Ryanair’s half-yearly profit falls 18%
Ryanair reported Monday that it made a profit of €1.79 billion in its fiscal first half (April-September), down 18% from the €2.18 billion achieved in the same period in 2023.
→ Ryanair carried 19.1 million passengers in September
The airline attributed the drop in earnings, among other factors, to the lower average price of its airfare, which fell 15% and 7% in the first and second fiscal quarters, respectively, to stand at €52 at the end of the half-year, down 10% from the previous fiscal year.
However, this “price stimulation” strategy led Ryanair to carry 115.3 million passengers between April and September, up 9%, while increasing its turnover by 1% to 8.69 billion euros.
Related Topics
LATAM Carried 7.1 Million Passengers in February, Boosting Occupancy to 85.6%
Copa Airlines Reactivates Night Flight on Panama-Caracas Route
Avianca Doubles Down on Venezuela: Airline to Operate Two Daily Flights Between Bogota and Caracas
GOL Linhas Aéreas resumes direct flights between São Paulo and Caracas
Plataforma Informativa de Aviación Comercial con 13 años de trayectoria.