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Ryanair: Quarterly profit decreases

First complicated quarter for Ryanair. The low-cost airline saw its quarterly profit (April-June 2019/2020) fall by 21% to 243 million euros, due to lower prices for airline tickets, high cost of kerosene and progress staff costs.

Despite an increase of 11% in the number of passengers transported to 42 million passengers, the low-cost shows decreasing earnings due in particular to a 150 million increase in the kerosene bill, and this, in a context marked by the rise in oil prices and the increase in the number of flights.

Turnover increased by 11% to 2.31 billion euros, but the company also suffered of a 6% decrease in average ticket prices, due to strong competition in the region of short-haul in Europe. For the full year 2019/2020, Ryanair expects a slight decrease in its net profit, which should oscillate between 750 and 950 million euros.

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