Ryanair Publishes Financial Report

According to Ryanair’s financial report covering its 2019 fiscal year, the company posted a $1.14 billion USD profit. Its revenue grew by 6% to about $8.45 billion USD. The report attributed this increase to much stronger ancillary sales.

More than 139 million travelers flew with Ryanair in the time period, pushing its load factors to 96%. The fleet of the Dublin-based low-cost carrier grew to 474 narrowbody aircraft. It launched over 400 new routes and opened nine bases throughout Europe.

Looking forward, the airline is careful to set realistic expectations in light of the probable rise in fuel costs, which could jump in excess of $510 million USD. Furthermore, delays in the delivery timeline for its initial fleet of five Boeing 737 MAX aircraft will hamper its operations.

Source: Aviator