(AOF) – Ryanair recorded a total traffic increase of 11% to 13.1 million passengers in October 2018. The aircraft's occupancy rate is 96%. These numbers include Lauda's contribution (0.5 million passengers, 89% occupancy). With the exception of Lauda, Ryanair showed a move of 7% to 12.6 million passengers. In her statement, the Irish low-cost airline claims that it has canceled over 300 flights due to strikes.
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After the increase in oil prices, Iata (International Air Transport Association) revised the company's earnings forecasts for this year. The latter have not increased their rates, while kerosene accounts for about 30% of their costs. Therefore, their profitability may be significantly reduced. In Europe, where several companies disappeared last year (Air Berlin, Monarch Airline), the rise in oil prices may lead to consolidation of the sector. Nevertheless, the optimism of professionals is not undermined because the accumulated net profit, even downward adjusted, should amount to USD 33.8 billion, which is the fourth best result of this sector. European companies should record the best result in their history, with a total profit of 7.3 billion dollars. It is expected that in 2018, the global increase in traffic will still be 7% higher.