Ryanair reported a net profit of €374.6 million ($530 million) for its fiscal year ended March 31, up 23% from €305.3 million earned in the prior fiscal year.
Ryanair 737-800. Photo: Courtesy, Boeing. Ryanair reported a net profit of €374.6 million ($530 million) for its fiscal year ended March 31, up 23% from €305.3 million earned in the prior fiscal year. Despite the profit increase, it warned that up to 80 aircraft could be grounded next winter to counter surging fuel prices and limit losses to protect full-year profitability. It parked 40 aircraft in winter 2010-11. “Higher oil prices next winter, and the refusal of ...
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