Ryanair profit drop “reflects higher fuel costs”

Higher fuel costs helped drag down full year profits for budget airline Ryanair, said the aviation firm’s boss. For the first time in five years its profits after tax fell 8% despite getting more people on board its planes. Today it announced passenger numbers rose 3%, from 79.3 million to 81.7 million in the year […]

We’ll ground planes in winter to save fuel again – Ryanair

Budget airline Ryanair intends to ground some of its planes in winter again to save jet fuel, it said this week. After keeping 80 aircraft from flying over the winter months last year it plans to ground around 60 in the coming winter. The airline says fuel costs in the year running up to March […]

Ryanair profits slide on high fuel costs

Budget airline Ryanair is blaming a multi-million slide in profits on hugely increasing fuel costs. The Irish airline which operates 1,500 flights a day made €40million (£31m) less in the first quarter of 2012 than the same period a year ago, despite carrying more passengers. Michael O’Leary, Ryanair’s Chief Executive said today: “As we previously […]

Ryanair: Fuel costs will curb future profit

Ryanair’s boss says rising fuel costs mean it is unlikely the budget airline will see profits beyond expectations – and they’ll almost certainly drop next year. His comments come as Ryanair published its yearly figures with record profits up by a quarter to €503million (£407m), higher than expected. This was despite the low-cost airline’s fuel bill rising […]

Qantas in biofuel plant talks

Australian airline Qantas is said to be on the brink of signing a deal to build a biofuel plant in Australia to power its aircraft. Qantas is in talks with US-based company Solena, which is also in negotiations with easyJet, Ryanair and Aer Lingus about building a similar facility in Dublin. Solena last year clinched […]