United Kingdom
United States
Asia Pacific
Ryanair makes record Q3 airline profit
Wednesday, 31 Jan, 2023
0
Ryanair Holdings posted a record third-quarter airline profit.
It made €211m thanks to strong demand between half-term and the peak Christmas/New Year holiday season.
It upgraded its full-year airline profit guidance.
There is strong demand for Easter and summer flights, CEO, Michael O’Leary, said.
Q3 scheduled revenue increased by almost 85% to €1.45bn.
Ancillary revenue generated an average €22.50 per passenger.
Total quarterly revenue rose 57% to €2.31bn.
However operating costs were up 36% to €2.15bn due to higher fuel costs.
Its jet fuel requirements are 88% hedged.
Ryanair says a loss is likely for the January to March fourth quarter, as it doesn’t include the busy Easter period this year.
Related News Stories:
Ray Monty
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
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
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Unexpected wave rocks cruise ship
The Northern Lights in Fairbanks