Ryanair passenger numbers grow 13% in May

Ryanair passenger numbers grow 13% in May

Ryanair (LON:RYA) posted its traffic statistics on Tuesday, growing its May passenger volume by 13%.

Founded in 1984, the Irish low-cost airline is headquartered in Swords, Dublin, with its primary operational bases located at Dublin and London Stansted airports.

Passenger numbers grew to 14.1 million in May, which is 13% higher than that of the same month a year prior.

Numbers were boosted by an 8% growth at Ryanair, in addition to the 0.6 million passengers from the acquisition of Lauda, a subsidiary of Ryanair Holdings fully acquired at the start of the year.

Additionally, the low-cost airline operated roughly 78,000 flights in the month of May.

Ryanair’s passenger statistics come just a day after those posted by Wizz Air, the largest low-cost airline in Central and Eastern Europe.

The Hungarian airline, Wizz Air, saw a 22.4% rise in its May passengers, flying 3,470,889 people.

Over in Germany, Lufthansa (ETR:LHA) revealed its first-quarter loss of €342 million, citing higher fuel costs. This figure is nine times deeper than that of its first-quarter period a year prior.

In aviation across the world, the recent global grounding on the Boeing 737 MAX fleet has taken its toll on certain airlines. American Airlines (NASDAQ:AAL) posted its first-quarter results, citing the $350 million blow it has had on the major American airline.

Travel company Tui (ETR:TUI) also warned that the global grounding of the model may cost it as much as £258 million.

Since the two Boeing 737 MAX crashes, airlines and governments across the globe have grounded the model, triggering investigations into the accident.

Shares in Ryanair Holdings plc (LON:RYA) were trading at -0.14% as of 09:20 BST Tuesday. Wizz Air shares (LON:WIZZ) were also down, trading at -0.6% as of 09:22 BST. Shares in Tui (ETR:TUI) were up 1.18% as of 10:08 CEST, as were shares in Deutsche Lufthansa AG (ETR:LHA) trading 0.37% higher as of 10:15 CEST.