Do you want to access to this and other private contents?
Log in if you are a subscriber or click here to request service
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...
AVIONEWS - World Aeronautical Press Agency