Belfast Telegraph

Monday 28 July 2014

Ryanair's profits soar as it cuts winter flights

Low-cost airline Ryanair has announced a jump in profits but said passenger numbers will fall 10% this month as it grounds more planes this winter.

The Dublin-based operator posted profits of €544m (£467.5m) in the six months to September 30, an increase of 20%, as a 13% rise in average fares helped it offset a 37% hike in fuel costs.

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? customercare@belfasttelegraph.co.uk