Ryanair exceeds expectations with huge profits surge
Ryanair has reported a 44% increase in its annual profits and revealed that passenger numbers are up 38% on a year ago.
While British Airways on Friday revealed disappointing passenger figures for May, the no-frills carriers continue to outperform the sector.
The budget airline said that after tax profits were up 44% to euros150.4m. Load factors increased to 81% and marketing and distribution costs fell 42%. However average fares were down 8%, which the airline said was due to foot and mouth disease and September 11.
Ryanair chief executive Michael O’Leary said: “This is another set of outstanding financial results from Ryanair. Despite the impact on the airline sector of both the foot and mouth outbreak in the UK and the tragic events of 11 September in the US. These two events adversely impacted all airlines so our increase in passengers and profits last year is further testimony to the robustness of Ryanair’s unique low fares formula in Europe. No other airline in Europe can match Ryanair’s low fares, our costs or our profitability.”
Mr O’Leary said he was particularly pleased with the airline’s success in the German market, which he claimed “has surprised even ourselves.” Ryanair has achieved 80% load factors on its flights from Germany since the launch of its Frankfurt-Hahn base in February and expects to carry two million passengers on its German routes during the year.
On Friday the Appeals Court in Cologne overturned a previous injunction obtained by Lufthansa which aimed to stop Ryanair and Frankfurt Hahn from using the name ‘Frankfurt’ in the title of the airport which is located some 60 miles away from the city.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Qatar Airways offers flexible payment options for European travellers
Phocuswright reveals the world's largest travel markets in volume in 2025
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Skyscanner reveals major travel trends 2026 at ITB Asia
In Italy, the Meloni government congratulates itself for its tourism achievements