Number of passengers carried by Ryanair 2011-2024

In the fiscal year of 2023/24, the number of passengers traveling with Ryanair amounted to 184 million, an increase of nearly nine 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 18.9 million passengers uplifted in August 2024. 

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 13.4 billion euros in 2024. 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.