5 Largest Airlines in the World in 2024

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1. Ryanair Holdings plc (NASDAQGS:RYAAY)

Market Capitalization: $32.27 billion

Ryanair Holdings PLC, an Irish ultra-low-cost carrier group with its headquarters in Swords, Dublin, Ireland, operates under various subsidiaries such as Ryanair DAC, Malta Air, Buzz, Lauda Europe, and Ryanair UK. Notably, Ryanair DAC, the group’s oldest airline, was established in 1984.

In terms of financial performance for the quarter ending on December 31, 2023, Ryanair Holdings PLC reported revenue of €2.70 billion, marking a 17% increase from the previous quarter. However, the net income experienced a significant decline, amounting to €14.8 million, down by 93% from the third quarter of 2023. The profit margin also decreased to 0.5%, down from 8.7% in the third quarter of 2023.

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