From its humble beginnings in 1984, serving just a single route between Southern Ireland and London Gatwick Airport, Ireland based Ryanair has since grown to become one of Europe’s leading airlines, profiting from deregulations of the European air industry in the 1990s.
The no-frills trendsetter took a financial hit in 2021
Ryanair was able to attract a growing number of customers with its low-cost business model and passenger figures nearly doubled between fiscal years 2012 and 2020. Before the coronavirus pandemic hit, Ryanair uplifted some 148.6 million travelers. In its most recent fiscal year, Ryanair's passenger numbers slumped by more than 80 percent to 27.5 million, while revenue figures also took a big hit, reaching only 1.6 billion euros. As of March 2021, Ryanair was employer to 15,016 people. This was a 13 percent decrease compared to the previous year as a number of staff had to be laid off due to the coronavirus pandemic. Of their staff, 5,170 people were employed as pilots.
Coronavirus impact on European airlines
European commercial airlines reported around 34.5 billion U.S. dollars in net profit loss in 2020, marking the first year when figures declined after seven consecutive years of profitability. Projections for 2021 see a continuation of this trend, mainly due to the impact of the coronavirus on the aviation industry. Ryanair has criticized the use of governmental bailouts as a competitive advantage for airlines to survive this crisis.
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In the following 4 chapters, you will quickly find the 27 most important statistics relating to "Ryanair".