News

Ryanair Announces 18% Traffic Growth to 21.3m

Ryanair Announces 18% Traffic Growth to 21.3m

Ryanair today announced a Q1 net profit of €139m, a slight increase of 1% on Q1 last year. Revenues grew by 29% to €1,155.4m as traffic increased 18% and average fares rose 11%. Unit costs rose by 14% due to a 49% increase (€140m) in fuel costs. Excluding fuel, sector length adjusted unit costs fell by 1%. Ancillary sales grew 22% to €248m, 21% of total revenues.

Chief Executive Michael O’Leary said: “We have recently started trials of ‘reserved seating’ for 21 extra legroom seats on selected routes for a fee of €10 per seat. If successful we will roll out reserved seating across more of our network this winter.”

Click to add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

NEIL STEEDMAN has been a trade journalist, editor and proofreader for 53 years, and ITTN's News & Features Editor for 43 years. His travel blog is at www.thetravelbuddhist.com.

More in News

British Airways First to Trial Covid Test That Delivers Results in 25 Seconds

Fionn DavenportMay 14, 2021

Holidaymakers’ Plans in Doubt as Portugal Extends Lockdown

Fionn DavenportMay 14, 2021

U.S. Health Authorities Remove Mask & Social Distancing Requirements for Vaccinated People

Fionn DavenportMay 14, 2021

Rolls-Royce in Talks with Boeing on Possible New Jet

Fionn DavenportMay 14, 2021

Opening of Travel Bubble Between Britain and Ireland Planned

Fionn DavenportMay 14, 2021

UK Healthcare Bosses Slam ‘Shambolic’ Green List & Traffic Light System

Fionn DavenportMay 14, 2021

Ryanair Calls for Lifting of Travel Restrictions from Ireland to UK and Europe

Fionn DavenportMay 14, 2021

Virgin Atlantic’s ‘Traffic Light’ Test Bundles

Fionn DavenportMay 14, 2021

Royal Caribbean Launch New Worldwide e-Brochure for 2021-22

Fionn DavenportMay 14, 2021

Copyright © 2021 ittn