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HomeLatest NewsRyanair leaves losses behind supported by the Spanish market and 'extra' income

Ryanair leaves losses behind supported by the Spanish market and ‘extra’ income

Date: March 1, 2024 Time: 07:02:24

The Irish low-cost airline Ryanair obtained a net profit of 1,428 million euros in its last fiscal year (until March 31), compared to losses of 355 million euros in the same period of the previous year.

The Dublin-based company highlighted today in a statement that its air traffic grew “strongly” in the year and increased 74%, to 168.6 million passengers, while it had a significant rebound in revenue thanks to significant advances in its three major markets: Italy, Spain and the United Kingdom.

In this context, Ryanair’s total billing increased 124% between the two periods, to 10,780 million euros, while ancillary revenues grew 78%, to 3,844 million euros, with an average cost per passenger of 23 euros in services such as priority boarding, consumption on board or seat reservation.

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Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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