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01/06/2010
Ryanair Profits 'Flying' By 200%
Ryanair - which flies from George Best Belfast City and the City of Derry Aiport in NI - has today announced full year profits of €319m, an increase of over 200% on last year's results.
Announcing the results, the budget flyer said it is proposing to pay a one-off dividend of €500m equal to €0.34 per share, this October, subject to shareholder approval at its September AGM.
Today's statement also revealed that the ash cloud disturbance from Icelandic volcano Eyjafjallajökull had led to cancellation of 9,400 Ryanair flights and the loss of 1.5m passengers up to the 18th of May.
Ryanair's Chief Executive Officer, Michael O'Leary, (pictured) said that factors accounting for their increase in profits despite the continuing financial stagnation included a growth in traffic of 14%, and the acquisition of eight new bases at Bari, Brindisi, Faro, Leeds, Oslo Rygge, Pescara, Porto, Trapani, 284 new routes.
Mr O'Leary said Ryanair can be proud of delivering a 200% increase in profits and traffic growth during a global recession when many of their competitors had announced losses or cutbacks and others had gone bankrupt.
Ryanair's Deputy Chief Executive Michael Cawley said the airline will probably "regress" in Ireland if airports continue to raise prices, and said it will operate fewer flights from Dublin this winter.
(DW/GK)
Announcing the results, the budget flyer said it is proposing to pay a one-off dividend of €500m equal to €0.34 per share, this October, subject to shareholder approval at its September AGM.
Today's statement also revealed that the ash cloud disturbance from Icelandic volcano Eyjafjallajökull had led to cancellation of 9,400 Ryanair flights and the loss of 1.5m passengers up to the 18th of May.
Ryanair's Chief Executive Officer, Michael O'Leary, (pictured) said that factors accounting for their increase in profits despite the continuing financial stagnation included a growth in traffic of 14%, and the acquisition of eight new bases at Bari, Brindisi, Faro, Leeds, Oslo Rygge, Pescara, Porto, Trapani, 284 new routes.
Mr O'Leary said Ryanair can be proud of delivering a 200% increase in profits and traffic growth during a global recession when many of their competitors had announced losses or cutbacks and others had gone bankrupt.
Ryanair's Deputy Chief Executive Michael Cawley said the airline will probably "regress" in Ireland if airports continue to raise prices, and said it will operate fewer flights from Dublin this winter.
(DW/GK)
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Ryanair Posts Increase In Profits
Ryanair has announced a 7% increase in its half-year profits. In a report published today, the airline recorded a rise in H1 profits to €1,168 million, with AGB and lower fares delivering 12% traffic growth to 65 million customers. It also cited a 2% jump in load factor to 95%. In addition, average fares fell by 10% to €50.
Ryanair Posts Increase In Profits
Ryanair has announced a 7% increase in its half-year profits. In a report published today, the airline recorded a rise in H1 profits to €1,168 million, with AGB and lower fares delivering 12% traffic growth to 65 million customers. It also cited a 2% jump in load factor to 95%. In addition, average fares fell by 10% to €50.
04 November 2002
Ryanair post blossoming half-year results
Low-cost Irish carrier Ryanair has announced record passenger levels for the first half this financial year. According to figures published today the Irish budget airline carried 7.84 million passengers in the six months ending September 30, 2002 - up 37% on the same period last year.
Ryanair post blossoming half-year results
Low-cost Irish carrier Ryanair has announced record passenger levels for the first half this financial year. According to figures published today the Irish budget airline carried 7.84 million passengers in the six months ending September 30, 2002 - up 37% on the same period last year.
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Co-Pilots 'Unnecessary' Says Ryanair Boss
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Co-Pilots 'Unnecessary' Says Ryanair Boss
Ryanair boss Michael O'Leary's cost saving attempts continue to attract controversy with suggestions today that co-pilots could be removed from the cockpit. Mr O'Leary's latest notion on how the no frills flier could cut costs has attracted consternation from pilot's unions who have accused him of making "a bid for publicity".
28 January 2004
Ryanair 'cautious' on fares and profits
Ryanair has warned that the company expect profits during this final quarter may decline by as much as 30% over those recorded in the comparable quarter last year.
Ryanair 'cautious' on fares and profits
Ryanair has warned that the company expect profits during this final quarter may decline by as much as 30% over those recorded in the comparable quarter last year.
26 July 2011
Airline Profits Fail To Ground Fare Increases
The Irish 'budget airline' Ryanair has reported a jump in first quarter profits and passenger numbers. However, it still aims to push up fares, which the firm said would rise by an average of up to 12% in the year to the end of March 2012 as fuel prices rise.
Airline Profits Fail To Ground Fare Increases
The Irish 'budget airline' Ryanair has reported a jump in first quarter profits and passenger numbers. However, it still aims to push up fares, which the firm said would rise by an average of up to 12% in the year to the end of March 2012 as fuel prices rise.
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Northern Ireland WeatherToday:The day will be very windy with strong to gale force westerly winds becoming occasionally severe along the north coast. Sunny spells will be interspersed with scattered showers. Maximum temperature 8 °C.Tonight:West to northwest gale force winds, severe along the north coast, will continue overnight. Frequent showers persist, merging into longer periods of rain at times and turning wintry. Minimum temperature 1 °C.
