Ryanair Results Point To A Better Year For Europe’s Airlines In 2023

Ryanair Results Point To A Better Year For Europe’s Airlines In 2023

Share to Linkedin As we move into the second month of the year, dust is beginning to settle on the rush of early predictions for the fortunes of the airline industry in 2023. After the first few weeks of trading and the start of earnings season, we now have some better clues as to how the year ahead may play out. Ryanair, as a bellwether for the industry, points to reasons for optimism. Low cost airlines Ryanair, Wizz Air and easyJet see an optimistic summer (Photo by Sean ... [+] Gallup/Getty Images) In Europe, the Ukraine war continues with no sign of an early ending. Household budgets are being squeezed by higher fuel bills and inflationary pressures. The UK economy looks weaker than its peers. There are many unknowns, but in survey after survey we see that people still want holidays and will prioritise them above other discretionary expenditures if they have the means available. In the US there has already been optimism from the major network carriers as to the outturn of the first quarter. United for example has indicated it expects profitability to be double analyst projections. Ryanair produced a €211 million ($229 million) profit in its third