Ryanair announces surging quarterly profit
Revenue surged 40 percent to 3.65 billion euros
24 July, 09:09
(ANSA-AFP) - LONDON, JUL 24 - Irish no-frills airline Ryanair
on Monday announced surging profits for its first quarter,
recovering from disruption to traffic one year earlier in the
wake of Russia's invasion of Ukraine. Profit after tax soared to
663 million euros ($738 million) in the three months to the end
of June from 170 million euros in the carrier's prior first
quarter, a statement said. Passenger traffic jumped 11 percent
to 50.4 million customers. Revenue surged 40 percent to 3.65
billion euros. Ryanair, which flies mainly across Europe, said
it also benefitted from strong Easter trading and an extra
public holiday in the UK marking the coronation of King Charles
III. (ANSA-AFP).