Ryanair Carried 15.8 Million Passengers in March, 5% Increase
Ryanair has reported an increase in its operating figures for the month of March. The airline transported a total of 15.8 million passengers, representing a 5% increase compared to the 15 million recorded during the same period in 2025.
This monthly performance contributes to a solid close for the 12-month period ending in March, reaching a cumulative total of 208.4 million customers. This figure represents 4% year-on-year growth for the company, demonstrating its resilience in a highly competitive European market.
Key Operating Indicators: Load Factor
Despite the surge in traveler volume, operational efficiency has remained consistent:
- Monthly Load Factor: Stood at 93%, remaining stable relative to the previous year.
- Annual Load Factor: For the 12-month period, the figure consolidated at 94%.
→ Ryanair Inaugurates Its Largest European Maintenance Hangar in Madrid
Macroeconomic Challenges and Fuel Prices
Despite positive traffic results, the outlook for airlines is overshadowed by geopolitical uncertainty. The persistent conflict involving the United States, Israel, and Iran continues to exert pressure on oil prices, which could lead to increased inflation and higher direct operating costs.
A critical factor of concern for the industry is security in the Strait of Hormuz, a strategic maritime route through which approximately 40% of global aviation fuel passes. Disruptions in this area directly impact the supply chain and price volatility.
Hedging Strategy Amid Uncertainty
In response to this scenario, Ryanair has adopted a cautious stance regarding its financial management. The airline’s leadership has indicated that:
- It is unlikely to execute new fuel hedges before the end of June.
- The company prefers to wait for greater clarity on price trajectories before committing to long-term contracts.
This trend is not exclusive to the Irish carrier; generally speaking, airlines are delaying the procurement of new hedges in expectation that fuel prices may undergo a downward correction in the coming months.
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