Profits tips

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.

India-based budget hotel operator and aggegator Oyo updated its draft red herring prospectus with results for the first half of the fiscal year signalling its intent to soon launch its initial public offering.

Australia’s Qantas Airways Ltd raised its first-half pre-tax profit outlook on Wednesday on strong travel demand, with limits on international capacity helping boost domestic tourism, sending its shares to more than a two-year high.

Spanish airport operator Aena’s first-half net profit more than doubled as passenger traffic returned to pre-pandemic levels and its revenues from retail sales rose.

Air New Zealand on Thursday signaled robust customer demand for financial year 2024, after posting a large annual profit helped by a rebound in travel and lower jet fuel prices, sending its shares up more than 3% in early trade.

Could Spirit, the airline everybody loves to hate, become a bit less hateful? If the company’s new CEO has his way, it will do just that.