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01/06/2010
Ryanair Profits 'Flying' By 200%
Ryanair have today announced full year profits of €319million, an increase of over 200% on last year's results.
Announcing the results today, 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, 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 today, 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, 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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20 July 2010
Ash Cloud Hits Budget Airline's Profits
Low cost carrer Ryanair has announced a drop in profits of 24%, due to the disruption caused by the volcanic ash cloud earlier this year. The budget airline's first-quarter profits announcement saw a net profit of £117.8 million in the three months to the end of June, representing an increase of 1% on last year's figures.
Ash Cloud Hits Budget Airline's Profits
Low cost carrer Ryanair has announced a drop in profits of 24%, due to the disruption caused by the volcanic ash cloud earlier this year. The budget airline's first-quarter profits announcement saw a net profit of £117.8 million in the three months to the end of June, representing an increase of 1% on last year's figures.
23 May 2011
Ryanair Profits Rise To €401m
Ryanair has today announced a 26% increase in their annual profits to €401m.
Ryanair Profits Rise To €401m
Ryanair has today announced a 26% increase in their annual profits to €401m.
02 November 2009
Ryanair See Soaring Profits Rise 80%
Budget airline Ryanair has revealed a rise in first-half profits by 80% for the year. Releasing the figures today, the company said its first half results were so strong it could reverse its long-standing strategy of rapid growth and instead distribute cash to shareholders.
Ryanair See Soaring Profits Rise 80%
Budget airline Ryanair has revealed a rise in first-half profits by 80% for the year. Releasing the figures today, the company said its first half results were so strong it could reverse its long-standing strategy of rapid growth and instead distribute cash to shareholders.
02 June 2009
Ryanair Flies Low
The budget airline Ryanair - which flies from two bases in Northern Ireland - has revealed financial returns showing a major nosedive in operating profits. Ryanair plunged into the red by €169.2 million (£145.9m) in the year to March after being hit with a 59% hike in its fuel bill.
Ryanair Flies Low
The budget airline Ryanair - which flies from two bases in Northern Ireland - has revealed financial returns showing a major nosedive in operating profits. Ryanair plunged into the red by €169.2 million (£145.9m) in the year to March after being hit with a 59% hike in its fuel bill.
03 February 2009
Ryanair Predicts Profits Will Follow €100m Loss
Although Irish budget airline Ryanair now expects a smaller fourth-quarter loss than previously anticipated - due to lower fuel costs - the airline has today reported a loss of €102m for the third quarter of 2008/09. The €101.5m adjusted net loss for the three months to the end of December compares with a €35m profit a year ago.
Ryanair Predicts Profits Will Follow €100m Loss
Although Irish budget airline Ryanair now expects a smaller fourth-quarter loss than previously anticipated - due to lower fuel costs - the airline has today reported a loss of €102m for the third quarter of 2008/09. The €101.5m adjusted net loss for the three months to the end of December compares with a €35m profit a year ago.
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Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
