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23/05/2011
Ryanair Profits Rise To €401m
Ryanair has today announced a 26% increase in their annual profits to €401m.
Announcing the results Ryanair’s Chief Executive Officer, Michael O’Leary, said: “The highlights of the past successful year for Ryanair include: 40 new aircraft; 8 new bases in El Prat, Gran Canaria, Kaunas, Lanzarote, Malta, Seville, Tenerife, Valencia; 328 new routes; a dividend of €500m; and traffic also grew 8% to 72m.”
Despite higher oil prices, the global recession, and volcanic ash disruptions in the first quarter of last year, Ryanair delivered a 26% increase in profits and 8% traffic growth.
In 2010, following a 27% hike in fees, Dublin airport traffic fell by 3m passengers to just over 18m, a fall of 30% from its 2007 peak of 24.5m. Dublin’s traffic continued to decline in 2011.
Ryanair said unless the new Government introduces new reforms then traffic at the DAA airports will continue to fall, leading to further tourism and job losses in the Irish economy. They welcome the Government’s recent decision to scrap the tourist tax as a step in the right direction, but unless accompanied by competitive airport charges, traffic growth will not return at the Government owned, high cost, Irish airports.
(BMcN)
Announcing the results Ryanair’s Chief Executive Officer, Michael O’Leary, said: “The highlights of the past successful year for Ryanair include: 40 new aircraft; 8 new bases in El Prat, Gran Canaria, Kaunas, Lanzarote, Malta, Seville, Tenerife, Valencia; 328 new routes; a dividend of €500m; and traffic also grew 8% to 72m.”
Despite higher oil prices, the global recession, and volcanic ash disruptions in the first quarter of last year, Ryanair delivered a 26% increase in profits and 8% traffic growth.
In 2010, following a 27% hike in fees, Dublin airport traffic fell by 3m passengers to just over 18m, a fall of 30% from its 2007 peak of 24.5m. Dublin’s traffic continued to decline in 2011.
Ryanair said unless the new Government introduces new reforms then traffic at the DAA airports will continue to fall, leading to further tourism and job losses in the Irish economy. They welcome the Government’s recent decision to scrap the tourist tax as a step in the right direction, but unless accompanied by competitive airport charges, traffic growth will not return at the Government owned, high cost, Irish airports.
(BMcN)
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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.
