Train journeys are booming in popularity thanks to dozens of new rail routes and more eco-conscious travellers who want to avoid the hassle of flight delays.
Ryanair Predicts Record Profits, Promises Dividends As Fares Soar
06.11.2023 - 13:28 / skift.com
Ryanair on Monday forecast a record annual profit and promised to pay investors a regular dividend for the first time after fares soared 24% during its key summer season.
Europe’s largest airline by passenger numbers said it expects an after-tax profit of between 1.85 billion and 2.05 billion euros ($ 1.9 billion to $2.2 billion) for the year to end-March, easily beating its previous record of 1.45 billion euros ($1.55 billion) in 2018.
The low-cost pioneer earned 2.18 billion euros ($2.34 billion) in the six months to the end of September, the first half of its financial year, 59% ahead of its previous record for the period, set last year.
Traffic in the period was up 11% to 105 million passengers while fares were 24% higher than last year, the airline said in a statement.
The airline announced its maiden ordinary dividend of 400 million euros ($430 million), split between an interim payment of 200 million euros ($215 million) in February and a final dividend of 200 million euros in September next year.
For subsequent financial years under a new dividend policy, Ryanair plans to return approximately 25% of the after-tax profit posted the previous year by way of ordinary dividend, the airline said.
The website maxtravelz.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
Top Autors
Popular Topics
thepointsguy.com
22.11.2023 / 18:13
Gas prices plunge just in time for record-breaking Thanksgiving crowds
Gas prices are plunging as record crowds hit the skies and the roads for Thanksgiving. According to AAA, the national average for the price of a gallon of gas is now down to $3.28. The price in August hit $3.87 a gallon.
cntraveler.com
22.11.2023 / 11:39
United Airlines Is Adding a Record-Breaking Number of Flights to Asia and the Pacific
Americans’ desire to visit the Asia-Pacific region has reached a high, and airlines are rushing to provide new routes that capture the rising interest.
breakingtravelnews.com
21.11.2023 / 13:17
WTM London 2023 sees attendance soar by 22%
World Travel Market London 2023 – the world’s most influential travel & tourism event – saw attendance numbers rise by more than a fifth year on year.
travelandleisure.com
20.11.2023 / 17:09
Storms Are Predicted Ahead of Thanksgiving — What to Know If You're Traveling
Millions are preparing to hit the road and take to the skies for Thanksgiving, but stormy weather is threatening to put a damper on travel plans.
skift.com
20.11.2023 / 16:53
U.S. Prepares for Record 30 Million Thanksgiving Air Travelers
U.S. authorities are taking a number of measures to ensure smooth flights for the record number of people set to take the skies this Thanksgiving.
travelweekly.com
20.11.2023 / 15:38
Neighborhood Tourism Soars as Travelers Seek a Local Sense of Place
A transformative trend to explore beyond well-trodden tourism areas and attractions in major urban destinations is gaining momentum, fueled by travelers of all generations who are seeking more experiences that are true to local culture.
travelandleisure.com
17.11.2023 / 14:54
The Leonids Meteor Shower Will Peak Tonight — Complete With a Predicted 15 Shooting Stars per Hour
It’s tough to beat the conditions for this weekend’s Leonid meteor shower peak.
thepointsguy.com
16.11.2023 / 19:21
Allegiant adds 12 new routes, 1 new airport with intro fares from $49 one-way
Allegiant is filling in its route map, adding 12 new routes and one new airport. The additions — which all start in May 2024 — will beef up the carrier's presence at 22 airports from Los Angeles to Newark.
euronews.com
14.11.2023 / 23:51
Untouched waters: The Saudi Arabian destination promising scuba fans unparalleled diving
Developers plan for the whole site to run on 100 per cent solar energy and send zero waste to landfill. They’re also capping the amount of visitors at one million a year.
travelpulse.com
14.11.2023 / 20:58
Frontier Airlines Establishes New Midwest Hub, Celebrates With $29 Promo Fares
Frontier Airlines is strengthening its existing service from a major Midwest city early next year. This week, the ultra-low-cost carrier revealed plans to establish a new crew base at Cleveland Hopkins International Airport (CLE) in March of 2024. To celebrate, it’s offering discounted fares, priced as low as $29, to the 17 destinations to which it now flies from CLE.
travelpulse.com
14.11.2023 / 20:58
Air Travel Complaints Soar Higher in 2023
The number of air travel complaints filed with the U.S. Transportation Department soared during the first quarter of 2023 through to May, 2023, according to newly published data by the department.