1 November 2010
Ryanair announced a 17% increase in half-year (to 30 September 2010) profit to £395 million (€452 million). Revenues rose 23% to £1.9 billion (€2.2 billion) as traffic grew by 10% to 40.1 million passengers and average fares rose by 12%.
The airline said its outlook for the remainder of the fiscal year remains cautious, as there is little visibility on quarter four (Q4) yields. Based on quarter three (Q3) forward bookings the airline anticipates that winter yields will be slightly better than previously forecast, so it is expected the full year yield increase to be at the upper end of the plus 5% to 10% range previously guided. Given these winter yield forecasts, it is now believed that full year net profit will exceed the upper end of the previous forecast range, £305 million to £328 (€350 million to €375 million) and will now finish (subject to Q4 yields) within a range of £332 million to £350 million (€380 million to €400 million).
http://www.ryanair.com/en/news/ryanair-half-year-profits-rise-17-percent-to-452m-euro
http://www.uk-airport-news.info/stansted-airport-news-011110.html