Ryanair, Europe’s largest low fare airline today (27 July) announced a Q1 Net Profit of €136.5m, a €115.5m (550%) increase over last year’s Q1 figure. Total revenues were flat due to an 11% rise in traffic being offset by a 13% decline in average fares. Unit costs fell by 26% due to lower fuel prices (excluding fuel they fell by 5%) and reductions in staff, airport and handling costs.

Ryanair, Europe’s largest low fares airline today (2nd Nov) announced an 80% increase in half year net profits to €387m. Revenues fell by 2% to €1.8bn, as a 17% decline in average fares was largely offset by a 15% growth in traffic. Unit costs fell 27% due to lower fuel prices (excluding fuel, unit costs fell 5%) and rigorous cost discipline.

Ryanair, Europe’s largest low fares airline today (2nd Nov) announced an 80% increase in half year net profits to €387m. Revenues fell by 2% to €1.8bn, as a 17% decline in average fares was largely offset by a 15% growth in traffic. Unit costs fell 27% due to lower fuel prices (excluding fuel, unit costs fell 5%) and rigorous cost discipline.