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.”