Ryanair plans rapid growth as profit rises 37%

First airline in EU to carry more than 10mn pax in a month
Posting a 37% rise in half-year pre-tax profit to €1.23 billion today, Ryanair says it expects to have 180 million passengers a year within 10 years as it plans further growth – 20 million more than its earlier target. It forecasts 105 million for 2015.
Passenger numbers for the six months to September 30 rose 13% to 58.1 million, boosting revenues to a little over €4 billion, up 14%. The airline claims its full 2015 profits will be close to €1.225 million.
Load factor rose by four percentage points to 93%. Ryanair became the first airline in the EU to carry more than 10 million passengers in a month in July.
Savings on unhedged fuel, messages about improving customer service and poor weather in northern Europe all contributed to the result.
There may be a price war in 2016, chief executive Michael O’Leary predicts, as “in recent weeks we have seen most airlines reduce their prices”.


Check Also

Ryanair, Brexit, O'Leary, management, Jacobs, Bellew, EU, UK, flights, grounded, planes, routes, USA, open skies

Ryanair threatens to ground flights over Brexit

Ryanair’s CEO threatens to ground flights in an anti-Brexit tirade, but then the CMO says this won’t happen.

Frankfurt, charges, airlines, airport, Main, Hahn, low-cost, Ryanair, Lufthansa, base, aircraft

Ryanair shifts more routes to Frankfurt Airport

Planes are disappearing from Frankfurt-Hahn since the sale of the airport to China’s HNA Group.

Emirates, Ryanair, Flybe, Austrian, Virgin, British Airways, easyjet, American Airlines, airlines, load factor, PLF, fullest, planes, aircraft, environment, business, profit

Airlines with best and worst load factor

Flying planes full makes airlines far more profitable, and it’s better for the environment.

Ryanair, Brexit, O'Leary, shareholders, sell, UK, EU, deal, shares, citizen

Ryanair may force UK shareholders to sell

CEO Michael O’Leary believes such a move may arise to avoid Ryanair being grounded after Brexit.

Ryanair, Brexit, O'Leary, management, Jacobs, Bellew, EU, UK, flights, grounded, planes, routes, USA, open skies

Ryanair to return to Copenhagen?

A representative of the low-cost carrier meets Danish unions ahead of setting up a possible base.

TAP, seating, Ryanair, investigation, CAA, civil, UK, seating, families, split, fee, pay, ancillary, rules, groups

Airlines investigated over seating policy

Airlines flying to or from the UK will be investigated because families and groups are split up on board.