Monday, 21 May 2018

Ryanair reports soaring profits despite having to cancel thousands of flights in September



Ryanair has reported record annual results, despite it having to cancel thousands of flights in September due to problems with pilots' rotas.

 
The Irish airline said profits after tax rose 10% to €1.45bn (£1.27bn), despite the wave of bad publicity.


However, it warned higher costs would make the year ahead more difficult.


The outlook for the coming year was "on the pessimistic side of cautious", chief executive Michael O'Leary said in a statement.


The carrier, Europe's largest low-cost airline, said passenger numbers had risen by 9% to 130.3 million in the 12 months to the end of March,
That increase was stimulated by lower fares, it said, with Germany, Italy and Spain the three largest growth markets.




BBC     News.