Walmart is recalling certain Aromatherapy Room Spray due to the possible presence of a rare and dangerous bacteria that is suspected to be behind two deaths in the United States, the U.S. Consumer Product Safety Commission said. The recall involves about 3,900 bottles of Better Homes and Gardens-branded Essential Oil Infused Aromatherapy Room Spray with Gemstones in six different scents. Royal Caribbean Group's ultra-luxury brand Silversea Cruises is set to launch the world's first hybrid-powered cruise ship in the summer of 2023. This will also be the first ship with large-scale fuel cell technology to enable emission-free port operations. The fuel cells will provide 100% of power while at port.
Follow RTT