The airline Ryanair in its second fiscal quarter because of a record in the passport of one leap in profits recorded. The Income grew in the period from July to September, by 8 per cent to 912 million euros, as Europe’s largest low-cost airline announced. Analysts had expected less. Ryanair now plans to buy back shares of up to EUR 550 million.
in Addition, to increase the number of passengers more than previously expected. Ryanair is now forecasting with more than 200 million passengers annually by the year 2024. Previously, the low-cost airline was assumed to be 180 million passengers per year. Last week, Ryanair unveiled plans to make March the Lufthansa on its home base Frankfurt am Main, with flights to Spain and Portugal in the competition.
The company with his increase in profit in the first half of the year, an “incredible development” in spite of the difficult market conditions, such as airport strikes, terrorism and Brexit-decision-making in the UK, lay down, said company chief Michael O’leary. The airline had to lower the middle of October due to the crash of the British pound after the Brexit vote its profit forecast for the year as a whole.
For the coming year, the Ryanair boss in the UK expects only a growth of five percent. The British government had because of the Brexit no idea what to do, he said the television station Bloomberg.