News Column

Record Yearly Profit for Ryanair

May 20, 2013
Fueling an airplane

Low-cost airline Ryanair on Monday reported record yearly profits as it continued to grow, despite the economic crisis in Europe and higher fuel costs.

The Ireland-based company said annual profit stood at 569 million euros (731 million dollars), 13 per cent higher than last year.

A 5-per-cent rise in traffic levels to 79.3 million passengers lifted revenues for the fiscal year ending March 31 by 13 per cent to 4.88 billion euros, the company said in a statement.

It warned that the recession across much of the EU would dampen 2014 profits, which it expects to be in the range of 570-600 million euros.

The company has received 15 new aircraft, opened seven new bases, and launched 217 new routes.

Source: Copyright 2013 dpa Deutsche Presse-Agentur GmbH

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters