Practical World True News Magazine

Practical World True News Magazine
all true news you need to wake up to yourself !

Practical World True News Magazine

#Business: Success Story : Ryanair reports big rise in profits

Ryanair reports big rise in profits.



Irish airline Ryanair has reported a big increase in full-year profits.


Net profit for the year to the end of March rose 66% to €867m (£614m; $948m), slightly ahead of analysts' expectations.

The airline's "Always Getting Better" customer experience programme had attracted "millions of new customers to Ryanair", chief executive Michael O'Leary said.

Falling oil prices also reduced operating costs.

"Our AGB programme is transforming our customer experience, our service, and the way we listen and respond to our customers," Mr O'Leary said.

"We have won substantial traffic and share gains in all markets."

Passenger traffic was up 11% to 90.6 million customers, while total revenue rose 12% to more than €5.6bn.

To cope with rising demand, Ryanair said it had ordered 183 Boeing 737-800 planes for delivery from 2014-18, and 200 Boeing 737 Max 200s from 2019-2023.

The new aircraft will be cheaper to finance and operate, with engines 18% more efficient than their predecessors, the company said.

Much of the growth in passenger numbers is being driven by its new Business Plus and Family Extra services, it added.
Share on Google Plus

About Pratica Radio

We play blues,country,jazz,lounge,rock,

Top Articles