Dublin The low-cost airline Ryanair has made a quarterly profit for the first time since the beginning of the corona pandemic. After a loss of 225.5 million euros in the same period of the previous year, there was now a profit of 225 million euros for the months of July to September, as the Easyjet rival announced in Dublin on Monday.
In the past few weeks, customers have increasingly booked tickets. Management expects this dynamic to continue until Easter and summer of next year. In the second fiscal quarter (until the end of September), Ryanair earned almost € 1.8 billion, almost 70 percent more than in the same period.
However, Ryanair boss Michael O’Leary distanced himself from his previous forecast of a small annual loss or at best a result close to the zero line: The loss for the current financial year (until the end of March 2022) is now expected to be between 100 million and 200 million euros.
That depends mainly on the price development in winter. If necessary, the management wants to boost ticket sales itself by lowering prices. The number of passengers for the year should now be more than 100 million, after 90 to 100 million so far.
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Ryanair is considering withdrawing from the London Stock Exchange. In the wake of Brexit, the volume of shares traded fell significantly, it was said to justify. In December, the airline banned all non-EU citizens from buying common shares and canceled their voting rights.
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