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Ryanair profits soar
AFTER reporting a loss of €355 million last year, Ryanair has bounced back to announce nearrecordbreaking profits of €1.4 billion this year.
The yearly profits mean the airline made just over €40 per second.
The low cost airline will carry a record number of passengers this year as bookings have soared.
Passenger numbers have increased and are estimated to be 186 million this year.
This is helped by the airline’s largest ever summer schedule covering almost 2,500 routes and 3,000 daily flights
Michael O’Leary, chief executive of the airline said: “To date, summer 2023 demand is robust and peak summer 2023 fares are trending ahead of last year.
“Firstquarter fares, which benefited from a strong Easter in April and a very weak previous year comparable due to Russia’s invasion of Ukraine will be significantly higher than the first quarter of 202223.”
The Irish airline recently committed to a spend of €40 billion with an order of new Boeing 737Max10 aircraft.
The airline expects the order to create 10,000 jobs as well as allow its passenger numbers to grow to 300 million a year by 2034.
