Ryanair and EasyJet - the world's fastest growing airlines??

[Monkey]

Can anyone name me faster growing airlines in terms of total numbers of new passengers per year than Ryanair and EasyJet? In the last year Ryanair added 7.39 million new passengers:

March 2003 - 15.74m
March 2004 - 23.13m

EasyJet went from 11.4 million in 2002 to 20.3 million in 2003 - an annual increase of nearly 9 million passengers!!

[Monkey]

EasyJet and Ryanair have also placed what I believe to be the largest orders in airline history from Boeing and Airbus. Here is a breakdown of their gigantic orders - remember these are orders only - it does not include their current fleets:

Ryanair:
150 x Boeing 737-800s confirmed (50 delivered so far)
100 x Boeing 737-800s on option
250 x Boeing 737s total

EasyJet:
120 x Airbus A319s confirmed
120 x Airbus A319s on option
240 x Airbus A319s total


In the year to March (ie last financial year) Ryanair grew by 47%.

[Monkey]

Up, up, and away!!


EasyJet passenger growth:




Ryanair passenger growth:

[blimey]

RyanAir and EasyJet along with a couple of other low costers are the best thing that happened to airline sector in history!

[Monkey]

Originally Posted by blimey

RyanAir and EasyJet along with a couple of other low costers are the best thing that happened to airline sector in history!

You have to give credit to their American model though - Southwest and Herb Kelleher deserve some credit. I notice that the Baltics are opening up in recent months. EasyJet now fly Talinn and Riga and Ryanair have opened Riga too. It's only a matter of time before Vilnius gets hooked up too.

The Boeing 747 jumbo jet was another great revolution in civil aviation history - it made long haul travel affordable for the first time.

[Monkey]

June
Ryanair and EasyJet have both released amazing figures for June 2004. Ryanair's passenger growth has been 24% since June 2003 and EasyJet's an even more impressive 28%!! Ryanair's load factor (ie percentage bums on seats) has risen to an incredible 87% (up from 79% June last year) and EasyJet's has held steady at an equally impressive 86%. Ryanair boast of having carried more passengers than BA in UK/Europe for the 6th month running and of better punctuality and fewer baggage losses than any other airline in Europe.

Rolling 12 month passenger totals to June 2004:
EasyJet = 22,877,710
Ryanair = 24,586,768

Percentage increase in passengers since June 2003:
EasyJet = 28%
Ryanair = 24%

Load factor (ie percentage bums on seats) in June 2004:
EasyJet = 86%
Ryanair = 87%


July
July 2004 figures - more good news for the world's fastest growing airlines:

Rolling 12 month passenger totals to July 2004:
EasyJet = 23,404,812
Ryanair = 25,028,520

Percentage increase in passengers since July 2003:
EasyJet = 19%
Ryanair = 22%

Load factor (ie percentage bums on seats) in July 2004:
EasyJet = 84.3%
Ryanair = 90%

Ryanair has also announced a Q1 profit increase of 21%, a net margin of 18%, as traffic grows 28%. From their site:

Ryanair, Europe’s No. 1 low fares airline, today (Tuesday, 3rd August 2004) announced record profits for Q1 ended 30 June 2004 of €53.1m. Passenger volumes grew by a record 28% to 6.6m passengers whilst yields declined by 6% during the quarter and, as a result, total revenues rose by 23% to €302.8m. Unit costs fell by 4% and in turn the net margin after tax remains stable at an industry leading 18%.


August
Rolling 12 month passenger totals to August 2004:
EasyJet = 23,879,509
Ryanair = 25,452,041

Percentage increase in passengers since August 2003:
EasyJet = 19%
Ryanair = 20%

Load factor (ie percentage bums on seats) in August 2004:
EasyJet = 84.4%
Ryanair = 92%

[Cabman]

I think the 50 million mark is an ideal time to recap how much these two airlines have continued to grow. This is the original post my monkey from june 2004 that shows the combined passenger no's have roughley doubled in 3 1/2 years.
A big thank you to monkey/langur for continuing to post the monthly stats.

