Ryanair says first-half profit and passenger numbers increased even as the budget airline scrambled to correct pilot scheduling errors that cancelled thousands of flights and triggered 25 million euros ($29 million) in compensation costs.
The Dublin-based carrier said Tuesday it handed out the compensation after some 700,000 customers were affected by the cancellations. Efforts to prevent a recurrence will add 45 million euros to pilot recruitment, training and compensation costs in the second half of the year.
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Nonetheless, net income rose 11 percent to 1.29 billion euros for the six-month period ended Sept. 30. Ryanair shares rose 5 percent to 16.60 euros in early trading.
Chief Executive Michael O'Leary says the results show Ryainair's strength "even during a period which suffered a material failure in our pilot rostering function."