Ryanair profit, traffic up in full year “despite Boeing delays”

Ryanair’s profit after tax soared 34% to €1.92bn ($2.1bn) in the full financial year 2023-2024, with revenues up 25% to €13.44bn ($14.6bn) year-on-year (YoY). Furthermore, passenger numbers climbed 9% YoY to 183.7 million, marking a 23% increase over its pre-Covid in 2019. The Irish low-cost airline CEO Michael O’Leary said in an earnings call that these positive figures come “despite Boeing delays that hampered our traffic growth.” O’Leary added that Boeing deliveries would be 23 aircraft short of its contracted deliveries for its summer 2024. Though, he said: “We have seen an improvement in the quality of the fuselage that