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.
Most Popular Stories
- Islamic State Obliterating Cultural Landmarks in Mosul
- VW Site Could Mean Another 2,000 Jobs for Chattanooga
- Eid al-Fitr Celebrations Mark End of Ramadan
- Oppression of Women Cripples Africa: Obama
- RV Sales See Highest Increase Post Great Recession
- Contreras-Sweet to Speak at MED Week
- Report: China to Declare Qualcomm a Monopoly
- The 2014 Fastest-Growing 100
- Anarchy, Chaos Sweep Across Libya
- Insecticides Permeate U.S. Food, Water Supply