Irish airline Ryanair has revised its growth targets upwards. The price fighter aims to grow by 50 percent over the next five years, the company announced ahead of its annual shareholders’ meeting.
The old target was 33 percent. Ryanair hopes to expand at European airports and fill in the gaps left by other airlines due to the corona crisis. The aviation sector is recovering after it was hit hard by the pandemic.
Earlier this week, it was announced that Ryanair plans to hire 5,000 additional employees in Europe over the next five years. This includes an additional cabin crew. Ryanair’s top executive Eddie Wilson says the staff is needed for the airline’s growing fleet of Boeing 737 MAX aircraft.
The number of passengers should increase to 225 million per year by 2026. Before the corona crisis, Ryanair was still carrying 149 million passengers a year.