Arab Today, arab today ryanair profit soars almost 40
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

Ryanair profit soars almost 40%

Arab Today, arab today

Arab Today, arab today Ryanair profit soars almost 40%

Ryanair says it will carry a record 105 million passengers 2015
Dublin - AFP

Irish airline Ryanair's first-half net profits soared by nearly 40 percent on keen demand, the strong pound and fuel savings, it said Monday.

The Dublin-based carrier added in a results statement that it was on target to hit the upper end of its annual earnings forecast, aided also by ongoing improvements to customer services.

Earnings after taxation jumped 37 percent to 1.09 billion euros ($1.2 billion) in the six months to the end of September, compared with 795 million euros a year earlier.

Passenger numbers swelled 13 percent to 58.1 million people and revenues grew 14 percent to 4.04 billion euros.

"We have enjoyed a bumper summer due to a very rare confluence of favourable events including stronger sterling, adverse weather in northern Europe, reasonably flat industry capacity and further savings on our unhedged fuel," said chief executive Michael O'Leary.

He added that the airline's "Always Getting Better" customer services programme was "driving stronger forward bookings, higher load factors" and "accelerating traffic growth."

Ryanair predicted full-year net profit would be towards the upper end of its forecast range of between 1.175-1.225 billion euros.

O'Leary said it was now the airline's target to carry 180 million passengers per year by 2024, from an earlier goal of 160 million.

He said lower fuel costs would save the airline 430 million euros next year, while it had already hedged 95 percent of its fuel for next year.

The airline confirmed it will return a special dividend of 398 million euros to shareholders this month after the sale of its stake in Irish competitor Aer Lingus to the International Airlines Group earlier this year.

The company moved to overhaul its approach to customer service in 2014 in the wake of years of negative publicity.

Ryanair said it would carry a record 105 million passengers this year, raising its earlier forecast of 104 million people issued only last month.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ryanair profit soars almost 40 Arab Today, arab today ryanair profit soars almost 40

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ryanair profit soars almost 40 Arab Today, arab today ryanair profit soars almost 40

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday