Relative Values:
Ryanair, easyJet and Wizzair — October 2025

Returning to a familiar theme, Ryanair CEO Michael O’Leary has opined that Wizzair remains in financial trouble and could disappear while easyJet will end up as part of one of the network carrier groups, leaving Ryanair as the sole independent LCC force in Europe. To add some non-rhetorical data to the proposition we have compiled some comparisons for the three LCCs (see graphs).

Fitrst, a summary of the relative sizes, using comparable traffic data for the 12-month period up to June 2025. In terms of passengers carried, Ryanair is by far the largest with over 203m passengers, more than twice easyJet’s 93m and over three times Wizzair’s 65m. Ryanair is also the largest in terms of revenues (calculated from quarterly or half-year data) is not quite as dominant: €14.7bn, about 50% above easyJet and 170% above Wizzair.