Tuesday, 26 July 2011
Budget super brand Ryanair have reported steady performance in the months of April, May and June despite a 29% rise in revenue in these months.
The figures have shown an 11% year-on-year increase in average fare prices and an 18% rise in passenger numbers. The reason the increase in numbers has not resulted in huge profits is down to the cost of fuel which has increased by 49% during this period. However, there is no need to feel sorry for the airline as quarterly profits stand at €139 million and revenue of €1.155bn. Michael O'Leary also feels that passenger numbers are down by 1.5m due to the Icelandic volcanic erupts.
Ryanair are to trial reserved seating on the airline to test if the service is to be implemented across the airlines catchment over the winter months.
Posted by Tom Warsop at 19:11