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RYANAIR HAS REVEALED a full year profit after tax of €569 million, up 13 per cent on last year.
Revenue rose by 13 per cent to €4.88 billion to the end of March 2013.
Passenger numbers were also up by five per cent to 79.3 million, which the low-cost carrier said helped lead to the profit increase.
The airline reported the profits despite higher oil costs, up by 8 per cent, and an increase in fuel unit costs which rose by 3 per cent, while the average fare improved by 6 per cent. Fuel now represents a 45 per cent of the companies total costs.
Seven new bases were opened by the carrier last year – Chania in Greece, Eindhoven and Maastricht in the Netherlands, Fez in Morocco, Krakow in Poland, Marrakech in Morocco and Zadar in Croatia.
It also started to travel to 217 new routes to now give a total of over 1,600 routes and has a total fleet of 305 after buying 15 new aircrafts last year.
Ryanair’s Michael O’Leary welcomed the profit announcement but said they were disappointed that the European Commission in February 2013 decided to prohibit Ryanair’s third offer for Aer Lingus.
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It’s great to see an Irish company do so well in the great recession. Keep it up.
Put him down all you want but remember Ryanair is headquartered in Dublin and pays full cooperation tax here unlike a lot of companies that skate off to their lovely tax havens.
Really? Have you checked where his aircraft are registered?
All ryanair aircraft are EI regs. Whats your point?
Mike – almost all Ryanair planes are registered in Ireland. Even in the past very few were registered outside of Ireland. A few in the UK. The average age an aircraft in the Ryanair fleet is 4.3 years.
http://www.planespotters.net/Airline/Ryanair
Full list of current Ryanair aircraft all with EI registration……..tit
Was it DVN that was the Dreamliner Colin?
Can’t see her on the list. Is she out of service already??
Dreamliner themed*
Just scrolled up to that lovely photo topping the article. My eyes aren’t the best but even I can see the registration letters EI and the Irish tricolour.
Not too keen on the “bag Nazis” who check suspect oversize bags or the scratchcard selling but cheapness and efficiency are a selling point with me. As regards safety, they seem to have a good record. It’s great to see an Irish company doing so well. A touch of the green-eyed monster in some comments perhaps?
Colin you must be confused. Ireland is very much a tax haven. The 12.5% is just a sign on the door to let the vultures know that it is in fact a tax haven. For example, Google famously paid €15.3m in corporation taxes despite bringing in €10.1bn – I dont have the exact figures but I heard this was the equivalent of a person earning ~€40k/y paying ~€60 tax.
You are incorrect with those figures Jim. Are you referring to the UK issue of google and not Ireland? The corporation tax is the best business decision Ireland ever made! As an Irish man working for an American multinational tech company i would not have job. They would line up in their droves and leave Ireland and its 50k staff behind!
Incorrect, its nearly 100000.
Got to admire this man’s ability!
What?
This man’s ability to ruthlessly exploit his workforce (as we’ve heard recently from cabin staff & pilots) taking full advantage of the desperation of mass unemployment.
By all accounts Ryanair also seems to skate the thinnest of possible lines around the safety regulations too.
Of course another part of these profits is also the fact that once he’s got a big pile of the limited availability routes/destinations sewn up, the fairs can be hiked as well, which is what we’re seeing.
Mike – can you support your theory about the safety regulations?
They seem safe flight wise Mike but you right about fares. When they achieve a monopoly on a route fares rise sharply. They are a private company and all about profit, long term consumers will suffer
Its so much better to be a loss making union controlled state company bailed out by the taxpayers then.
Mike it’s quite evident about your complete lack of knowledge on this topic that you’re talking through your backside.
Substantiate your claims or pi$$ off.
If Ryanair care so little about safety why did the place one of the biggest ever aircraft orders with Boeing this year ?????? A New fleet equals safer more modern planes
Well you have got to hand it to them in fairness. Especially nowadays when everything else is going belly up. I’ve never had a problem with them in any shape or form once you play by the rules your grand .. Good on them
I’m going on a non Ryanair flight tomorrow with a CHECKED IN BAG, I have no idea what I’m doing! I’m a Ryanair child…
Tara, get ready for a horrible experience and defo bring your laser card you’ll be needing it.
And be prepared for a two hr bus drive to the city your going, that’s the Ryanair way.
It’s a NON Ryanair flight as in I only ever fly Ryanair with hand luggage!!!
D’oh
Bull,as a very happy regular traveler with Ryanair Cork/ Stanstead to Chelmsford in Essex ,they are on time every time,and the fares arent bad either.
You jumped on that band wagon there john so quickly you didn’t even see where it was going….
This can’t be true….
How could a company be run this profitably and sustainably without the valuable contribution of siptu and other unions?
You couldn’t make a go of any business without a contribution from jack o Connor
Ah yes, no union allowed staff employed by an agency. Easily sacked, no job security of employment. Pay for own training, no guarantee of a/l. Beautiful employer.
Working with ryanair is like doing business with them, if you don’t like the stated charges/conditions choose someone else…..don’t choose to have a business relationship with them and then feel hard done by. Unless you like bitching and blaming others for your choices…
At the rate they are going Ryanair will soon be lending to the country instead of the IMF,imagine what OLeary could do for the country,but unfortunatly his no nonsence straight talk that is so badly needed would be a step too far for this country.
