Ryanair is scheduling two new routes to Portugal and Italy for the 2024 summer season. It also has expansion plans in Madrid for a new hangar and cabin crew training center with an investment of more than 122 million euros.
Ryanair’s schedule in Madrid for summer 2024
- Two new routes (Lisbon and Verona).
- 62 total routes.
- 13 Boeing 737 aircraft (investment of US$1.3 billion).
- Madrid traffic grows by 9% to over 7 million passengers per year.
- More than 6,500 jobs, including pilots, cabin crew and engineers.
The low-cost airline remains committed to its growth in Spain with the investment of two million euros to expand Madrid Labs, which aims to double the number of professionals specialized in IT and digital technology. Ryanair will also invest in an aircraft maintenance center in Madrid. The trio of investments is completed with €100 million earmarked for a state-of-the-art Flight Simulator Training Center.
Ryanair has expressed dissatisfaction with AENA increasing airport charges by 4.1% by March 2024. This decision interrupts the fee freeze agreed on until 2027 and that was established by all Spanish airports, a measure that helped the recovery of the airline industry.
The low-cost airline plans to grow by 40% and reach 77 million passengers in the next 10 years, and to make this investment the company states it needs stability in airport taxes.
