Ryanair increases profit by 66 percent – FAZ – Frankfurter Allgemeine Zeitung
The Irish airline Ryanair has ended with a profit increase of 66 percent the previous fiscal year. As Ryanair announced in Dublin on Tuesday, the after-tax income increased in the fiscal year through March to 867 million euros. For the 2016 financial year are expected to 940-970 million euros, it said.
Ryanair had attracted in recent years, with modifications to the classical low cost model new Pasagiere and its own capacity in the winter to expand. The share price drove the figures on the stock exchange in Dublin so strong like in six months no longer. Ryanair had previously equal to five times raised the profit forecast for 2015.
The company uses a modified business model to customers of classic airlines such as Lufthansa and Air France-KLM. Ryanair boss Michael O’Leary has called repeatedly as a “land grab” in market shares and will now be the third year of the strategy revision more attractive to new customer groups. “We have taken a number of initiatives that arrive very clear well the customer,” said Chief Financial Officer Neil Sorahan in an interview with Bloomberg. He called a fixed seat assignment, more generous rules for hand luggage and better tailored to business flight times. All this has contributed to the growth in passenger numbers, Sorahan said. In the top of the Ryanair shares responded with a gain of more than 7 percent.
52 weeks high
52 weeks low
Ryanair plans to March 2016, the mark of 100 million passengers per year, reaching in the last fiscal year, an increase of eleven percent to 90.6 million passengers. Should be leased six additional aircraft over the summer. About half of the targeted passenger growth will come from major hubs like Brussels, Lisbon, Berlin and Rome, it was said of Ryanair.
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Ryanair increases profit by 66 percent
Europe’s budget airline Ryanair earned splendidly. The share rises to a new record level.
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