aviation: Ryanair flies around 202 million euros in profit at the end of 2022



In the third quarter of the current million-dollar profit, the low-cost airline Ryanair included a profit of around 202 euros. This exceeded the forecast by around two million euros.

In the same period of the previous year, Mann was in the red with around 96 million euros. CEO Michael O’Leary said on Monday that he expects a surplus of between 1,325 and 1,425 billion euros for the current year, which ends at the end of March 2023. That would put the carrier back in the black.

During the reporting period, Ryanair Group had 38.4 million passengers on board. In comparison with the third quarter of the previous period it is assured by 24 percent. Increased average yields meant that sales increased by 57 percent to 2.3 billion euros. According to company information, 14 percent more than before the corona pandemic could be taken over.

Michael O’Leary estimates that it will have carried around 168 million passengers by the end of the current service. All announcements are subject to the proviso that business is not negatively impacted by external factors.

The article Ryanair made a profit of around 202 million euros at the end of 2022 appeared first on Aviation.Direct.

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