Ryanair ancillary revenue increase 11% per passenger in 2021 fiscal year

    Ryanair stated (27-Jul-2021) FY2021 was the most challenging in Ryanair‘s history, with a traffic collapse, almost overnight, from 149 million (pre pre-coronavirus) to 27.5 million. The Group reported a full year loss of EUR815 million, excluding hedge ineffectiveness. During the year revenue fell by 81% to EUR1.64 billion, in line with the fall in traffic. Ancillary revenue delivered a solid performance as more guests chose priority boarding and reserved seating, resulting in an 11% increase in per passenger spend to almost EUR22. FY2021 cost performance was strong, with absolute costs falling 66%. Due to an 81% reduction in traffic and aircraft delivery delays, the group recorded a EUR200 million ineffectiveness charge on fuel and currency hedges in FY2021. At year end, the Group had strong liquidity with more than EUR3.3 billion gross cash and 85% of its owned (Boeing737) fleet was unencumbered. During the year, the Group received a “B-” climate protection rating from CDP and on time performance improved significantly with 96% of services on time. [more – original PR]

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