Ryanair’s First Half Profits Up 32 Per Cent

Ryanair has turned around its previous profit warning to create a net gain of €795m (£620m) for the first half of 2014, a rise of 32 per cent.

Ryanair has turned around its previous profit warning to create a net gain of €795m (£620m) for the first half of 2014, a rise of 32 per cent.

The low-cost carrier’s traffic rose four per cent to 51.3 million in the six months up to September and its load factor climbed four percentage points to 89 per cent. Its average first half fare climbed five per cent to €54 (£42).

The airline’s half year unit costs fell by two per cent but excluding fuel they rose three per cent, mainly due to higher landing and handling costs at primary airports, the airline said.

Ancillary revenue rose to €741m (£578m) in line with traffic growth as airport and baggage fee reductions were offset by the increased uptake of allocated seating.

 

TAGS: Europe
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