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Aircraft and finance. Ryanair: H1 results

Dublin, Ireland - It cuts fares by 5%, profits rise 11%; traffic grows 11%, load factor to 97%, FY profit guidance unchanged

Ryanair today reported an 11% increase in H1 profit to €1.29bn. Traffic grew 11% to 72m thanks to a strong Easter and a 5% reduction in airfares saving customers over €160m in the half year. Unit costs (including fuel savings) fell 5%, ex-fuel unit costs were flat. Ryanair’s Michael O’Leary said: “These strong H1 results reinforce the robust nature of Ryanair’s low fare, pan-European growth mode...

fra/pec - 1208137

AVIONEWS - World Aeronautical Press Agency