O' Leary, 'for Ryanair over 300 million passengers in 2034'

Ryanair will be able to "exceed 300 million passengers by 2034". This was stated by the group's CEO Michael O'Leary.

According to the manager "European capacity will remain limited in the short term until the beginning of the next decade due to delays by the two main aircraft manufacturers and the engine manufacturer Pratt & Whitney". "Mergers between airlines are accelerating - he continues - and the unprofitable ones, hit by the increase in fuel prices, must face a difficult winter, with some EU operators already in insolvency proceedings (Chapert 11)".

"These capacity constraints - he explains - combined with our increasingly broad cost advantage, our strong balance sheet, our order book of fuel-efficient aircraft and our operational resilience will facilitate the group's sustainable and profitable growth".

As regards the current financial year (2026-2027), traffic according to O' Learey "will grow by 3% to 214 million passengers and our leadership on unit costs will continue to widen". On the fuel front, Ryaniar has covered itself with "80% of the requirement frozen at 67 dollars a barrel until next March", which will allow the group to close the financial year with a profit "well insulated from the current volatility of kerosene prices".