Ryanair passenger volumes up 8%

Ryanair passenger volumes up 8%

Ryanair passenger volumes up 8%

Ryanair revealed its passenger volumes for the month of September on Wednesday.

Shares in Ryanair were down during Wednesday morning trading.

The low budget Irish airline said that it flew 8% more passengers in September.

Passenger volumes for the month increased to 14.1 million, up from the 13.1 million figure recorded in 2018.

Earlier this year, Ryanair posted a 21% fall in first quarter profits. It highlighted Germany and the UK as its weakest markets – the latter as a result of the prevailing Brexit concerns on consumer spending.

The airline faced baggage-policy chaos in 2018, altering its baggage policy twice in one year. It dramatically reduced the amount of free luggage that passengers are able to take on board with them.

Elsewhere in the aviation industry, the British global travel group Thomas Cook recently collapsed, leaving thousands of British holidaymakers stranded abroad.

Customers and employees took to Twitter to share their experiences and thoughts. Meanwhile, some Thomas Cook customers accused other airlines of capitalising on the collapse – the BBC reported that in some instances, the prices of replacement flights have tripled.

The Civil Aviation Authority said this week that is launching a new process for what will be the largest ever ATOL refund programme for Thomas Cook customers who had an ATOL protected holiday booked with the collapsed airline in the future.

The largest peacetime repatriation, “Operation Matterhorn”, was launched last week by the Civil Aviation Authority to bring stranded Thomas Cook customers back to the UK.

Shares in Ryanair Holdings plc (LON:RYA) were trading at -1.86% as of 09:54 BST Wednesday.