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Ryanair passenger numbers rise by 7% to record high
The airline said lower fares and higher jet fuel costs cut after-tax profit to 538 million euro as passenger demand hit a July record.
- Ryanair carried a record 22.2 million passengers in July, up 7% year-on-year, yet reported a 34% drop in quarterly profits to €538 million for the three months ending June.
- Quarterly profits slumped as jet fuel prices doubled because of the Iran war, while the airline implemented a 6% drop in average fares to boost demand.
- On a 12-month rolling basis, the airline transported 213.2 million passengers, a 5% rise, while recently surpassing 7 million passengers at Belfast International Airport since 2016.
- Germany's Lufthansa cut its profit outlook on Tuesday and warned higher jet fuel costs could reduce earnings this year, sending shares down more than 10%.
- Price-Sensitive passengers are booking later, with only about 40% of September seats sold, as investors monitor the European sector's ability to cope with sustained fuel-price volatility.
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Low-cost Irish airline Ryanair broke a new traffic record in July. ...
·Brussels, Belgium
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The Irish airline Ryanair set a new record in July for the number of passengers carried. According to the budget carrier, boarded...
·Antwerp, Belgium
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Evening Standard+4 Reposted by 4 other sources
Ryanair passenger numbers reach new high
The Dublin-based low-cost airline said it carried 22.2 million passengers last month.
·London, United Kingdom
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Coverage Details
Total News Sources15
Leaning Left6Leaning Right0Center5Last UpdatedBias Distribution55% Left
Bias Distribution
- 55% of the sources lean Left
55% Left
L 55%
C 45%
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