Ryanair
reports strong H1 profits of €2.18 billion due to record summer traffic,
declares €400 million dividend
By
6 November 2023
Ryanair
Holdings announced robust half-year profits of €2.18 billion, driven by strong
Easter performance in Q1, record summer traffic, and higher fares offsetting
increased fuel costs.
Key highlights
included an 11% growth in traffic, substantial revenue growth, and cost
management. The company is emphasising environmental efficiency, aims to expand
its fleet, and is committed to job creation.
A dividend policy of
€400 million was declared, and the company’s outlook remains positive,
targeting approximately 183.5 million passengers for FY24 with some challenges
in fuel costs and limited Q4 visibility.
The estimated
full-year profit for FY24 is in the range of €1.85 billion to €2.05 billion.
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