Ryanair Online Activities Help Profits.

Ryanair has attributed the half-year pre-tax profits of EUR 88 million (GBP 54.2m), announced yesterday, to sales via their web site, now accounting for 92% of the carriers business.
Income generated from ancillary services offered on the web site, such as car hire, hotels, financial services and insurance, grew to EUR 4.9 million (GBP 3m).

Passenger numbers for the airline grew by 37% to 5.3 million passengers, a 1.4 million increase compared to the same period last year. “Ryanair is continuing to grow at a faster rate than them (other European low-cost airlines) and both our profits and our margins continue to rise, even in extremely adverse market conditions,” said Michael O`Leary, chief executive of Ryanair.

Caroline Green CEO Ryan Air Direct will be a featured speaker at the EyeforTravel eBusiness Travel Conference at Olympia, London on 5th and 6th February 2002.