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Q3 profit falls 8% to €95m: Fares decline by 17% while traffic grows 16%
EX-FUEL UNIT COSTS CUT 6% Ryanair, Europe’s No. 1 airline, today (6 Feb) reported that Q3 profits fell 8% to €95m, as average fares fell by 17% to just €33 per passenger, while traffic grew 16% to 29m customers. Q3 unit costs were cut by 12% (ex-fuel unit costs were down 6%). Ryanair’s CEO Michael O’Leary said: “As previously guided, our fares this winter have fallen sharply as Ryanair continues to grow traffic … more
Jan Traffic Grows 17% To 8.77m Customers
LOAD FACTOR RISES 2% TO 90% ON LOWER FARES Ryanair, Europe’s favourite airline, today (3 Feb) released January traffic statistics as follows: Traffic grew 17% to 8.77m customers. Load factor rose 2% points to 90% … more
Ryanair Launches €29.99 Dublin-Porto Rescue Fares As Aer Lingus Cancels Route
Ryanair, Ireland’s No.1 airline, today (1 Feb), launched €29.99 rescue fares on its Dublin-Porto service, after Aer Lingus cancelled its planned Dublin-Porto summer 2017 route. Ryanair customers can fly five-times weekly between Dublin and Porto … more