Menu
07/08/2001
Ryanair announce dramatic increase in passengers
Ryanair, one of Europe’s largest low fares airlines, has announced that their passenger numbers have increased by 42 per cent.
The company, which has been offering tickets for as little as £5, carried 2.4 million people across Europe in the three months to June 30.
Ryanair’s Chief Executive, Michael O’Leary, said: “Ryanair’s strong growth reflects the successful roll out of our low fares formula on 13 new routes across Europe. We continue to grow traffic in both new and existing markets because Ryanair remains the only airline in Europe which guarantees that its fares will be lowest.”
O’Leary believes that the general sluggishness in Europe will be good for the low fare traffic growth but may result in slightly lower than expected yields.
He said: “Despite the adverse market conditions Ryanair continues to grow profitably at a time when many of Europe’s flag carriers are suffering. We therefore remain pleased with our current performance and comfortable with the general range of analysts estimates for the coming year.” (CD)
The company, which has been offering tickets for as little as £5, carried 2.4 million people across Europe in the three months to June 30.
Ryanair’s Chief Executive, Michael O’Leary, said: “Ryanair’s strong growth reflects the successful roll out of our low fares formula on 13 new routes across Europe. We continue to grow traffic in both new and existing markets because Ryanair remains the only airline in Europe which guarantees that its fares will be lowest.”
O’Leary believes that the general sluggishness in Europe will be good for the low fare traffic growth but may result in slightly lower than expected yields.
He said: “Despite the adverse market conditions Ryanair continues to grow profitably at a time when many of Europe’s flag carriers are suffering. We therefore remain pleased with our current performance and comfortable with the general range of analysts estimates for the coming year.” (CD)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
01 July 2002
Ryanair celebrates third year at Derry Airport
Low fares airline Ryanair will this week celebrate its third anniversary of scheduled services from the City of Derry Airport to London Stansted. Congratulating the Irish airline’s investment Derry City Mayor Kathleen McCloskey said she was delighted that Ryanair continued to provide low cost fares to and from the North West region.
Ryanair celebrates third year at Derry Airport
Low fares airline Ryanair will this week celebrate its third anniversary of scheduled services from the City of Derry Airport to London Stansted. Congratulating the Irish airline’s investment Derry City Mayor Kathleen McCloskey said she was delighted that Ryanair continued to provide low cost fares to and from the North West region.
05 November 2001
Ryanair profits soar despite airline industry depression
Low cost airline Ryanair has reported that its profits for the first half of 2001 have increased by 39 per cent, representing the company’s ability to overcome the negative aspect currently afflicting the airline industry. With a corresponding increase in the numbers of passengers – up by 37 per cent to 5.
Ryanair profits soar despite airline industry depression
Low cost airline Ryanair has reported that its profits for the first half of 2001 have increased by 39 per cent, representing the company’s ability to overcome the negative aspect currently afflicting the airline industry. With a corresponding increase in the numbers of passengers – up by 37 per cent to 5.
15 December 2011
Antrim Station On Track For Refit
Some £2.9 million in NI government funding has been given for Northern Ireland's first environmentally sustainable bus and rail station and Antrim.
Antrim Station On Track For Refit
Some £2.9 million in NI government funding has been given for Northern Ireland's first environmentally sustainable bus and rail station and Antrim.
06 August 2002
Ryanair show 'strong growth' in Q1 results
Ryanair has announced its biggest increase in first-quarter profits today – boosted by its highest-ever quarterly passenger volume. The Irish low-cost airline reported that profits had surged significantly ahead of expectations, jumping 68% to €39 million, while passenger traffic rose by over a third to 3.54 million.
Ryanair show 'strong growth' in Q1 results
Ryanair has announced its biggest increase in first-quarter profits today – boosted by its highest-ever quarterly passenger volume. The Irish low-cost airline reported that profits had surged significantly ahead of expectations, jumping 68% to €39 million, while passenger traffic rose by over a third to 3.54 million.
24 February 2005
Ryanair's $4bn investment promises 2,500 new jobs
Irish-owned low cost airline Ryanair has announced placing an order for a 140 Boeing 737-800 series aircraft. The $4 billion investment involves a firm order for 70 new aircraft and will result in the eventual creation of more than 2,500 jobs, principally for pilots, cabin crew and engineering staff.
Ryanair's $4bn investment promises 2,500 new jobs
Irish-owned low cost airline Ryanair has announced placing an order for a 140 Boeing 737-800 series aircraft. The $4 billion investment involves a firm order for 70 new aircraft and will result in the eventual creation of more than 2,500 jobs, principally for pilots, cabin crew and engineering staff.
-
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.
