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Ryanair hopeful of €2bn+ full-year profit following 'strongest summer ever'

Air
Ilaria Grasso Macola
6 November 2023

Ryanair is hopeful of posting a full-year profit after tax of more than €2 billion after its strongest summer ever.

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Ryanair expects to reach its target of 183.5 million passengers by March

The low-cost carrier on Monday (6 November) said it expected its full-year profit after tax for the year to the end of March 2024 would  range between €1.85 billion (£1.6 billion) and €2.05 billion (£1.77 billion), up from last year’s €1.43 billion. 

 

Overall, Ryanair’s half-year profit after tax amounted to €2.18 billion, a 59% increase on the same period a year earlier.

Ryanair put the uptick down to an 11% growth in passenger numbers to 105.4 million travellers during the six months to the end of September, as well as fares increasing by 24% to around €58 per passenger.