Record full-year profits for Ryanair

Published Monday, 21 May 2012
Comments
Toggle font size
Print

Budget airline Ryanair has reported record full-year profits of €503m.

Record full-year profits for Ryanair
Michael O’Leary welcomed the results. (© Getty)

The figure is up by 25%, the company announced on Monday, while revenue has risen 19% to €4,325m.

Over the past 12 months Ryanair has carried 76m passengers, almost four million more than the year before.

Michael O'Leary from the company described the increases as "commendable" amid tough economic times across Europe.

"This 25% profit increase to a new record of €503m and 5% traffic growth during a year of higher oil prices, and deep recession in Europe was a commendable result," he said.

"Our fuel bill rose over €360m as oil prices increased 16% from $73 to $85pbl.

"Excluding fuel, adjusted unit costs were flat during the year due to aggressive cost control, despite a modest company-wide pay increase, higher Eurocontrol fees and increased airport costs.

"Ancillary revenue outpaced traffic growth, rising by 11% to €886m or 21% of total revenue."

© UTV News
Comments Comments
0 Comments
No comments. Be the first to comment.
POST A COMMENT:
Name:  
Email address*:    
Location:  
Validation:
House Rules:  
Your Comment:  
[All comments are moderated and will not appear immediately. Your name, location and comment will be displayed on this page if your post passes moderation.]
MOST POPULAR GALLERIES
Lynda Bellingham: 1948-2014
Mon 20 October 2014
The X Factor: Judges
Fri 03 October 2014
NI v Greece
Tue 14 October 2014