Belfast Telegraph

Saturday 12 July 2014

Ryanair profits up 39% despite fuel cost and terror plot

Ryanair has reported another huge increase in profits during the six months to September of this year.

The airline says it enjoyed profits of €329m during the six-month period, up 39% on the same period in 2005.

It says passenger numbers were also up 23% to 22.1 million.

The improvements come despite rising fuel prices and the major disruption at UK airports following the foiling of an alleged plot to bomb transatlantic airliners with liquid explosives.

Ryanair is revising its outlook for the entire year upwards as a result of the good performance and says it expects net profits for the year to be up 16% to €350m.

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