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Ryanair sees 300% increase in...

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Ryanair sees 300% increase in profits

Jonathan Duane
Jonathan Duane

09:52 24 Jul 2023


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Ryanair has reported Quarter 1 profits of €663 million.

That's in comparison to profits of €170 million euro at the same time in 2022.

The budget airline company says a strong Easter period and the extra UK bank holiday for the King's Coronation helped strengthen revenue this year

Elsewhere, the war in Ukraine impacted last year's profits.

Customer traffic also increased by over 10% - bringing in a total of over 50 million passengers.

This comes just after the company unveiled it's $3 Billion Post War Ukraine Growth & Invest Plan to restart air travel to Ukraine.


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