Irish low-cost airline Ryanair posted a net profit of 1.43 billion euros (33.9 billion kronor) in the last fiscal year after a loss of 355 million euros the year before. The firm was helped by a recovery in demand for air travel after the covid-19 disease pandemic, it said in a press release today.
Increase everywhere
Revenue for the financial year to the end of March rose 124 percent to 10.78 billion euros, while passenger numbers rose 74 percent to 168.6 million. The company managed to increase its European market share, with strong growth in Italy, Poland, Ireland and Spain. Ticket prices are up ten per cent compared to pre-pandemic levels.
Strong season ahead
This year Ryanair expects an increase in passenger numbers and strong demand in the summer season. For the full fiscal year, the company estimates passenger growth of ten percent to 185 million. However, this estimate could be reduced by the postponement of aircraft deliveries from US manufacturer Boeing. Ryanair said net profit would be slightly higher than last year, with higher fuel costs expected to offset higher revenues.
Ryanair said in April that it would offer its biggest-ever flight schedule at Prague airport in the coming season. It will have a total of 33 scheduled routes and 285 flights a week in Prague.
source: ÄŒTK
