Ryanair reports 14.9m euro profit

Ryanair plane The carrier lifted its full-year profit guidance

Related Stories

Ryanair has reported a net profit of 14.9m euros ($19.6m; £12.5m) in the last three months of 2011, thanks to higher fares and better weather than the same period a year earlier.

It compares with a loss of 10.3m euros in the final quarter of 2010, when there were cancellations due to snow.

The budget airline said average fares rose 17% due to reduced seat capacity and higher fuel surcharges.

Revenues rose 13% to 844m euros, despite a 2% fall in passenger numbers.

The airline carried 16.7 million passengers in the quarter, down from 17 million a year ago.

In contrast, rival Easyjet announced last week an 8.1% increase in passengers in the last three months of 2011.

Guidance raised

Ryanair said it had faced higher fuel costs, which had risen 18% on the year.

It expects its fuel bill for the next financial year to rise by about 350m euros, leading to speculation that fares will continue to rise.

The company said that its quarterly profit was "slightly ahead of guidance".

It now expects its full-year profit to exceed previous guidance of 440m euros and rise to 480m euros.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories

RSS

Features

  • RihannaCloud caution

    After celebrity leaks, what can you do to safeguard your photos?


  • Cesc FabregasFair price?

    Have some football clubs overpaid for their new players?


  • Woman and hairdryerBlow back

    Would banning high-power appliances actually save energy?


  • Rack of lambFavourite feast

    Is the UK unusually fond of lamb and potatoes?


  • Members of staff at James Stevenson Flags hold a Union Jack and Saltire flag UK minus Scotland

    Does the rest of the UK care if the Scots become independent?


BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.