Ryanair Half Year Profit Falls 47% To €215m

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White Cap
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Ryanair Half Year Profit Falls 47% To €215m

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Ryanair News
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News Release
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03.11.08

RYANAIR HALF YEAR PROFIT FALLS 47% TO €215m

FUEL UP 101% AS TRAFFIC GROWS 19% TO 32m.

Ryanair, Europe’s largest low fares airline, today (3 Nov) announced half year profits of €215m, 47% down on last years interim profits as half year fuel costs more than doubled from €392.7m to €788.5m. Traffic grew by 19% to 32m, as average fares (incl. bag charges) fell by 4% to €47, while total revenues grew by 16% to €1.8bn. Unit costs excluding fuel fell by 6%, (incl. fuel they rose 21%), despite a 2% increase in average sector length.

( To see all of press release click on: - http://www.ryanair.com/site/EN/news.php ... view=email )
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