Ryanair has reduced its annual net loss – 2022-05-16 at 11:45


(AOF) – Ryanair reduced its net loss in its 2021-2022 financial year (ending March 2022). The latter amounted to 355 million euros before exceptional items, against a loss of one billion euros in the previous year. At the same time, the low-cost airline carried more than 97 million passengers, compared to 27.5 million in the previous financial year and 149 million pre-crisis. Turnover amounted to 4.80 billion euros, compared to 1.64 billion euros in the previous financial year.

During its last financial year, the Irish company reduced its net debt: it went from 2.3 billion euros to 1.5 billion euros. Ryanair has a ‘BBB’ credit rating from S&P and Fitch, with a stable outlook. The company intends to reduce this net debt to zero over the next two years.

For its current financial year, which will end at the end of March 2023, Ryanair expects to carry 165 million passengers. In addition, the group hopes for a return to “reasonable profitability”. However, he clarified that the recovery remains fragile and is unable to communicate financial objectives, due to the risks linked to the war in Ukraine and to Covid.

Finally, Ryanair says it has covered 80% of its kerosene purchases for the current financial year. However, the 20% not covered will result in “unbudgeted cost increases”.

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A future reduction in the number of trips

According to a study by Roland Berger, the number of personal and professional air travel could drop by 20% once the crises have passed. This negative trend is a result of environmental concerns. L

Passengers should opt more for environmentally friendly airlines

. This approach is an extension of the movement



flygskam »

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“the shame of flying”, born in Scandinavia shortly before the start of the pandemic. The development of virtual mobility will also encourage the decline in travel, which will be greater for business travel (around 21% to 24%) than for personal travel (14% to 20%). According to the study, long-haul will not return to 2019 levels until 2026.



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