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 2019. In the most recent fiscal year, Ryanair uplifted some 142 million travelers, making it the sixth largest airline group in the world and the second largest in Europe after Lufthansa and its subsidiaries. Unsurprisingly, summer was the company’s busiest season, with more passengers choosing to fly in the months of July and August than any other time of the year.
Commercial airlines generated around 30 billion U.S. dollars in net profits in 2018, marking the third year in a row that figures declined. Projections for 2019 see a continuation of this trend, mainly due to rising operating costs for airlines. Ryanair cited ongoing strikes, staff shortage and a surge in fuel and oil prices as the main reasons behind their 39 percent loss in net profits in 2019. That same year, the budget airline recorded roughly 6.7 billion euros in spending on operations, being the company’s most expensive year in the period of consideration.
As of March 2019, Ryanair was employer to 16,840 people. This was the largest number ever employed by the Irish airline and largely the result of the company acquiring Polish carrier Ryanair Sun (to be rebranded as “Buzz” later in 2019) and Austrian carrier Laudamotion. Of their staff, 5,446 people were employed as pilots.