Ryanair swings to 2023 profit, as revenue beats forecasts on 74% traffic jump
Ryanair Holdings said Monday that it swung to a net profit for fiscal 2023 with revenue beating consensus due to a 74% rise in traffic and higher ancillary revenue, and that it was optimistic it would deliver a modest on-year profit increase in fiscal 2024.
Ryanair said that although it expects traffic to grow to around 185 million in fiscal 2024, recent delivery delays from Boeing may push some of this into its lower-yielding second half, slightly reducing this target. Revenue was EUR10.78 billion, compared with EUR4.80 billion the year before. Ancillary revenue rose to EUR3.84 billion from EUR2.15 billion the year before. Fares for the period were up 10% on prepandemic levels, the company said.
The company said its load factor--a measure of how full a plane is--stood at 93%, compared with 82% the year before, and that traffic reached 168.6 million passengers, a 13% increase on the levels seen in fiscal 2020.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Prom 2023: John P. Stevens High School (100 photos)Subscribers get free photo downloads. Find all our prom coverage at nj.com/prom.
Leer más »
Prom 2023: Ewing High School (80 photos)Subscribers get free photo downloads. Find all our prom coverage at nj.com/prom.
Leer más »
Barbaric: Wrong Kind Of Righteous in Vault Comics August 2023 SolicitsICYMI: Barbaric: Wrong Kind Of Righteous in Vault Comics August 2023 Solicits barbaric vaultcomics MichaelMoreci richjohnston Nicholas_Eames
Leer más »
Prom 2023: Somerville High School (91 photos)Subscribers get free photo downloads. Find all our prom coverage at nj.com/prom.
Leer más »
Watch the CD East high school 2023 prom live stream recap: videoIn case you missed it, get a chance to rewatch PennLive's live stream from Friday night of the 2023 CD East school prom red carpet.
Leer más »
2023 Mercedes-Benz GLC 300 First Drive Review: New, but not improved2023 Mercedes-Benz GLC 300 small luxury SUV has been redesigned, and packs flashy features, but is a let-down with ride and controls.
Leer más »