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 ...

Subscribe to Access this Entire Article

"Ryanair posts €375 million fiscal-year profit; may ground 80 aircraft " is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.