Ryanair crosses 202 m passengers annually with steady 95 % load factor
Rhea-AI Filing Summary
Ryanair Holdings plc (RYAAY) filed a Form 6-K reporting its June 2025 traffic statistics. The carrier handled 19.9 million passengers, a year-over-year increase of 3 % versus June 2024’s 19.3 million. Despite more than 800 flight cancellations linked to the Middle-East conflict, the load factor remained unchanged at 95 %, indicating that seat demand kept pace with capacity.
On a rolling 12-month basis, Ryanair carried 202.6 million guests, up 7 % from 188.8 million the prior year, with the load factor steady at 94 %. The airline operated over 109,000 flights during the month. No revenue, yield or cost data were provided, but the higher traffic volumes and stable utilisation suggest solid network demand heading into the summer peak.
Positive
- Passenger volumes increased 3 % YoY, reaching 19.9 million in June 2025.
- Load factor held at a high 95 %, indicating sustained demand and efficient capacity management.
- Rolling 12-month passengers topped 200 million (+7 %), extending Ryanair’s scale advantage.
Negative
- Over 800 flights were cancelled due to Middle-East conflict, introducing operational and cost headwinds.
- No revenue or yield data disclosed, leaving profitability implications uncertain.
Insights
TL;DR: Passenger growth and steady load factor signal demand resilience despite geopolitical disruptions.
June traffic rose 3 %, underscoring robust intra-European leisure demand even as 800+ flights were cancelled. A 95 % load factor shows Ryanair matched capacity to demand, protecting yields. Rolling 12-month passenger growth of 7 % pushes the airline past the 200 million mark, reinforcing its scale advantage and cost leadership. While cancellations could modestly raise unit costs and dent ancillary revenue, the limited capacity pull-back keeps full-year growth guidance plausible. Overall, the filing is modestly positive for the investment case.
TL;DR: Operational performance strong; conflict-related cancellations worth monitoring.
Maintaining a 95 % load factor with incremental passenger growth highlights Ryanair’s aggressive capacity discipline and effective pricing strategy. Surpassing 202 million annual passengers cements its position as Europe’s largest airline by volume. However, 800+ cancellations—roughly 0.7 % of scheduled flights—signal geopolitical exposure that could recur. Absent data on yields, RASM impact remains unclear, but schedule reliability and cost control will be key investor watch-points for Q2 earnings.