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03/11/2014
Half-Year Profit Rises 32% For Ryanair
Ryanair has announced a 32% increase in its half-year net profit.
Its profit rose to €795m, leading the budget airline to predict its full-year profit would now be between €750m and €770m.
The company's previous forecast was €650m.
In the first half of 2014, passenger numbers also increased by 4% and this is expected to rise even further – by 16% – in the second half of the year.
However, it cautioned that the guidance remains "heavily reliant" on the strength of bookings made in the second-half.
The firm has also signed an agreement for up to 200 additional Boeing aircraft to be added to its fleet. The planes, which have extra seats and more leg room, are due to be delivered between 2019 and 2024, and the airline has said it will "significantly lower" its unit costs, therefore enabling it to cut its fares further.
In a statement, Michael O'Leary, CEO of Ryanair, said: "As these strong H1 results and raised full year guidance demonstrate, our business model is performing well but much work remains to be done over the next 12 months."
(JP/CD)
Its profit rose to €795m, leading the budget airline to predict its full-year profit would now be between €750m and €770m.
The company's previous forecast was €650m.
In the first half of 2014, passenger numbers also increased by 4% and this is expected to rise even further – by 16% – in the second half of the year.
However, it cautioned that the guidance remains "heavily reliant" on the strength of bookings made in the second-half.
The firm has also signed an agreement for up to 200 additional Boeing aircraft to be added to its fleet. The planes, which have extra seats and more leg room, are due to be delivered between 2019 and 2024, and the airline has said it will "significantly lower" its unit costs, therefore enabling it to cut its fares further.
In a statement, Michael O'Leary, CEO of Ryanair, said: "As these strong H1 results and raised full year guidance demonstrate, our business model is performing well but much work remains to be done over the next 12 months."
(JP/CD)
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28 July 2014
Ryanair Increases Profit Forecast
Ryanair has increased its annual profit forecast after its net income more than doubled for the three months to June. In its latest trading update, the budget airline said its Q2 profit rose to €197m, compared to €78m the previous year.
Ryanair Increases Profit Forecast
Ryanair has increased its annual profit forecast after its net income more than doubled for the three months to June. In its latest trading update, the budget airline said its Q2 profit rose to €197m, compared to €78m the previous year.
07 October 2014
Delays At Airport After Planes Clip On Runway
Minor delays were caused at Dublin Airport this morning after two Ryanair flights clipped each other while taxing to a runway. According to witnesses one plane lost a small section of its wing when it clipped another plane. No one was injured in the incident and the airport quickly returned to normal.
Delays At Airport After Planes Clip On Runway
Minor delays were caused at Dublin Airport this morning after two Ryanair flights clipped each other while taxing to a runway. According to witnesses one plane lost a small section of its wing when it clipped another plane. No one was injured in the incident and the airport quickly returned to normal.
20 July 2010
Ash Cloud Cuts Ryanair Profits
Ryanair has reported the recent ash cloud from the Icelandic volcano caused a 24% fall in its profits during the first three months of its financial. The disruptions caused by the volcanic ash cloud meant its net profit for the period from March to the end of June was €93.7m, with a cost of €50m for almost 10,000 flights cancelled in April and May.
Ash Cloud Cuts Ryanair Profits
Ryanair has reported the recent ash cloud from the Icelandic volcano caused a 24% fall in its profits during the first three months of its financial. The disruptions caused by the volcanic ash cloud meant its net profit for the period from March to the end of June was €93.7m, with a cost of €50m for almost 10,000 flights cancelled in April and May.
01 September 2011
Aer Lingus Predict Profit - Despite €28m Loss
The Irish airline, Aer Lingus, has said that net losses narrowed in the first half of the year and that it was on course for an annual profit. It has reported operating losses of €27.8m, or £24.6m, in the first half of 2011 but had a strong second quarter, taking profits of €25.9m. The airline said passenger numbers also rose by 8.
Aer Lingus Predict Profit - Despite €28m Loss
The Irish airline, Aer Lingus, has said that net losses narrowed in the first half of the year and that it was on course for an annual profit. It has reported operating losses of €27.8m, or £24.6m, in the first half of 2011 but had a strong second quarter, taking profits of €25.9m. The airline said passenger numbers also rose by 8.
10 December 2013
Ryanair Standsted Flights Diverted
A number of Ryanair flights to Standsted Airport have been diverted due to a combination of technical problems with the landing system there and low visibility weather conditions, the airline has said.
Ryanair Standsted Flights Diverted
A number of Ryanair flights to Standsted Airport have been diverted due to a combination of technical problems with the landing system there and low visibility weather conditions, the airline has said.
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Ireland WeatherThis Evening and Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Perhaps a touch of ground frost. Cloud will spread east towards morning. Minimum temperature 2 °C.
