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Ryanair's Christmas and new year quarterly profits soar to €211m

Air
James Chapple
30 January 2023

Ryanair made more than €200 million in profit in the last three months of the year, significantly outstripping its performance in its equivalent pre-pandemic 2019/20 third quarter (three months to 31 December).

Unsplash Engine Aircraft Ryanair lucas-davies-jpHDJGqLJrY-unsplash.jpg

(Credit: Lucas Davies / Unsplash)

The budget carrier said strong pent-up travel demand during October half-term and then over the peak Christmas and new year holiday season, with no adverse impacts from Covid or the war in Ukraine, "stimulated strong traffic and fares across all market".


A 24% year-on-year increase in Q3 traffic to 38.4 million passengers, up 7% versus 2019/20, and a 14% increase in fares compared with pre-Covid levels helped Ryanair to an eventual post-tax profit of €211 million for Q3, up from the €88 million it made during the same period to the end of 2019.