It was predicted that, the air travel will dip with another wave of coronavirus cases gripping several parts of Europe including the UK, Ireland and airlines will have worst of passenger attendance including Irish Ryanair. But, expectations over-shoot !
The European carrier’s March traffic declined 91% year over year (YOY) to merely 0.5 million guests.
Rating an annual passenger load , the total traffic at Ryanair dived 81% to 27.5 million. The carrier’s load factor (percentage of seats filled with passengers) in the month was 77% compared with 91% a year ago.
Due to the renewed spike in coronavirus cases induced by the new strains, shares of Ryanair have underperformed over the past month. While the stock has gained 2.3% , the industry has appreciated 3.4% .
Talking about the air traffic and load factor, Ryanair was highlighted recently on expectations, when the FAA reportedly approved the high density design for the Boeing 737-8200 jets.
In December 2020 ,Ryanair had announced the placement of a firm order for 75 additional Boeing B737 MAX 8200 aircrafts, taking the total order to 210 Max jets.
