Ryanair profit takes off

No frills airline Ryanair posted a 10 per cent hike in half year profit after an increase in passenger numbers and fares.

No frills airline Ryanair posted a 10 per cent hike in half year profit after an increase in passenger numbers and fares.

Net profit rose to €596m for the six months to September 30th compared to €544m a year earlier as revenues increased 15% to €3.11bn. The airline reported record half year trafffic numbers as average fares rose 6%.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.