| 11.6°C Dublin

Ryanair on track to carry 95 million passengers


Michael O'Leary and Kenny Jacobs

Michael O'Leary and Kenny Jacobs

Michael O'Leary and Kenny Jacobs

The number of passengers carried by Ryanair in February rose 29pc to 5.8m, putting it on track to carry close to 95m passengers in its full financial year.

The airline also said it has committed to buying an additional three aircraft, bringing its total aircraft order with Boeing to 383 jets. Michael O'Leary said that orders will help Ryanair expand its fleet to 520 aircraft by 2024.

Ryanair carried 89.1 millon passengers in the 11 months to the end of February, as it kept more aircraft flying compared to the previous year.

But despite February traditionally being a leaner month for airlines, Ryanair's load factor, or percentage of available seats filled, jumped 11 percentage points to 89pc. Its financial year finishes at the end of March.

On Tuesday, Ryanair chief executive and chief marketing officer Kenny Jacobs unveiled the next stage of the airline's 'Always Getting Better' plan.

It's introducing a raft of cosmetic and other changes this year, including new aircraft interiors, new outfits for cabin crew, a new in-flight menu and the introduction of new products.

Ryanair also issued an €850m bond this week with a coupon, or interest rate, of 1.125pc. The bond was more than three times oversubscribed. The proceeds are being used to help fund its aircraft purchases. Ryanair issued its first bond last June.

Indo Business