Originally Posted by Monkey

June
Ryanair and EasyJet have both released amazing figures for June 2004. Ryanair's passenger growth has been 24% since June 2003 and EasyJet's an even more impressive 28%!! Ryanair's load factor (ie percentage bums on seats) has risen to an incredible 87% (up from 79% June last year) and EasyJet's has held steady at an equally impressive 86%. Ryanair boast of having carried more passengers than BA in UK/Europe for the 6th month running and of better punctuality and fewer baggage losses than any other airline in Europe.

Rolling 12 month passenger totals to June 2004:
EasyJet = 22,877,710
Ryanair = 24,586,768

Percentage increase in passengers since June 2003:
EasyJet = 28%
Ryanair = 24%

Load factor (ie percentage bums on seats) in June 2004:
EasyJet = 86%
Ryanair = 87%


July
July 2004 figures - more good news for the world's fastest growing airlines:

Rolling 12 month passenger totals to July 2004:
EasyJet = 23,404,812
Ryanair = 25,028,520

Percentage increase in passengers since July 2003:
EasyJet = 19%
Ryanair = 22%

Load factor (ie percentage bums on seats) in July 2004:
EasyJet = 84.3%
Ryanair = 90%

Ryanair has also announced a Q1 profit increase of 21%, a net margin of 18%, as traffic grows 28%. From their site:

Ryanair, Europe’s No. 1 low fares airline, today (Tuesday, 3rd August 2004) announced record profits for Q1 ended 30 June 2004 of €53.1m. Passenger volumes grew by a record 28% to 6.6m passengers whilst yields declined by 6% during the quarter and, as a result, total revenues rose by 23% to €302.8m. Unit costs fell by 4% and in turn the net margin after tax remains stable at an industry leading 18%.


August
Rolling 12 month passenger totals to August 2004:
EasyJet = 23,879,509
Ryanair = 25,452,041

Percentage increase in passengers since August 2003:
EasyJet = 19%
Ryanair = 20%

Load factor (ie percentage bums on seats) in August 2004:
EasyJet = 84.4%
Ryanair = 92%

[blimey]

/\ Authorities of VNO [Vilnius airport] and LAL [Lithuanian AirLines, a state sponsored monopoly] are the biggest and smelliest assholes on this earth. So far they've been blocking any attempt by low costers to get into VNO and they've been succesful. People are furious about it! Just imagine what an influx of tourists we'd have got had the low costers come over! Owners of hotels, pubs, souvenire shops, etc. are even more furious than simple people. There were even plans of protests! But then what do you expect from companies that are run by old stupid retards who know nothing but how to steal money and piss people off with their ludicrously stupid talks and plans. God damn i hate them.

Anyway, the problem hopefully should be solved soon and hopefully both EasyJet and RyanAir, or at least one of them, will eventually come to VNO.

[chukchi]

Originally Posted by blimey

/\ Authorities of VNO [Vilnius airport] and LAL [Lithuanian AirLines, a state sponsored monopoly] are the biggest and smelliest assholes on this earth. So far they've been blocking any attempt by low costers to get into VNO and they've been succesful. People are furious about it! Just imagine what an influx of tourists we'd have got had the low costers come over! Owners of hotels, pubs, souvenire shops, etc. are even more furious than simple people. There were even plans of protests! But then what do you expect from companies that are run by old stupid retards who know nothing but how to steal money and piss people off with their ludicrously stupid talks and plans. God damn i hate them.

Anyway, the problem hopefully should be solved soon and hopefully both EasyJet and RyanAir, or at least one of them, will eventually come to VNO.

I don't believe that such a stupid people still exist. The worst thing that I've read in the news was that Lithuania is going to get a new airport only in 20 years

[Monkey]

Whew! I sure am glad you got that off your chest, blimey!

