Ryanair sees 1% profits increase, excluding €50m impact of volcanic ash cloud

Ryanair made a profit of €138m after tax in the first quarter of the year, up 1% on the same period last year, according to figures released to the stock exchange this morning.

Total revenues rose by 16% to €896.8m due to an 8% rise in traffic and a 5% increase in average fares, while fuel costs grew by 8%.

The figures exclude pre-tax exceptional costs of €50m from the volcanic ash airspace closures in April and May, the airline said.

More in this Section

Tesco to remove plastic wrapping on some multi-packsTesco to remove plastic wrapping on some multi-packs

GoMo customers face 'verification' issuesGoMo customers face 'verification' issues

UK's competition watchdog set to probe Takeaway’s £6bn Just Eat takeoverUK's competition watchdog set to probe Takeaway’s £6bn Just Eat takeover

At Davos, US and EU increase invective to clash over cars and digital taxesAt Davos, US and EU increase invective to clash over cars and digital taxes


Lifestyle

A calm chat with your child and listing the pros and cons can help you decide, Lisa Salmon discovers.Should I let my daughter get her ears pierced?

More From The Irish Examiner