Posted 12/17/2023, 11:01:00 AM
Ryanair Soars Past Rivals to Become World's Most Valuable Airline
- Ryanair has become the world's largest airline by market capitalization, surpassing Delta, Southwest, Air China, and Singapore Airlines
- Ryanair's market cap is valued at $29.63 billion due to factors like higher utilization, new routes, a growing fleet, and higher average fares
- The airline reported a 30% revenue increase to $7.22 billion and a first-half profit of $2.37 billion compared to last year
- Ryanair attributes recent success to record Easter sales, higher fares offsetting increased costs like fuel, continued fleet growth, and new route investment
- Ryanair operates an ultra-low-cost model with barebones base fares and exceptional on-time performance, allowing it to tap smaller airports and cities