Ryanair's December traffic statistics showed a 21% increase on the same month in 2021, with the Dublin-headquartered carrier saying it could announce "stronger than expected" third quarter (Q3) results on January 30.
Profit after tax (PAT) of "close to €200 million" was on the cards, the company announced on January 4, due to "strong pent-up travel demand" for the first time since 2019. However the fourth quarter would likely be a loss-maker, it warned, due to Easter not taking place until April 2023.
"As a result of these recent developments, Ryanair has raised its FY23 PAT guidance (pre-exceptionals) from a current range of €1.00bn - €1.20bn to a new range of €1.325bn - €1.425bn", the airline said.