Advertisement: RSM mid banner
Advertisement: partnersand mid banner
Advertisement: Kao Data Centre mid banner
Advertisement: CJBS mid banner
Advertisement: Mogrify mid banner
ARM Innovation Hub
Mid banner advertisement: BDO
Advertisement: S-Tech mid banner 3
Barr Ellison Solicitors – commercial property
Advertisement: TTP
Advertisement: Cambridge Network mid banner
Advertisement: Simpsons Creative
Advertisement: HCR mid banner
Advertisement: Wild Knight Vodka
Advertisement: EBCam mid banner
6 November, 2006 - 08:55 By Staff Reporter

Record interim profits for Ryanair

Ryanair has posted record half year profits of €329 million for the six months to the end of September – a 39 per cent increase year-on-year.Traffic grew 23 per cent to 22.1m passengers in the last six months and yields increased by 9 per cent as total revenues rose 33 per cent to €1.256bn.

Despite significantly higher fuel costs, Ryanair’s after-tax margin for the half year rose by 1 point to 26 per cent.

CEO Michael O’Leary added a note of caution due to expansion costs and significantly higher oil prices but says he remains confident of

significant passenger growth.

Add new comment

Newsletter Subscription

Stay informed of the latest news and features