Ryanair half year profits rise 32% to €795m

Ryanair released that half year 2014 net profit rose by 32% to €795m. Traffic grew 4% to 51.3m customers, ave. fares increased 5%, and total revenues rose by 9% to €3,537m. Unit costs fell by 2% (excluding fuel they rose by 3%). First half 2014 load factors jumped by 4% points to 89%, due to a stronger Easter period and the success of Ryanair’s “Always Getting Better” customer experience improvements. Based on these solid first half results, underpinned by strong forward bookings and rising load factors, Ryanair has significantly raised its winter capacity and traffic growth objectives. Traffic will grow by 12% in Q3 and by 20% in Q4.