I took good old AirBaltic from Hamburg to Vilnius. I hear there's talk about relocating (=building a new) the airport there. Probably not a bad idea, but it will take time. When I left I had the feeling that their passenger screening capabilities were stretched to the maximum. Although I arrived in what I thought was plenty of time ahead of my flight it took AGES to go through the sceening, and as a result I was the last person to board the plane before takeoff.

So even if Vilnius doesn't move on a new airport location immediately, they should at least improve the passenger processing capabilities at the current airport. And I'm sure they'll see the light on low cost carriers eventually.

[blimey]

@WH: Vilnius airport is the worst in the region. Its Lithuania's shame

Btw AirBaltic is a great company. Gotta love 'em.

[Monkey]

Agreed, AirBaltic was wonderful!

Also, I'm convinced LT will come to its senses as far as the Vilnius airport and low cost airlines are concerned!

[Monkey]

It sounds like they need some new management at the airport.

[blimey]

Yup. Also they should tie the current management to trees in the centre of Vilnius and allow public to stone them. That would be so awesome.

[chukchi]

Originally Posted by blimey

Yup. Also they should tie the current management to trees in the centre of Vilnius and allow public to stone them. That would be so awesome.

That's the good one.

[Monkey]

Note the rapid roll out of new routes to cities in the 10 new EU member states:


Ryanair destinations:




EasyJet destinations:






The London perspective


Ryanair from London Stansted:




EasyJet from London Luton:




EasyJet from London Stansted:




EasyJet from London Gatwick:

[Monkey]

Originally Posted by Monkey

Rolling 12 month passenger totals to August 2004:
EasyJet = 23,879,509
Ryanair = 25,452,041

Percentage increase in passengers since August 2003:
EasyJet = 19%
Ryanair = 20%

Load factor (ie percentage bums on seats) in August 2004:
EasyJet = 84.4%
Ryanair = 92%

Rolling 12 month passenger totals to September 2004:
EasyJet = 24,343,649
Ryanair = 25,758,285

Percentage increase in passengers since September 2003:
EasyJet = 25%
Ryanair = 17%

Load factor (ie percentage bums on seats) in September 2004:
EasyJet = 86.9%
Ryanair = 87%

[gm2263]

Looks like there's a big niche in the low-cost air travel market around the world and so indicate the numbers. Strange since the repercussions of the 911 events are still felt in the market. On the other hand, I believe that, especially for the European routes there is potential due to the fact that in a space that is half the area of North America you have some 380 million of residents living within max distanses of 5 hours (how long it takes to fly from Athens to Lisbon for instance? I don't know). They can give up the caviar during the flight but not the travel speed that plane travel offers.

Also, it could well be tht these two airlines are looking for market dominance, i.e. they have liquidity, so they take advantage from it to buy many aircraft and position themselves on many destinations from the beginning so that they can set barriers to the entry of new competitors. I mean, imagine a third competitor having to survive against their economies of scale after they fully realise their plans and having all those destinations and routes tied up...

Also, I have to tell you that no airline is really "low cost" - How much you said was the price of oil this week?

[Monkey]

^ They are low cost. I have flown to cities around Europe for between £18 and £55 return. That's extremely cheap by any standards. Most of that is taxes. Also remember that the EU has expanded and the low cost airlines have expanded with it. That makes a population of 455 million - and the overwhelming majority of those routes are within 3 hours or less flying time. In spite of EasyJet and Ryanair's dominance there are loads and loads of new small entrants to the market. I think many of them will go out of business. Ryanair chairman Michael O'Leary forecasts a "bloodbath" in the sector in 2005.

[Englishman]

I can believe that, it's even worse in the States by the sounds of things, wih companies going into Chapter 11 all the time it means all the companies are doing badly, if one or two merged or went bust they would havea more profitable air industry.