Menu
04/11/2002
Ryanair post blossoming half-year results
Low-cost Irish carrier Ryanair has announced record passenger levels for the first half this financial year.
According to figures published today the Irish budget airline carried 7.84 million passengers in the six months ending September 30, 2002 - up 37% on the same period last year.
After-tax profits for the April-September 2002 period rose 71% to a new record of €150.9m.
"Traffic and revenue growth has been remarkably strong across all markets," Ryanair's chief executive Michael O'Leary said.
"Ryanair’s average fares continue to be over 50% lower than our nearest competitor and up to 80% lower than Lufthansa and British Airways. Our increased profitability at these lower fares gives Ryanair even more capacity to reduce airfares, and further stimulate load factors, traffic and growth."
In the last year the company's fleet rose to 44 aircraft, which enabled the low-cost airline to operate ten routes from their new Frankfurt Hahn base, as well as seven new routes from London Stansted. Two new routes were also added to their Brussels base and one each at Glasgow, Shannon and Dublin.
Mr O' Leary said: "At a time when most of our high fare competitors in Europe were reducing capacity and increasing fares, Ryanair was stepping up its growth, and doing so profitably.
"Our profits for the half-year already exceed the total profits for the entire previous year, and this is a remarkable achievement at a time when we are still opening up new routes and driving down airfares."
(AMcE)
According to figures published today the Irish budget airline carried 7.84 million passengers in the six months ending September 30, 2002 - up 37% on the same period last year.
After-tax profits for the April-September 2002 period rose 71% to a new record of €150.9m.
"Traffic and revenue growth has been remarkably strong across all markets," Ryanair's chief executive Michael O'Leary said.
"Ryanair’s average fares continue to be over 50% lower than our nearest competitor and up to 80% lower than Lufthansa and British Airways. Our increased profitability at these lower fares gives Ryanair even more capacity to reduce airfares, and further stimulate load factors, traffic and growth."
In the last year the company's fleet rose to 44 aircraft, which enabled the low-cost airline to operate ten routes from their new Frankfurt Hahn base, as well as seven new routes from London Stansted. Two new routes were also added to their Brussels base and one each at Glasgow, Shannon and Dublin.
Mr O' Leary said: "At a time when most of our high fare competitors in Europe were reducing capacity and increasing fares, Ryanair was stepping up its growth, and doing so profitably.
"Our profits for the half-year already exceed the total profits for the entire previous year, and this is a remarkable achievement at a time when we are still opening up new routes and driving down airfares."
(AMcE)
Related Northern Ireland News Stories
Click here for the latest headlines.
03 November 2003
Ryanair profits rise by 16% as fares reduced by 12%
Economy airline Ryanair posted a record net profit growth of 16% to £120 million (euro 176 million) as traffic increased by 45%, fuelled by a 12% fare decrease. Ryanair increased the number of passengers carried from 7.8 million in 2002 to 11.3 million this year in the six months to September 30. In the same period revenue increased from euro 464.
Ryanair profits rise by 16% as fares reduced by 12%
Economy airline Ryanair posted a record net profit growth of 16% to £120 million (euro 176 million) as traffic increased by 45%, fuelled by a 12% fare decrease. Ryanair increased the number of passengers carried from 7.8 million in 2002 to 11.3 million this year in the six months to September 30. In the same period revenue increased from euro 464.
28 January 2004
Ryanair 'cautious' on fares and profits
Ryanair has warned that the company expect profits during this final quarter may decline by as much as 30% over those recorded in the comparable quarter last year.
Ryanair 'cautious' on fares and profits
Ryanair has warned that the company expect profits during this final quarter may decline by as much as 30% over those recorded in the comparable quarter last year.
13 February 2024
NI Fastest Growing UK Region For New Companies
Northern Ireland was the fastest-growing region of the UK for newly registered companies in 2023, according to a new index from Ulster Bank and Beauhurst. The New Startup Index highlights how in 2023 Northern Ireland gained 14,000 new companies, a 59% increase on 2022.
NI Fastest Growing UK Region For New Companies
Northern Ireland was the fastest-growing region of the UK for newly registered companies in 2023, according to a new index from Ulster Bank and Beauhurst. The New Startup Index highlights how in 2023 Northern Ireland gained 14,000 new companies, a 59% increase on 2022.
07 November 2016
Ryanair Posts Increase In Profits
Ryanair has announced a 7% increase in its half-year profits. In a report published today, the airline recorded a rise in H1 profits to €1,168 million, with AGB and lower fares delivering 12% traffic growth to 65 million customers. It also cited a 2% jump in load factor to 95%. In addition, average fares fell by 10% to €50.
Ryanair Posts Increase In Profits
Ryanair has announced a 7% increase in its half-year profits. In a report published today, the airline recorded a rise in H1 profits to €1,168 million, with AGB and lower fares delivering 12% traffic growth to 65 million customers. It also cited a 2% jump in load factor to 95%. In addition, average fares fell by 10% to €50.
27 April 2016
Ryanair Announces Three New Routes From Belfast To Poland
Ryanair has announced three new routes from Belfast International Airport to Poland. The airline has expanded its winter schedule with routes to Gdansk, Warsaw and Wroclaw.
Ryanair Announces Three New Routes From Belfast To Poland
Ryanair has announced three new routes from Belfast International Airport to Poland. The airline has expanded its winter schedule with routes to Gdansk, Warsaw and Wroclaw.
-
Northern Ireland WeatherThis Evening and Tonight:Mostly cloudy with showery outbreaks of rain reaching parts of Antrim and Down later this evening, The showers will extend westwards overnight, clearing from most places by morning. Minimum temperature 7 °C.
