The Irish low-cost airline Ryanair has registered a net profit of 1,371 million euros in the first six months of its fiscal year -which ended on September 30-. The figure contrasts with the losses of 48 million obtained in the first six months of its previous fiscal year.
Thus, the company has managed to triple its revenue from the period of the previous year, reaching 6,620 million, although it also doubled its operating cost, to 4,980 million. Even so, it has managed to leave behind the red numbers thanks to the strong recovery in air traffic. In the first half of the year, the airline provided its services to 95.1 million passengers, compared to 39.1 million in the previous year, strongly marked by the restrictions of the pandemic.
Likewise, the group has highlighted that its airlines have obtained "sector-leading" operating results and that they have registered a "solid recovery in traffic after the pandemic". In fact, this summer the group's airlines operated at 115% of the capacity they had before the pandemic.
However, he has pointed out that their growth is being "hindered" by Boeing's "inability to meet its delivery schedule in the third quarter", despite having promised them that they would be a priority. In total, the company expected 73 'Gamechanger' planes for this year's traffic peak, but now estimates that it will only receive ten or twelve of the 21 it expected before Christmas.
On the other hand, Ryanair considers that inflation is not reducing the desire to travel, although now customers are more focused on prices, which is why it has expressed its hope of "growing strongly" in this recession and that many Europeans "spend to fly with Ryanair" for its lower prices. For now, it has anticipated that it will close the year with 168 million passengers, 13% more than before the pandemic.
Regarding the labor negotiations to avoid the strike of its personnel, Ryanair has indicated that it reached agreements with the majority of unions to reduce wages during the pandemic, but that, given the good results, it will restructure wages for day 1 of December, so he will pay the full salary for Christmas. In addition, he assures that his intention is to continue negotiating with the unions with which he has not yet reached an agreement.
