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Ryanair's profits drop amid Boeing strike delays
November 05, 2024
|The Guardian
Ryanair's profits have dropped by nearly a fifth, as lower peak-season fares met higher costs that the airline blamed partly on problems at Boeing.
Summer fares were down by an average 7% as Ryanair cut prices to keep its planes full, carrying 9% more passengers from April to September this year than last.
However, delays to delivery of its new Boeing 737 planes left the no-frills carrier "over-scheduled, over-crewed and over-costed", according to the chief executive, Michael O'Leary.
The airline reported profits of €1.8bn (£1.5bn) for the six months to the end of September, 18% lower than the same period the previous year.
هذه القصة من طبعة November 05, 2024 من The Guardian.
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