Higher fares help Ryanair offset fuel costs

Average fares increased by 24% as airline to pay dividend to shareholders

passenger traffic grew 11% to 105.4 million with the airline achieving a 95% load factor. Pic: Larry Cummins

Ryanair reported a profit of €2.18bn for the first half of the year, a 59% increase on the same period last year, thanks to a strong Easter, record summer traffic and higher fares which offset significantly higher fuel costs in the half-year.

In the same period, passenger traffic grew 11% to 105.4 million with the airline achieving a 95% load factor. Revenues per passenger increased by 17% with average fares now up 24%.