Page 3 - Michaelo Leary News Today

Irish budget airline Ryanair blamed higher interest rates and low consumer confidence after finding demand was not as intense as anticipated in April, May and June.

The Ryanair CEO worries that consumer confidence might be lagging ahead of the crucial summer season, and he may have a point.

Irish no-frills carrier Ryanair on Monday said group net profit jumped a third to 1.92 billion euros in its financial year as higher demand and fares offset ballooning fuel costs.

The low-cost airline said it is to get "modest compensation" from Boeing for aircraft delivery delays.

Airline profits soar by 34% as passenger numbers rise 9%

Ryanair had a 25% leap in revenues to 13.44 billion euros.

Low cost Irish airline Ryanair has seen annual profits jump by more than a third as it reported that rises in air fares are easing.

From the evacuation that took 50 minutes to a sequence of mysterious emails, UN report finds many questions unanswered by the Belarus authorities, writes Simon Calder

Average air fares rose 21 per cent, the airline said

Ryanair is hopeful that delivery of its initial Boeing 737 Max 10s will take place on schedule in spring 2027, despite the intensified regulatory scrutiny which has pushed back certification.