Ryanair reported full year profits of EUR319 million after tax, an increase of 204% over last years EUR105 million profit. The airline also proposes to pay a one-off dividend of EUR500 million (EUR0.34 per share) in October, subject to shareholder approval at its September AGM.
Ryanair expects to grow traffic in FY11 by 11% to 73.5 million. Fuel costs will increase by EUR300 million. However, subject to no further air space closures and an early return to normal bookings, Ryanair expects airfares (which fell 13% last year) to rise by between 5% to 10% due to the positive impact of new routes and bases.Ryanair reported full year profits of EUR319 million after tax, an increase of 204% over last years EUR105 million profit. The airline also proposes to pay a one-off dividend of EUR500 million (EUR0.34 per share) in October, subject to shareholder approval at its September AGM.
Ryanair expects to grow traffic in FY11 by 11% to 73.5 million. Fuel costs will increase by EUR300 million. However, subject to no further air space closures and an early return to normal bookings, Ryanair expects airfares (which fell 13% last year) to rise by between 5% to 10% due to the positive impact of new routes and bases.
