This article is from the source 'bbc' 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.bbc.co.uk/news/business-29876220
The article has changed 2 times. There is an RSS feed of changes available.
Previous version
1
Next version
Version 0 | Version 1 |
---|---|
Ryanair raises profit forecast | Ryanair raises profit forecast |
(about 3 hours later) | |
Ryanair has lifted its full-year profit forecast and reported a 32% rise in half-year net profit to €795m (£621m). | Ryanair has lifted its full-year profit forecast and reported a 32% rise in half-year net profit to €795m (£621m). |
The no-frills airline said full-year profit would now be between €750m and €770m, compared with its previous forecast of €650m. | The no-frills airline said full-year profit would now be between €750m and €770m, compared with its previous forecast of €650m. |
Passenger numbers rose 4% in the first half of the year, and it now expects traffic to rise 16% in the second half. | Passenger numbers rose 4% in the first half of the year, and it now expects traffic to rise 16% in the second half. |
It cautioned the raised guidance was "heavily reliant" on the strength of second-half bookings. | It cautioned the raised guidance was "heavily reliant" on the strength of second-half bookings. |
The carrier said its average fare rose 5% in the first half of the year to €54. | |
However, chief executive Michael O'Leary told the BBC that "slightly higher" summer fares would be used to "slash" winter fares "by between 6 and 8%". He thought this would leave full-year prices flat or up only slightly. | |
The airline has signed a deal for as many as 200 additional Boeing aircraft, which have extra seats and more legroom. | |
The planes, which are due to be delivered between 2019 to 2024, would "significantly lower" its unit costs and enable it to cut fares further, Ryanair said. | The planes, which are due to be delivered between 2019 to 2024, would "significantly lower" its unit costs and enable it to cut fares further, 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," Ryanair said. |
Previous version
1
Next version