LONDON (ShareCast) - (Sharecast News) - Ryanair Holdings reported a jump in passenger numbers in November on Friday, as demand held up despite cost-of-living pressures.
The Irish airline - Europe's largest by passenger numbers - carried 11.2m people in November, a 10% increase on November 2021, while the load factor rose to 92% from 87% a year previously. In total, it operated more than 64,100 flights during the month.

On a rolling 12-month basis, passenger numbers were ahead 144% at 158.4m, while the load factor strengthened 10% to 91%.

The aviation sector has seen a surge in demand over the last year, as Covid-19 restrictions were relaxed and international travel resumed.

In recent months, however, inflation and energy prices have hit record highs across Europe, weighing on both consumer confidence and spending. But despite the weaker economic outlook, Ryanair chief executive Michael O'Leary said earlier this week that Christmas was continuing to look "very strong", with festive bookings ahead of where they were pre-Covid, in 2019, and average fares also nudging higher.

Fellow budget carrier Wizz Air also reported a jump in passenger numbers on Friday.

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