Fragile recovery dependent on no further fallout from Ukraine war or revival of lockdowns, says Ryanair
New York in June … could be expensive for European holidaymakers thanks to the strong dollar. File photograph: Getty ImagesAs of this week, both Ryanair and Aer Lingus looked poised to earn profits in their respective financial years, hopefully marking the end of Government pandemic curbs on travel.
This week Ryanair reported that it earned a record €1.37 billion profit in the first half of its financial year, which ended on September 30th, so included the summer. That leaves it likely to earn a surplus of between €1 billion and €1.2 billion over the 12 months to March 31st, said chief executive Michael O’Leary.
However, he stressed that this depended on no further fallout from the Ukraine war or no revival of lockdowns, similar to those imposed last Christmas following the arrival of Covid’s omicron variant. Either or both could upend a recovery that Ryanair consistently calls “fragile”. Ryanair published its figures 10 days after Aer Lingus, announcing results in tandem with parent International Consolidated Airlines’ Group, said it earned €139 million operating profit in the three months ended September 30th. As there are just weeks to go to the carrier’s year-end, December 31st, that leaves less time for anything to go wrong.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ryanair double booking of seats 'is very rare' - Eoghan CorryA young boy is said to have been left in tears when a passenger refused to move seats, after Ryanair double booked it.
Read more »
Ryanair travellers flying this week warned about €55 fee for 'no go period'Some travellers will have to check in in advance, as if they have to check in at the airport less than two hours before they flight they will have to pay a €55 fee
Read more »
Tourism Ireland chief predicts recovery for sector in 2023Positive outlook despite ‘strong headwinds’ such as economy and Ukraine war
Read more »
Dublin Marathon signs new partnership to boost profile | NewstalkThe Irish Life Dublin Marathon has signed a new partnership deal with sports travel operator, Spo...
Read more »
Number of Irish millionaires surges by 12%The number of Irish millionaires has surged by 12% because of the booming property market.
Read more »