Profit came in at €2.2 billion, with 11% traffic growth to 105 million passengers and a 25% average ticket hike.
DUBLIN: Irish no-frills airline Ryanair on Monday announced that net profit surged 72% in its first half thanks to higher fares and record traffic during the peak summer season.
Chief executive Michael O’Leary said the carrier’s full-year outlook “remains highly dependent on the absence of any unforeseen adverse events — for example such as Ukraine or Gaza — between now and the end of March”. “Ryanair Holdings reported a strong half-year profit… thanks to a strong Easter in the first quarter, record summer traffic and higher fares which offset significantly higher fuel costs,” the company statement said Monday.O’Leary said the company expects full-year net profit of between €1.85 billion and €2.05 billion — a forecast that assumes “modest losses” over the winter.
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