Monday, 22 October 2018

Ryanair airline profits hit by strikes and higher fuel costs

Strikes by air traffic controllers and Ryanair pilots and cabin crew have contributed to a slide in half-year profits over the summer.

The airline reported a 7% fall in profits to €1.2bn (£1.06bn) for the six months to 30 September.

Profits were also hit by higher fuel costs and what Michael O'Leary called "the worst summer of ATC [air traffic control] disruptions on record".

However, traffic rose 6% and its planes were 96% full.

Average fares slipped 3% to €46, but ancillary revenues - such as luggage and seat reservation fees - jumped 27% to €1.3bn.

BBC      News.

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