Monday, November 7, 2011

Ryanair profits from higher revenues

Ryanair plane
Ryanair has reported a 23%  rise in second quarter profits, and said its full-year results will be better than previously expected.

The budget airline made a pre-tax profit of 463m euros ($637m; £398m) in the three months to 30 September, up from 378m euros a year earlier.
Ryanair said its annual profits would be 10% higher than its previous target.
It said it was continuing to see higher revenues per passenger offset high fuel costs.

Ryanair's chief financial officer Howard Millar, expanded on this point, saying: "So far we have not seen any impact from recession.

however, people knows that Ryanair is the cheapest fly company in euorpe, i personal think it  could be the only way that Ryanair is gathering more profits than before , while other companys are suffering from recession. ; because Ryanair is the cheapest and people are only afford it.

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