Ryanair to create 5,000 jobs, lifts traffic growth forecast
By Michele Maatouk
Date: Thursday 16 Sep 2021
(Sharecast News) - Budget airline Ryanair lifted its traffic growth forecast on Thursday and said it expects to create 5,000 jobs.
The company raised its five-year traffic growth forecast from 33% to 50%. As a result, Ryanair's pre-Covid traffic of 149m is set to grow to more than 225m guests by March 2026, from its previous target of 200m.
Chief executive Michael O'Leary said the performance of the B737 Gamechanger aircraft this summer had exceeded the group's expectations.
"Operational reliability, fuel consumption, and lower CO2 emissions have so far exceeded guidelines with very positive passenger and crew feedback to these new, more fuel efficient, quieter aircraft," he said.
With the new aircraft deliveries, Ryanair will open 10 new bases across Europe this year and take up slot opportunities that are being vacated by competitor airlines that have collapsed or significantly reduced fleet sizes.
Ryanair said it expects to create more than 5,000 new jobs for pilots, cabin crew and engineers over the next five years.
"The Covid-19 pandemic has delivered an unprecedented blow to Europe's aviation and tourism industries," O'Leary said.
"Only Ryanair has used this crisis to place significantly increased aircraft orders, to expand our airport partnerships, and to secure lower operating costs so that we can pass on even lower fares to our guests, so that together with our airport partners, we can recover strongly from the Covid pandemic and deliver higher than expected growth in both traffic and jobs over the next five years."
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