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The Markets
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The Markets
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Ryanair reports double-digit passenger growth in October but urgent upgrade to force site closure

The group said total traffic grew 11% to 13.1mln compared to a year ago with a 96% load factor

Budget airline Ryanair Holdings PLC (LON:RYA) has reported double-digit passenger growth across its business for October.

The group said total traffic grew 11% to 13.1mln compared to a year ago with a 96% load factor.

READ: Ryanair investors call for chairman to go, CEO succession plan - media reports

In its Ryanair division, the company reported passenger growth of 7% to 12.6mln, while its Lauda airline recorded 0.5mln passengers for the month with an 89% load factor.

Ryanair’s chief marketing officer, Kenny Jacobs, added that during the month the airline was forced to cancel just over 300 flights due to a five-day airport handler strike at Brussels Zaventem, adverse weather, and continuing air traffic control staff shortages in the UK, Germany, and France.

The latest figures come as Ryanair finds itself embroiled in a succession debate around its chief executive, Michael O’Leary, and chairmen David Bonderman as a number of institutional investors called for a reshuffle of leadership after a tough first half saw earnings fall 7%.

Despite the growth figures, there was less positive news in late-afternoon when the airline said it needed to shut down its website and mobile app for 12 hours to perform an urgent upgrade to its computer systems.

Ryanair said the shutdown would be effective from 5pm on Wednesday until 5am Thursday.

In late-afternoon trading Monday, Ryanair shares were down 1.6% at 12.5p.

--Adds site closure news and updates share price--

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