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.