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Ryanair Profit Runs to €180m A Month

Ryanair Aircraft - Business Plus magazine
/ 2nd November 2015 /
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Ryanair net profits for the six months to end September 2015 rose 37% to €1,088 million. Traffic grew 13% to 58 million passengers, load factor increased from 89% to 93% and average fairs rose 2%.

Ryanair CEO Michael O'Leary said: "We have enjoyed a bumper summer due to a very rare confluence of favourable events including stronger sterling, adverse weather in northern Europe, reasonably flat industry capacity and further savings on our unhedged fuel."

The company completed a €400 million share buyback in August. It also plans to return the €398 million from the sale of its Aer Lingus stake to shareholders this month. This will bring Ryanair's total return to shareholders since 2008 to €3.3 billion.

This winter will see four additional Ryanair bases in Berlin, Corfu, Gothenburg and Milan. The company will also add 119 new routes, including a four-daily Dublin to Amsterdam route, a six-daily Cologne to Berlin route and three routes to Israel from Budapest, Kaunas and Krakow.

The company projects double-digit growth in Ireland, among other countries where Ryanair's Copenhagen operations are expected to double.

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Additionally, Ryanair will add 28 Boeing 737 aircrafts to its fleet this winter, bringing the total aircrafts to 340 by end 2015. Another 330 aircrafts are on order.

 

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