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.
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