Tag Archives: Boeing 737-8 (200) MAX 8

Ryanair reports a rise in traffic in March, updates its guidance going forward

Ryanair Holdings plc released March traffic statistics as follows:

	MAR 2021	MAR 2022
TRAFFIC	0.5m	11.2m²
L. FACTOR	77%	87%
Ryanair operated over 67,800 flights in March with an 87% load factor.
Rolling Annual
TRAFFIC	27.5m	97.1m
L. FACTOR	71%	82%

PRIOR MONTHS	GUESTS	LOAD FACTOR
October	11.3m	84%
November	10.2m	86%
December	9.5m¹	81%
January	7.0m¹	79%
February	8.7m¹	86%
March	11.2m²	87%

¹Dec, Jan & Feb traffic was badly affected by Omicron restrictions.

²Mar traffic was impacted by the Russian invasion of Ukraine which caused 2,000 flights to/from Ukraine to be cancelled in March due to airspace closures.

In other news, the company updated its guidance going forward:

Ryanair Holdings plc briefed the market that it expects to report a pre-exceptional FY22 (yr. ending on March 31, 2022) net loss of between -€350m and -€400m (previously guided range of -€250m to -€450m). The Ryanair Group’s full-year traffic recovered strongly to over 97m (27.5m in FY21, but below pre-Covid traffic of 149m).

Ryanair’s balance sheet is one of the strongest in our sector with a BBB (stable) credit rating (S&P and Fitch). Year end (March 31) net debt dropped to €1.5 bn (prior year €2.3 bn), and c.90% of the Group’s fleet of B737 aircraft are unencumbered.

Since our last market update on 31 Jan., Ryanair has increased FY23 (yr. ending on March 31, 2023) fuel hedging to 80% cover (c.65% jet swaps at $630 and 15% caps at $775 per metric ton). Almost 10% of Ryanair’s H1 FY24 fuel requirements are hedged at $760 (via jet swaps).

As this is a closed period, the Ryanair Group’s next market update will be on May 16 when we release FY22 results.

Top Copyright Photo: Ryanair (Malta Air) Boeing 737-8 (200) MAX 8 9H-VUW (msn 62338) BFI (Brian Worthington). Image: 957225.

Ryanair (Malta Air) aircraft slide show:

Ryanair (Malta Air) aircraft photo gallery:

Allegiant Air switches to Boeing, orders 50 new 737-7 and 737-8 200 MAX aircraft + 50 options

Allegiant Travel Company (Allegiant Air) today announced an agreement with Boeing to purchase 50 new 737 MAX aircraft as part of the airline’s ongoing efforts to modernize and expand its fleet.

The multi-year deal – Boeing’s first with an ultra-low-cost carrier in the United States – includes the purchase of 737-7 and 737-8-200 models, as well as options to purchase 50 additional aircraft, giving the company flexibility for future growth. Allegiant will take delivery of an initial group of planes in 2023, with the remaining deliveries scheduled throughout 2024 and 2025.

Allegiant’s unique ULCC business model has been primarily focused on high quality used aircraft to maintain lower fixed costs. However, the pandemic recovery cycle has brought to Allegiant unique opportunities to acquire new equipment, including this aircraft-family solution, which will add significant economic and operational benefits for years to come.

The arrangement with Boeing will allow Allegiant to replace aircraft that are scheduled to retire while also expanding the fleet to maintain the company’s projected 10 percent-plus annual growth rate.

The Boeing 737s come equipped with several innovative in-cabin features – such as Boeing Sky Interior and Space Bins – that create a feeling of spaciousness, provide more leg room and make storing and retrieving carry-on luggage easier for passengers. Additionally, the new aircraft will burn approximately 20 percent less fuel than older Airbus A320 family aircraft. while also offering increased seating capacity.

The aircraft will be powered with CFM LEAP 1-B engines. Allegiant has signed a 12-year exclusive maintenance agreement with CFM for the LEAP engine fleet, which will also bring support for the existing Airbus fleet. Allegiant currently operates 108 Airbus A319s and A320s and will continue sourcing A320s in the used market.