Ryanair reported an after-tax profit of €2.54 billion for the first half of its fiscal year, a 42% rise over the same period the previous year. The number exceeded analysts' projections, indicating a high level of demand for air travel throughout Europe.
Rising passenger numbers and a 13% increase in average ticket prices during the half-year compared to the prior year were cited by the airline as the reasons for its growth. Ryanair was able to increase capacity and cut expenses as a result of increased profitability brought about by operational effectiveness and the early delivery of new Boeing aircraft.
Ryanair’s strong results made the airline raise its full-year passenger forecast to 207 million, up from the earlier target of 206 million. They said that more passengers and higher ticket prices will help offset last year’s lower fares and support steady revenue growth.
Executives at Ryanair are upbeat about the rest of the fiscal year, with a goal of consistent net profit increase through March 2026 while continuing to improve operational effectiveness and broaden route networks throughout Europe. In order to draw in more passengers and maintain high load factors on its flights, the firm also emphasized how important it is to maintain competitive pricing.
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