Ryanair raises profits as passengers growth
February 2, 2010 by admin · Leave a Comment
Low-cost airline Ryanair has raised its full-year profit as the number of passengers continues to rise.
He said that it expects full year net profit of 275 million euros, because Ask a 10.9 million euro ($ 15.3 million, EUR 9.5 million) loss for the period October to December reported.
The loss was much narrower than the 101.5m-euro deficit recorded during the same period in 2008.
Ryanair, the result was represented by a 37% drop in fuel costs, which had offset a 12% cut in rates has helped.
But although the number of passengers by 14%, spending on equipment by Ryanair – such as increased payments for checks in his luggage – rose by almost 6%.
Ryanair boss Michael O’Leary said the slower growth in what the airline was known as “accessories” with “changes in consumer behavior.”
The institution of the new profit forecast compared with its previous estimate of the “lower end of the range from 220 to 300 euros,” Ryanair said.
However, despite the higher forecast, the airline warned that market conditions remained difficult.
Nevertheless, the Irish airline, established it would still have to get market share from competitors, and expects that they particularly well in Italy, not Scandinavia, Spain and the United Kingdom.
The company has been criticized for charging fees for a number of extras on its basic ticket price.
Last month, the Office of Fair Trading budget Ryanair accused of being “childish and puerile to avoid” over its payment policy, with customers only if they pay fees for the tickets online if they use a MasterCard prepaid card.
In an interview with the BBC, “said Ryanair Chief Operating Officer Michael Cawley, such criticism was not a problem for the company if it is expanding so fast.
He said it was the fastest-growing airline in Europe – and one of only two in the region, which was about all.
Mr Cawley added that the fact that the number of passengers had increased in the third quarter – and it was hoped further seven million people to fly it at its next full year – speak for themselves.
