Irish airline Ryanair announced a net gain of 820 million euros on Monday in the first quarter of its financial year out of the ordinary, more than folded compared to the previous year, driven by prices for the increase in tickets.
The carrier, who had to reduce his prices the previous year to complete his planes, explains in a press release that his result during the three months completed at the end of June increases in “an increase in traffic by 4% to 58 million passengers and prices more than 21%.”
The prices of the first quarter “have greatly benefited from a favorable Easter holiday calendar, but also” last minute price a little higher than expected “explained the general director of the company Michael O’Leary, cited in the press release.
The company, which saw its operational income increased by 20% to 4.3 billion euros during the period, now expects a strong travel demand during the summer. But it warns that the increases in tariffs in the second quarter will be lower than those of the first. For its entire annual financial year, the first company in Europe in number of passengers estimates that it is on the right path to grow from 3% to 206 million people transported, but says it slows down for “significant delays in Boeing deliveries.”
Strikes, conflicts, uncertainties … clouds persist
However, the manager warns that this will depend on the risks linked “to commercial wars, macroeconomic clashes, climbing conflicts in the Middle East and Ukraine, smell of European air controllers.”
Ryanair had to cancel 500 flights in early July due to a French air controllers strike. The “low cost” Irish has repeatedly called the European Commission to “act urgently.”
British Easyjet airline, a Ryanair competitor, had already warned last week that “unexpected and significant costs” would weigh on their summer result due to this strike, encrypts the impact of 15 million pounds (17 million euros).
Source: BFM TV
