⌛ Did you miss ProPicks’ 13% gains in May? Subscribe now & catch June’s top AI-picked stocks early.Unlock Stocks

Ryanair expects to fly 4.5 million passengers in July

Published 06/30/2020, 07:09 PM
Updated 06/30/2020, 07:10 PM
© Reuters. FILE PHOTO: Outbreak of the coronavirus disease (COVID-19) in Dublin
EZJ
-
0RYA
-

DUBLIN (Reuters) - Ryanair (I:RYA) expects to fly more than 4.5 million passengers in July as it returns to a more regular schedule with 40% of its usual capacity for the peak summer month, it said on Wednesday.

While that would be a drop of almost 70% from July last year, it would be a huge increase from April and May when Europe's biggest budget airline flew just 110,000 passengers.

The Irish carrier has operated a skeleton service since the COVID-19 pandemic shut down most European air travel in the middle of March and plans to restore almost 90% of its routes from July 1, albeit with fewer flights.

Passenger numbers for June are due to be released in the coming days.

Ryanair is trying to entice passengers back into the sky with lower fares and said a sale introduced on Wednesday represented the lowest fares ever offered by Ryanair during the peak summer months.

"These 1,000 daily flights mark an important turning point for Ryanair and for the tourism industry of Europe," Ryanair Group Chief Executive Michael O'Leary said in a statement. "We expect in July to carry more than 4.5 million customers."

© Reuters. FILE PHOTO: Outbreak of the coronavirus disease (COVID-19) in Dublin

Budget rival EasyJet (L:EZJ) resumed flying in mid-June but has said it expects its capacity to be about 30% of usual levels for the busy July-to-September season.

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.