Neil Glynn's questions to RYANAIR HOLDINGS (RYAAY) leadership • Q3 2024
Question
Inquired about the crew-to-aircraft ratio for the upcoming summer and asked if the seasonality of earnings has structurally changed, potentially affecting airport deal strategies.
Answer
Edward Wilson stated the crewing ratio will stay in the 5.4 to 5.8 range and is not expected to increase further, as it's a buffer against ATC disruption. Michael O'Leary acknowledged the business is seasonal and Q4 has disproportionate costs from gearing up for summer, but he doesn't see a fundamental structural change. The key metric is the annual profit per passenger, which is strong and expected to grow.