Ryanair profits hit €2.18bn as airline plans €400m payout to shareholders

Irish airline group plans €400m payout to shareholders

Profits at Ryanair Holdings rose 59 per cent to €2.18 billion in the six months ended September 30th, the first half of the airline’s financial year.

Profits after tax rose 59 per cent to €2.18 billion in the six-month period from €1.37 billion during last year’s first half. He noted that shareholders had invested €400 million in the airline at the peak of the Covid crisis in September 2020, making it possible for the airline to borrow €850 million through a low-interest bond.

Under a new policy, Ryanair will return 25 per cent of the previous year’s profit after tax to shareholders in ordinary dividends.

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