May 20, 2024
Ryanair profits surge after fares climb by 20%
No-frills airline Ryanair has reported a strong rise in full-year profits after raising its fares by more than a fifth. The carrier said profits for the year to March jumped 34% to €1.92bn despite seeing a sharp rise in fuel costs. Europe's largest airline by passenger numbers said it could carry up to 200 million people this year if the planes it has ordered from Boeing arrive on schedule. Ryanair carried 183.7 million passengers over the year, with average fares up 21%. It said bookings for this summer were ahead of last year, although fares were not as high as it had expected. It said it was "Cautiously optimistic" that fares in the peak of the summer would be "Flat to modestly ahead" of last year.
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