Ryanair has posted a 55% rise in first quarter profit to €397m. This result is distorted by the timing of Easter in the first quarter, with no holiday period in the prior year comparative. Traffic grew 12% to 35m as Ryanair’s lower fares and “Always Getting Better” (AGB) programme delivered a record 96% load factor. Ryanair took delivery of 14 new B737’s in the first quarter, ahead of the peak summer period.
In June the airline has ordered 10 more B737-MAX-200 “Game Changer” aircraft. Five of these will be delivered in spring 2019 and 5 more in spring 2020. In addition, Ryanair agreed extensions of 10 operating leases.
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[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada