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Ryanair swings to €305.5 million fiscal-year profit

Ryanair reported net income of €305.5 million ($373.4 million) for its fiscal year ended March 31, reversed from a €169.2 million deficit in its prior fiscal year when results were affected negatively by€274.1 million in exceptional costs including a €222.5 million impairment resulting from its investment in Aer Lingus.

Ryanair reported net income of €305.5 million ($373.4 million) for its fiscal year ended March 31, reversed from a €169.2 million deficit in its prior fiscal year when results were affected negatively by€274.1 million in exceptional costs including a €222.5 million impairment resulting from its investment in Aer Lingus. In contrast to most other major airlines in Europe and for the first time since it went public in 1997, the airline revealed that it will pay out a ...

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