Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Ryanair sees 'huge uptick' in European air travel

Published 07/02/2021, 12:05 PM
Updated 07/02/2021, 12:11 PM
© Reuters. FILE PHOTO: A Ryanair flight from Manchester arrives at Faro Airport, in Faro, Portugal, May 17, 2021. REUTERS/Pedro Nunes

DUBLIN (Reuters) - Ryanair is seeing a "huge uptick" in air travel across Europe, with the exception of Ireland and parts of the British market, Group Chief Executive Michael O'Leary said on Friday.

Ryanair flew 5.3 million passengers in June, up from just 400,000 in the same month a year ago when the industry was shut down but far below the 14.2 million flown in June 2019. O'Leary said he expected to carry more than 8 million passengers in July with a load factor of around 75%.

"There's been a huge uptick in recovery in air travel across Europe. I think Europe, excluding Ireland, will recover to 75-80% of normal traffic volumes through July, August and September," O'Leary told Ireland's Newstalk radio station.

Latest comments

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.