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Ryanair H1 Profit Up 71%

Mon Nov 04, 2002 5:06 pm

Ryanair has posted a 71% increase in net profit to €150 900 000 / US$150 432 210. Revenue rose 35% to €464 400 000 / US$462 960 360. The figures were above market estimates.

Traffic rose 37% to 7 840 000 passengers and load factor went up 6% to 88%. Average fares had dropped by 2% and operating costs dropped 11%.

Meanwhile, they have also risen their profit expectations for FY02 by €30 000 000 to €230 000 000 / US$462 960 360.

More information at the Forbes / Reuters website

Information was gathered from the above hyperlinked webpage. Full information can be viewed by clicking the above hyperlink. Information was rephrased and none was copied and pasted. Currency conversion from €uropean €uros to US Dollars courtesy of The Currency Converter
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