Lol you spanner, Ryanair care about their rich shareholders get real ffs
I imagine Richards point is if oleary ran the country his shareholders would be us , its citizens. So you agreed with him …. You wrench … ;)
What has everyone got against O Leary?? a great buisnesman and marketing genuis plus does great work in horse racing industry plus pays all his taxes in Ireland People like him should be running our contry
There seems to be some sort of witch hunt every time there’s a Ryanair story on the journal, everything from questioning the safety practices (they’re subject to the same stringent safety rules as every other major airline in Europe) to the welfare and well being of the cabin staff and flight crew, I have never known them to be anything but friendly and courteous, yes the bugle is annoying but I can live with it. We should be celebrating the success story rather than doing the atypical begrudging Irish thing. Treat every flight like a bus journey, stick to the rules and you can’t go wrong.
Dont understand people complaining for example the boarding pass reprint fee.. its clearly in t&c that you need to print it yourself, you receive notifications via email before departure etc.. Also in the boarding pass it clearly states that only one handbaggage etc, but still i see every time i fly people with 2-3 handbags, and then they are getting angry to the staff when they need to pay extra or do other arrangements.. This is ofcourse not any excuse for rude staff and if they overcharge you without measuring the handbaggage etc. I have used Ryanair many many years, and havent had any trouble with them (so far,knock knock). In the upcoming days im flying to Stockholm Skavsta, return flights for 60 eur + the busstransfer (1hr 20min) to Stockholm City around 20 eur return. No other airline can beat that..
I just heard feckin bugles in my head.
Is that a phone card in your hand?
No wonder profits are up, Ryanair stole 70 euro from me for a 1 page photocopy. Staff are treated horrible as well.
That’s your own fault mate, I you have everything done as you should there are no additional charge
John you’re confusing charge with steal.It’s in the T&C’s you will be charged if you present without a boarding pass.
Ye, plus we’ve all heard of this happening to at least one person at this stage. Print your boarding pass at home, failing that do it at the airport yourself!! You can pay €2-€3 or something like that, for the public PC’s.
I don’t know, love him or hate him Michael O’Leary is a smart man. Personally I can’t stand him but admire his common sense and business acumen. An airline won’t make any profit if people don’t fly and people don’t fly if planes crash. I doubt safely and maintenance wouldn’t be one of his main priorities.
Ah Liz,not only does Ryan air have young planes daft checks are the main priority.it’s practice may annoy you but I can travel quite happily.just follow the rules.
?? I don’t know what daft checks are, actually I don’t understand your comment. Are you saying they are above board because that’s what I’m saying. Actually my comment was a reply to someone else’s, that seems to have been removed suggesting the profits came from dodgy safety.
Ment to be safety checks.its Monday morning Liz,are we still annoyed about the song contest? deep breath and put it behind you.
Yes and I’m agreeing with you! What? Read my comment again, I’m saying they DO put safety as a priority! Arraghh, I don’t know, I know its Monday and I know I used a double negative but I said i “doubt” they “wouldn’t” put safety as a priority. Maybe I’m going nuts but I’m pretty sure that’s what you’re saying too. So where’s the argument?
I fly with Ryanair, it’s cheap and cheerful and i’ve never had a bad experience. you could easily add 1000 euros to the price of flights for a family of 5 flying with air France, air lingus, swiss air and many more.
Not true.
My family of 5 fly to Spain every year. Same location. We always compare. Ryanair same as AL repeatedly. So I choose AL, because we enjoy being treated like humans.
Delighted to see the amount of comments here supporting Ryanair for a change. I’m sick of people complaining about being overcharged for their own stupid mistakes. I fly with Ryanair whenever possible and never have a complaint. If you don’t like them there’s plenty of other airlines to choose from.
Booked to go to Liverpool in a few weeks cost me 53euro return, O’Leary’s a genius
And now he’s flying from Dublin into the lovely city of Maastricht, close to where my in-laws live.. Handy for them & handy for us.. I always found Ryanair good.. Fair play Michael ! Long may it last!! Only sorry he isn’t flying from Shannon anymore..
Profits up no surprise. The fortune Ryanair make from so called overweight bags (over 15kg). Weight your bag at home before you head off or at the hotel before you depart and under 15kg but put it on the Ryanair baggage belt and it mysteriously now weighs 16 or 17kg. They charge €10 for every kilo over. Two kilos is €20. The 15kilo bag in the first instance is €30. Nice profits eh !!!
What 28 red thumbs and only 10 green thumbs. Are they 28 red thumbs against me or against Ryanair. I can’t believe that this didn’t get hundreds of green thumbs supporting my comment. I see the frustration it causes families going on and returning from holidays.
Obey the rules and you will have no extra charges!
O’Leary is a genius- operates a good company!
Go on o’Leary you legend . Don’t you just love him . I think I’ll be buying a few more shares .
You don’t have share yi sap.
Thanks be to the good Lord that Ryanair made a few euro. At least I can rest easy that I will not have to carry coins for the toilets on board their aircraft. What? They are introducing a pilot fee and an engine fee and a landing gear fee!
I both love & hate Ryanair. I hate they way they treat people but yes, everything is by the book (the book being their T&C’s), so if you play by their rules it’s grand.
Fair play to them.
Great more money to pump into national hunt racing!
I really dislike Ryanair from 2 very bad flying experiences in the past. They have the worst gate locations in most airports because they are cheap. If you are not fussy and really want to save a penny then i understand why people fly Ryanair. Aerlingus might not be as profitable but my god they are much nicer to fly with. At the end of the day it’s people’s choice
While stupid travellers continue to pay all the charges imposed by Ryanair their profits will soar. God help us if they ever get control of any Irish airports .wHAT WITH THE PISS AND SHIT CHARGES WHERE WILL IT END?
Average profit of €7.20 per passenger… Those theivin evil corporate bastards eh…
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