Ryanair on Monday posted its largest ever after-tax profit for its key summer season and said it expected very strong passenger and fare growth for years to come as customers switch from higher-cost rivals.
Ryanair on Monday posted its largest ever after-tax profit for its key summer season and said it expected very strong passenger and fare growth for years to come as customers switch from higher-cost rivals.
Ryanair will likely trim some flights in August due to delivery delays from Boeing but there will be no material impact on customers, senior executive Eddie Wilson said in an interview on Tuesday.
Ryanair achieved close to record full-year profit in the year to March 31 and is cautiously optimistic that robust summer demand will ensure modest profit growth in the next 12 months despite fuel costs being less “fortuitously” hedged.
Ryanair on Tuesday resigned from an industry group set up by the British government to help implement its aviation strategy, dismissing it as a “talking shop” which has delivered no benefits or reforms for passengers.
The morning of Monday, July 24, did not start out well for Swiss International Air Lines. Thunderstorms — the bane of all airline operations — hit its home base of Zurich a little before 7 a.m. local time and temporarily halted flights at the airport.
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