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Ryanair profit rises despite cancelled flights

Air
Rob Gill
5 February 2018

Ryanair has shrugged off its pilot rostering crisis to record a rise in operating profits after reducing airfares to increase passenger numbers.

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The Dublin-based airline has had to cancel 20,000 flights due to the shortage of pilots since September. But this has not stopped Ryanair from increasing operating profit by 6% to €126 million for the final three months of 2017.

Revenue rose by 4% during the quarter to €1.4 billion as passenger numbers went up by 6% to 30.4 million helped by a 4% drop in average fares to €32 per customer. Ryanair was buoyed by a 12% increase in ancillary revenue to €440.7 million for the quarter.