Ryanair reports fares down, revenues up
Ryanair has announced 2015 first quarter profits of €245 million, up 25%.
The airline carried 28 million passengers in the three months to 30 June, an increase of 16%. Revenue was up 10%.
Load factor increased 6% points to 92%, while average fares fell 4% to €45.
Meanwhile, Reuters reports chief executive Michael O’Leary has called on rival airlines to work together to cut out price comparison sites, by displaying each other’s lowest fares.
In a video statement, O’Leary said: "I think it is something the big airlines could and should work together on because I think it makes no sense for third-party price comparison websites out there.
"If the airlines were competitive and had a competent digital offering, those kind of websites shouldn’t exist."
The airline has closed its two Danish bases, in Copenhagen and Billund, and will open a 6th German base, in Berlin, in September.
Also in September, a second Swedish base, in Gothenburg, will open.
Israel will become the 31st country served when Ryanair starts flying to Eilat Ovda Airport from Budapest, Kaunas and Krakow in December.
Lisa
Lisa joined Travel Weekly nearly 25 years ago as technology reporter and then sailed around the world for a couple of years as cruise correspondent, before becoming deputy editor. Now freelance, Lisa writes for various print and web publications, edits Corporate Traveller’s client magazine, Gateway, and works on the acclaimed Remembering Wildlife series of photography books, which raise awareness of nature’s most at-risk species and helps to fund their protection.
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