Ryanair is now the fifth largest airline in the world (in terms of capacity) and returned to profitability in the second quarter of 2022, making it the most successful of the three largest European low-cost carriers.
Drawing on OAG data for airline capacity and flight cancellations, as well as information published in airline financial statements for the period April to June 2022, we compare Ryanair with easyJet and Wizz Air on some key metrics to understand what is behind Ryanair’s success.
A Look Behind Ryanair’s Profitable Second Quarter
Ryanair is easily the largest of the three airlines, contributing 16% of all airline capacity from Western European airports, and only surpassed in size by the Big Four airlines in the USA. Easyjet and Wizz Air between them contribute a further 12% of Western European capacity, meaning these three airlines now account for more than one in four airline seats in the region.
All airlines operating in Europe this summer have faced similar…
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