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Sunday, February 28, 2021

Ryanair sees profits fly high for first half of year

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Ryanair have announced that their profits for the first half of 2015 have risen 37% to just over €1bn.

The budget airline also announced that their traffic grew 13% to 58 million passengers as their load factor jumped 4% to 93%.

Average fares at the airline went up 2% as costs fell 6%.

Ryanair’s CEO, Michael O’Leary, said: “We are pleased to report this strong set of H1 results.

“We have enjoyed a bumper summer due to a very rare confluence of favourable events including stronger sterling, adverse weather in northern Europe, reasonably flat industry capacity and further savings on our unhedged fuel, as millions of customers switched to Ryanair for our Always Getting Better (“AGB”) customer experience programme.”

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