Monday, March 20, 2023

Ryanair flies profit in the Christmas quarter

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Plus of 202 million euros

Ryanair flies profit in the Christmas quarter

Budget airline Ryanair has flown a profit in the Christmas quarter. With a good 202 million euros, the plus in the third business quarter by the end of December almost exactly met the figure of around 200 million announced at the beginning of January, as Ryanair announced on Monday.

Published: 9 minutes ago

The low-cost airline Ryanair is on course for success. More guests flew with Ryanair in the Christmas quarter and the bottom line was a profit as announced.(Archive image)

In the second Corona winter a year earlier, Ryanair was still in the red with 96 million euros. With the latest result, Ryanair boss Michael O’Leary sees the company on course to achieve a profit of 1.325 to 1.425 billion euros in the current financial year by the end of March, adjusted for special effects.

In the past quarter, Ryanair carried 38.4 million passengers, 24 percent more than a year earlier. Sales even jumped by 57 percent to 2.3 billion euros. This was mainly due to the increase in ticket prices: According to the information, flight tickets were on average 48 percent more expensive than in the same period last year and thus cost 14 percent more than before the corona pandemic.

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