Companies
Ryanair posts €170m profit in second quarter as passenger numbers recover
Easter bookings and fares, however, were badly damaged by the Russian invasion of Ukraine in February
Ryanair has reported profit after tax of €170 million for the three months to June 30 on the back of increased passenger demand.
This is a swing on the loss of €273 million in the corresponding period last year, but well below the €243 million profit reported in its financial year 2020 quarter one, which was pre-Covid.
Passenger traffic recovered strongly to 45.5 million in quarter one, from 8.1 million in the same period last ...
