Silobreaker: Ryanair profits rise by 80%

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Saturday, November 21, 2009 9:28 PM

Published 11/03/2009 by Travel Retail Executive News Digest

Ryanair profits rise by 80%

The world's largest scheduled international airline Ryanair yesterday reported a 15% increase in passengers to 36.4m for the first half of 2009 and an 80% increase in profits with an industry leading net profit margin of 22%.

The Irish low-cost airline's Ceo...

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What others report on the same story

Ryanair announces 387m half-year profit - [11/04/2009 - Shephard Group]

Quotes

...O Leary said: "Ryanair's ability to grow both traffic and profits during the half year is a testament to the strength of Ryanair's lowest fare model, and our relentless cost discipline. However these results are heavily distorted by a 42% fall in fuel costs, which has masked a significant 17% decline in average fares."

Ryanair profits rise by 80% [Travel Retail Executive News Digest - 11/03/2009]

"We expect average fares to decline by up to 20% during quarters three and four, which will result in both these quarters being loss making. Despite this, our full year guidance remains unchanged and will be substantially profitable, at a time when many of our competitors are losing money, consolidating or going bust."

Ryanair profits rise by 80% [Travel Retail Executive News Digest - 11/03/2009]

"Recent weeks have seen the demise of SkyEurope and Seagle Air in Slovakia, and MyAir in Italy, and we expect further casualties this Winter. Ryanair is the only major European airline to grow traffic and profits strongly. We are winning substantial market share from the big three high fare flag carrier groups led by Air France, BA and Lufthansa and we expect this trend to continue."

Ryanair profits rise by 80% [Travel Retail Executive News Digest - 11/03/2009]

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Ryanair profits rise by 80%