If you thought last month’s report that British Airways was making £50 a second this year was a shocker, here’s what a super low-cost carrier can make: Ryanair has posted summer profits that amount to £120 a second.
Europe’s biggest budget airline, Ryanair clocked a 59 per cent rise in summer profits, with fares up an average 24 per cent between April and September. The carrier says its costs also went up 24%.Overall, the airline reported profits after tax rose from €1.37bn (£1.19bn) in 2022 to €2.18bn (£1.89bn) in 2023, an average of £120 per second.
Known for extracting endless small fees on top of very low fares, the airline ne carried record numbers of passenger over the summer and had fewer empty seats on its aircraft. in all, Ryanair carried 105.4 million passengers in the six summer months, an average rate of 400 per minute. The “load factor” rose by 1 per cent to 95 per cent, representing around 10 empty seats on the average aircraft.
