In the fiscal year of 2022/23, the number of passengers traveling with Ryanair amounted to 169 million, an increase of 74 percent from the previous year. The number of passengers seem to have recovered to pre-COVID levels after the impact of COVID-19 on the airline industry with Ryanair's passenger traffic dropping to 27.5 million passengers in 2021. Summer tends to be the busiest months, with 16.9 million passengers uplifted in August 2022.
Short introduction to Ryanair
Ryanair is an Irish low-cost carrier (LCC) based in Dublin. Founded in 1985, the company participated in the market-making of a highly lucrative industry, namely the LCC market. Starting from the 2000s, the airline group expanded its growth strategy and developed its connectivity across Europe. As a result of effective approaches to its LCC business model, the airline company is becoming a leading one in Europe. Since 2011, the annual revenue of Ryanair more than doubled, reaching roughly 10.8 billion euros in 2023. Similarly, the passenger transport volume of Ryanair grew steadily.
European aviation industry
With a long history, Europe is one of the birthplaces of the aviation industry. From its establishments, the aviation market experienced a multitude of transformations while adapting to the needs and wishes of the travelers. Based on revenue comparisons, Lufthansa, Air France-KLM and Turkish Airlines were three leading airlines in Europe. Yet based on the number of passengers, Lufthansa was the leading airline in Europe, with roughly 101.8 million passengers in 2022. As across the globe, the market share of LCCs in Europe also increased, thus, transforming the entire aviation industry.
Number of passengers traveling with Ryanair from 2011 to 2023
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Ryanair. (July 21, 2023). Number of passengers traveling with Ryanair from 2011 to 2023 (in millions) [Graph]. In Statista. Retrieved June 18, 2024, from https://www.statista.com/statistics/864922/ryanair-annual-passenger-figures/
Ryanair. "Number of passengers traveling with Ryanair from 2011 to 2023 (in millions)." Chart. July 21, 2023. Statista. Accessed June 18, 2024. https://www.statista.com/statistics/864922/ryanair-annual-passenger-figures/
Ryanair. (2023). Number of passengers traveling with Ryanair from 2011 to 2023 (in millions). Statista. Statista Inc.. Accessed: June 18, 2024. https://www.statista.com/statistics/864922/ryanair-annual-passenger-figures/
Ryanair. "Number of Passengers Traveling with Ryanair from 2011 to 2023 (in Millions)." Statista, Statista Inc., 21 Jul 2023, https://www.statista.com/statistics/864922/ryanair-annual-passenger-figures/
Ryanair, Number of passengers traveling with Ryanair from 2011 to 2023 (in millions) Statista, https://www.statista.com/statistics/864922/ryanair-annual-passenger-figures/ (last visited June 18, 2024)
Number of passengers traveling with Ryanair from 2011 to 2023 (in millions) [Graph], Ryanair, July 21, 2023. [Online]. Available: https://www.statista.com/statistics/864922/ryanair-annual-passenger-figures/