United Kingdom
United States
Asia Pacific
Ryanair bullish on record annual profit
Ryanair Holdings reported a strong half-year profit of €2.18bn.
It was up on last year’s total of €1.37bn.
The airline credited a strong Easter in the first quarter and record summer traffic.
The summer demand saw higher fares which offset significantly higher fuel costs over the half year.
The airline is continuing to retrofit B737NG planes with scimitar winglets to reduce fuel burn while it took delivery of 26 fuel efficient Boeing 737 Max aircraft.
Ryanair’s half-year scheduled revenues increased 37% to €6.1bn while traffic grew 11% to 105.4m passengers.
Overall, fares were up 24% due to strong Easter and summer demand with ancillaries generated €2.5bn.
However, total operating costs increased by an identical percentage, mostly due to fuel costs.
The airline is targeting around 183.5m passengers for the full year although this will be dependent on Boeing delivering sufficient aircraft by the year-end.
It says forward bookings are strong into the peak Christmas travel period.
It expects a net airline profit of up to €2.05 billion for the full year which would be an all-time record.
Ryanair is set to pay its first ever dividend.
Related News Stories:
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Tricia Handley-Hughes of Inteletravel announces the location for the TravelQuest 2025 conference
Insights from James Ferrara on Inteletravel’s Growth and Future
Tricia Handley-Hughes on Inteletravel’s Growth and Challenges
Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail
Sophia Hyder Hock on Global Social Inclusion in Tourism
Dozens fall ill in P&O Cruises ship outbreak
Woman dies after getting ‘entangled’ in baggage carousel
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Protestors now targeting Amsterdam cruise calls