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Aer Lingus

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Ryanair Forecasts 2014 Growth

Ryanair Holdings PLC posted a rise in both profit and revenue for the year and forecast further growth in 2014 as it continued to open new bases and routes and take market share from struggling rival European carriers."Ryanair believes that its unique low cost advantage will enable the airline to achieve a 20% share of the European short-haul market over the next five years, particularly given that many of Europe's high fare incumbents are restructuring and cutting capacity," Chief Executive Michael O'Leary said Monday.The airline, Europe's leading budget carrier by passenger numbers, said net profit for the year ended March 31 rose to EUR569.3 million ($730.8 million) from EUR560.4 million from a year earlier. Operating profit before exceptional items, the measure looked at most closely by analysts, rose 16% to EUR718.2 million on an 11% rise in revenue to EUR4.88 billion as Ryanair flew 79.3 million passengers in the period, up 4.6%. Ancillary revenue, or income from sales other than...

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  1. Ryanair Resumes Growth With Boeing Deal

    The head of Ryanair Holdings PLC (RYAAY, RYA.LN, RYA.DB) said Tuesday that the airline secured a new deal for Boeing Co. (BA) jets at around the same price as its la...

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    Deutsche Lufthansa AG (LHA.XE) became the latest airline to pass its woes on to its shareholders as it scrapped its dividend for 2012, underscoring the long-running ...

  5. Ryanair Submits Fresh Remedies to EU

    Ryanair Holdings PLC (RYA) has submitted yet another new package of concessions to European Union regulators in a last-ditch attempt to secure approval for its bid t...

  6. Ryanair Raises Forecasts

    Ryanair Holdings PLC (RYA.DB) on Monday raised its full-year forecasts after posting a 21% increase in third-quarter profit, more evidence of how Europe's discount a...

  7. Ryanair lifts profit forecast on resilient Northern Europe

    Ryanair hiked its full-year profit forecast on Monday as strong demand in Northern Europe lifted average fares dramatically in the last three months of 2012.Dublin-b...

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