Ryanair 737-800. By Rob Finlayson Ireland-based low-cost carrier (LCC) Ryanair (FR) posted a €99 million ($121 million) net profit for the first quarter ended June 30, down 29% from €139 million year-over-year, largely due to a 27% rise in fuel costs. First-quarter revenue increased 11% to €1.3 billion compared to €1.2 billion for the same period a year ago. Fuel amounted to 47% of total operating costs, FR said. “Our 6% traffic growth combined with a 4% ...

Subscribe to Access this Entire Article

"Ryanair 1Q income drops 29% on fuel costs" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? Log in here.