Ryanair’s quarterly profit soars
The Dublin-based airline said on its website that pre-tax profit rose to €930.2 million from €400.8 million a year earlier, partly as passenger traffic rose 4 percent to 57.9 million from 55.5 million, and average fares rose 21 percent to €51. Profit after tax jumped to €819.9 million from €360 million.
The company’s quarterly revenue rose 20 percent to €4.34 billion from €3.63 billion. Passenger revenue rose 26 percent to €2.94 billion, while ancillary revenue – including extras such as priority boarding and baggage fees – rose 7 percent to €1.39 billion.
Operating profit more than doubled, from €365.7 million to €913.3 million. Operating costs rose 5 percent to €3.42 billion.
Ryanair maintained its 3 percent forecast for passenger growth this year to 206 million, but noted that Boeing is still behind schedule with aircraft deliveries. It expects to almost fully recover last year’s 7 percent average fare decline, but the company warned that the outlook for the second half of the year remains uncertain.
Related news
Hand luggage is expanding: Ryanair responded to the EU proposal
Ryanair passengers will soon be able to travel with a…
Read more >Wizz Air rejects allegations of hidden costs
As the summer travel season gets underway, the spotlight is…
Read more >These are Hungarian travelers’ favorite destinations for Easter
Ryanair – the leading low-cost airline in Europe and Hungary…
Read more >Related news
Every sip is a new chapter – the BB wine and champagne family is completely renewed and takes the next level
By analyzing and rethinking every stage of winemaking, the Balatonboglár-based…
Read more >NGM: decisions have already been made on the development plans of more than fifty companies in the Demján Sándor Capital Program
Despite pressure from Brussels, the government is doing everything it…
Read more >Burberry’s quarterly revenue fell 5.5 percent
The British Burberry Group, one of the world’s leading luxury…
Read more >