Subscribe Login
General Industry

Ryanair Group’s Full-Year Traffic Recovered To More Than 97m

By Dave Simpson

According to a statement published on Corportate.Ryanair.com, Ryanair Holdings plc expects to report a pre-exceptional FY22 (which is the year that ended on 31 March 2022) net loss of -€350 million to -€400 million, following a previously guided range of -€250 million to -€450 million. Ryanair Group’s full-year traffic recovered to more than 97 million, following 27.5 million in FY21, but below pre-pandemic traffic of 149 million.

Balance Sheet

According to the aforementioned statement, Ryanair’s balance sheet has a BBB (stable) credit rating (S&P and Fitch), and year-end (31 March) net debt dropped to €1.5 billion from €2.3 billion the previous year. Approximately 90% of the group’s fleet of B737 aircraft are unencumbered.

Fuel And Next Market Update

Since its last market update, on 31 January, Ryanair has increased FY23 (which is the year that will end on 31 March 2023) fuel hedging to 80% cover (approximately 65% jet swaps at $630 and 15% caps at $775 per metric tonne). Close to 10% of Ryanair’s H1 FY24 fuel requirements are hedged at $760 (via jet swaps), according to the statement published on Corporate.Ryanair.com, which also noted that, as this is a closed period, Ryanair Group’s next market update will be on 16 May, when it releases its FY22 results.

Get a FREE Digital Subscription!

Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our Terms & Conditions and Privacy Policy

© 2022 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

Enjoy a FREE Digital Subscription
Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
Enjoy a FREE Digital Subscription
Enjoy a FREE Digital Subscription
Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
Enjoy a FREE Digital Subscription