Ryanair has seen profits fall by 29 per cent, to €1.02 billion, for the year to March 31st as the price of seats fell and the cost of fuel rose. The low-cost carrier said worse could be to come this summer as over capacity in Europe pushes carriers to cut prices further.
Ryanair Sun, a standalone business unit of the Ryanair Group, obtained its Polish certificate at the beginning of 2018 and started operating for Polish tour-operators in summer last year.
Ryanair has reported a net loss of €20 million for the third quarter of financial 2018. Strong traffic growth of eight per cent at the low-cost carrier was offset by a six per cent fall in average fares.
Laudamotion has confirmed that Ryanair has completed the purchase of a 100 per cent shareholding in the company. The Austrian airline now becomes a subsidiary of Ryanair Holdings, the group that owns Europe’s largest carrier.
Ryanair has lowered its full-year profit guidance blaming the falling prices of fares. The low-cost carrier said it now expects to report profits of €1-€1.1 billion for the full year, down from the €1.1-€1.2 billion it had earlier suggested.
Ryanair has become the first airline to land at the new Región de Murcia International Airport, which was officially opened by his majesty King Felipe VI of Spain.
Low-cost carrier Ryanair has revealed it will close its Holidays division just two years after a significant overhaul. According to a message on its website, all existing trips will be honoured, but it is no longer possible to book package tours.
In the consumer champion’s annual short-haul airline survey, passengers gave the budget carrier the lowest possible rating for boarding, seat comfort, food and drink, and cabin environment.
Ryanair’s Manchester schedule this summer includes 63 routes in total with eight new routes. These include departures to Bordeaux, Gothenburg, Kyiv, Marrakech, Marseille, Nantes and Thessaloniki.
Ryanair has announced three new routes from London Stansted, to Kalamata in Greece, Rodez in France and the Spanish destination of Vigo.