Ryanair: annual revenue 2010-2023

The annual revenue of Ryanair for the fiscal year 2022/23 amounted to roughly 10.78 billion euros. From the financial years 2011 to 2020, the budget airline increased their revenue by roughly 134 percent. The worldwide commercial airline market was forecast to be worth 872 billion U.S. dollars by 2020, but due to the coronavirus pandemic it dropped to 382 billion U.S. dollars.

Ryanair passenger growth

Ryanair’s growth in generated revenue is reflected in an increase in passenger numbers. In 2020/21, the company had uplifted 27.5 million people and connected 216 destinations. Ryanair ranked eighth in terms of largest airline groups by passenger numbers worldwide and was the leading carrier in Europe.

Global air passenger transport in the aftermath of the coronavirus pandemic

Demand for global passenger air transport was forecast to increase by 4.1 percent in 2020 before the coronavirus outbreak, but dropped by almost 66 percent. Meanwhile, the number of scheduled passengers boarded by the global airline industry also decreased to 1.8 billion in 2020.