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
American Airlines Hits 100 Latin American and Caribbean Destinations from Miami with Additions of Maracaibo and Cap-Haïtien
Wingo to Suspend Flights Between Bogota and Santo Domingo Starting in July
Copa Airlines to Boost Connectivity in Venezuela by Increasing Flights to Barcelona and Maracaibo
LATAM Airlines Unveils Its First Embraer E195-E2
Plataforma Informativa de Aviación Comercial con 13 años de trayectoria.