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Ryanair Q1 Profits Fall 21% To €243m Due To Lower Fares, Higher Fuel & Staff Costs. Full Year Guidance Unchanged.
Ryanair Holdings plc today (29 July) reported a 21% fall in Q1 profits to €243m. A 6% decline in ave. fare was offset by strong ancillary revenues and 11% traffic growth to 42m guests. Costs rose 19% as our fuel bill increased 24% and Lauda costs were fully consolidated (but not in the prior year… more
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Ryanair Refutes Transport & Environment Report As Guesswork
“This report by Transport & Environment is based on guesswork and not facts. Claims in this report that regional airports are “likely to be in receipt of state aid” is not research, it’s guesswork. The airports they refer to represent less than 6% of Ryanair’s 152m annual traffic. Ryanair does not receive subsidies.… more