Ryanair to fly 165 mln passengers in next financial year, CEO tells paper

Ryanair expects to fly 165m passengers as it returns to profit in the year to March 2023, CE Michael O’Leary told Spanish newspaper Cinco Dias. O’Leary said he expects occupancy on the airline’s jets will rise to between 90% and 95% this summer, the paper reported on Monday. Ryanair is profitable when occupancy reaches 80%, O’Leary was quoted as saying. The Irish low-cost airline, Europe’s largest by passenger numbers, flew 130m passengers in the financial year that ended as the COVID-19 pandemic was taking hold in March 2020, and only 27m the following year. <br/>