05/02/2002
Ryanair defies trends and releases sky-high profits
Ryanair has reported a 35 per cent increase in profits, as the cut-price air carrier defies current difficulties facing the airline industry.
The company's post-tax profits rose to £17.6 million during the fourth quarter of 2001 at a time when most large airlines are suffering severe losses thanks to the downturn in passenger numbers. Major carriers such as British Airways have been hit particularly hard due to a decrease in business travel, especially on transatlantic flights.
However, low-cost carriers such as Ryanair and Easyjet have benefited from the situation, as they do not fly transatlantic, nor do they stratify their seats. Offering fares that average around £35, such companies pass on fewer costs to their customers through their use of small airports with lower charges.
In addition, as competition in the cut-price sector increases, fares could go even lower, as the sector expands even further.
Ryanair have recently placed an order with Boeing for 100 of the aerospace firm's 737-800 models which will be brought into service over the next seven years.
During that time, Ryanair hope to have increased their destinations to offer greater European coverage, especially to business travellers, through securing slots at larger airports which will see passengers landing closer to city centres. (CL)
The company's post-tax profits rose to £17.6 million during the fourth quarter of 2001 at a time when most large airlines are suffering severe losses thanks to the downturn in passenger numbers. Major carriers such as British Airways have been hit particularly hard due to a decrease in business travel, especially on transatlantic flights.
However, low-cost carriers such as Ryanair and Easyjet have benefited from the situation, as they do not fly transatlantic, nor do they stratify their seats. Offering fares that average around £35, such companies pass on fewer costs to their customers through their use of small airports with lower charges.
In addition, as competition in the cut-price sector increases, fares could go even lower, as the sector expands even further.
Ryanair have recently placed an order with Boeing for 100 of the aerospace firm's 737-800 models which will be brought into service over the next seven years.
During that time, Ryanair hope to have increased their destinations to offer greater European coverage, especially to business travellers, through securing slots at larger airports which will see passengers landing closer to city centres. (CL)
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05 November 2001
Ryanair profits soar despite airline industry depression
Low cost airline Ryanair has reported that its profits for the first half of 2001 have increased by 39 per cent, representing the company’s ability to overcome the negative aspect currently afflicting the airline industry. With a corresponding increase in the numbers of passengers – up by 37 per cent to 5.
Ryanair profits soar despite airline industry depression
Low cost airline Ryanair has reported that its profits for the first half of 2001 have increased by 39 per cent, representing the company’s ability to overcome the negative aspect currently afflicting the airline industry. With a corresponding increase in the numbers of passengers – up by 37 per cent to 5.
20 July 2010
Ash Cloud Hits Budget Airline's Profits
Low cost carrer Ryanair has announced a drop in profits of 24%, due to the disruption caused by the volcanic ash cloud earlier this year. The budget airline's first-quarter profits announcement saw a net profit of £117.8 million in the three months to the end of June, representing an increase of 1% on last year's figures.
Ash Cloud Hits Budget Airline's Profits
Low cost carrer Ryanair has announced a drop in profits of 24%, due to the disruption caused by the volcanic ash cloud earlier this year. The budget airline's first-quarter profits announcement saw a net profit of £117.8 million in the three months to the end of June, representing an increase of 1% on last year's figures.
03 February 2009
Ryanair Predicts Profits Will Follow €100m Loss
Although Irish budget airline Ryanair now expects a smaller fourth-quarter loss than previously anticipated - due to lower fuel costs - the airline has today reported a loss of €102m for the third quarter of 2008/09. The €101.5m adjusted net loss for the three months to the end of December compares with a €35m profit a year ago.
Ryanair Predicts Profits Will Follow €100m Loss
Although Irish budget airline Ryanair now expects a smaller fourth-quarter loss than previously anticipated - due to lower fuel costs - the airline has today reported a loss of €102m for the third quarter of 2008/09. The €101.5m adjusted net loss for the three months to the end of December compares with a €35m profit a year ago.
07 August 2001
BASF issue another profits warning
Chemicals giant BASF have issued another profits warning as second quarter results revealed a drop in profits of euro 131 million, down around 15 per cent on the same period in 2000. The interim report noted that in 2001 BASF were expecting a decline in income from operations from ongoing business”.
BASF issue another profits warning
Chemicals giant BASF have issued another profits warning as second quarter results revealed a drop in profits of euro 131 million, down around 15 per cent on the same period in 2000. The interim report noted that in 2001 BASF were expecting a decline in income from operations from ongoing business”.
11 June 2002
Budget airlines reveal increasing passenger numbers
Budget airline easyJet and potential merger partner Go have unveiled increased passenger numbers for May. On Tuesday easyJet said they carried 898,080 passengers in May, 43% more than in the same period last year, while Go said they carried just over 500,000 passengers in May, 89% more than it did the year before.
Budget airlines reveal increasing passenger numbers
Budget airline easyJet and potential merger partner Go have unveiled increased passenger numbers for May. On Tuesday easyJet said they carried 898,080 passengers in May, 43% more than in the same period last year, while Go said they carried just over 500,000 passengers in May, 89% more than it did the year before.
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Northern Ireland WeatherToday:A sunny but frosty start for many. However cloud increases by midday with a few showers reaching the north coast, these mostly light but spreading inland this afternoon. Chilly. Maximum temperature 8 °C.Tonight:A rather cloudy evening with scattered showers. Becoming drier through the night with some good clear spells developing and a patchy frost away from coasts. Minimum temperature 0 °C.