This article is from the source 'guardian' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.guardian.co.uk/business/2013/may/20/ryanair-profits-customers-rise
The article has changed 3 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Ryanair profits and customers rise | Ryanair profits and customers rise |
| (34 minutes later) | |
| Low-cost airline Ryanair saw annual profits rise by 13% but warned that the recession across much of Europe will dampen growth this year. | Low-cost airline Ryanair saw annual profits rise by 13% but warned that the recession across much of Europe will dampen growth this year. |
| The Dublin-based company, which operates on more than 1,600 routes, carried 79.3 million passengers in the year to 31 March, an increase of 5% on a year earlier as revenues improved 13% to €4.8bn (£4.1bn). | The Dublin-based company, which operates on more than 1,600 routes, carried 79.3 million passengers in the year to 31 March, an increase of 5% on a year earlier as revenues improved 13% to €4.8bn (£4.1bn). |
| Post-tax profits rose to €569m and the airline is hopeful of another rise this year, albeit at a slower rate of growth as economic conditions put pressure on average fares across the industry. | Post-tax profits rose to €569m and the airline is hopeful of another rise this year, albeit at a slower rate of growth as economic conditions put pressure on average fares across the industry. |
| Ryanair expects traffic to grow by another 2 million passengers to 81.5 million in the current year, helped by this summer's addition of more than 200 routes and seven new bases, including at Eindhoven, Krakow and Marrakech. | |
| It said costs will continue to rise, with higher oil prices again the culprit after its fuel bill increased by €290m in the last financial year. Fuel now represents 45% of all the airline's costs. | It said costs will continue to rise, with higher oil prices again the culprit after its fuel bill increased by €290m in the last financial year. Fuel now represents 45% of all the airline's costs. |
| Ryanair's average fares increased by 6% in the year to March, although this was outpaced by a 20% jump in revenues from additional services such as reserved seating to €1bn – representing 22% of all sales in the year. | Ryanair's average fares increased by 6% in the year to March, although this was outpaced by a 20% jump in revenues from additional services such as reserved seating to €1bn – representing 22% of all sales in the year. |
| With Ryanair hoping to carry more than 100 million passengers a year by the end of 2018, it recently announced plans for the delivery of 175 new Boeing aircraft. | With Ryanair hoping to carry more than 100 million passengers a year by the end of 2018, it recently announced plans for the delivery of 175 new Boeing aircraft. |
| Chief executive Michael O'Leary said: "Ryanair is now uniquely positioned to offer many of Europe's airports sustained traffic growth in return for low-cost, efficient facilities. | |
| "I am confident that in time this new order will enable Ryanair to extend its traffic leadership over Europe's airlines, and generate further returns for our shareholders." | "I am confident that in time this new order will enable Ryanair to extend its traffic leadership over Europe's airlines, and generate further returns for our shareholders." |