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Highlights
- Ryanair’s CEO Michael O’Leary reportedly said the airline anticipates about 10 per cent fewer passengers in December 2021 and January 2022.
- The airline reportedly expects about 10 million passengers in December, compared to its earlier forecast of 11 million.
- The group’s November 2021 traffic rose to 10.2 million, up from 2.0 million in November 2020.
Amid rising customer concerns around the new Omicron variant, Ireland based low-cost airline Ryanair Holdings PLC’s (LON: RYA) has come up with a warning of a hit on its December-January capacity.
Company’s CEO Michael O’Leary said the airline anticipates about 10 per cent fewer passengers in December 2021 and January 2022, according to media reports quoting the CEO in Guardian newspaper interview.
Passenger drop expected in December and January
The airline reportedly expects about 10 million passengers in December, compared to its earlier forecast of 11 million. The company will aim to slash about 10 per cent of its passenger capacity next month, in January 2022.
The report quoted O'Leary as saying that the initial weeks of this month had impacted booking to and from Ireland and the UK. Ryanair’s CEO added that the rest of the European region were still travelling. Though he said Ryanair’s Christmas season was ‘well booked’
Ryanair’s November traffic statistics
The group’s November 2021 traffic rose to 10.2 million, up from 2.0 million in November 2020.
And its load factor in November 2021 increased to 86 per cent, from 62 per cent in the year before. The airline had operated 62,300 flights in November 2021.
Comparatively, the group’s traffic for the month of October was 11.3 million, and the load factor was 84 per cent. And September 2021, traffic stood at 10.6 million and a load factor of 81 per cent.
Upcoming delisting from LSE
The airline had said last month that it plans to delist from the London Stock Exchange (LSE) due to the volume of trading not being enough to justify the costs associated with being listed.
The group’s cancellation of trading is expected to come into effect from 8.00 AM GMT on 20 December 2021.
Related Read: Ryanair (LON:RYA) to delist from LSE. What do investors need to do?
Ryanair Holdings PLC’s (LON:RYA) share price performance
The main market listed airline, Ryanair’s shares were trading at EUR 14.08, higher by 0.32 per cent on 16 December at 09:13 AM BST, as seen in the EODHD/Others chart below.
Image source: EODHD/Others
Ryanair’s market cap stands at £13,869.25 million as of 16 December.
