The Trader 

Market Outlook: A nicer Ryanair

The Trader

Profits at ‘sweary’ O’Leary’s Ryanair were up by 10 per cent last year to a record €1.45 billion.  This despite 20,000 flight cancellations because of a pilots’ strike at Europe’s largest low-cost carrier.  Describing them as ‘guests’ rather than passengers, the average ratio of bums on seats was a staggering 95 per cent.  Despite all of the above they expect a dip in profits this coming year, and an increase in passenger numbers, because staff costs will rise by 9 per cent.

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