Good year for Ryanair by Zivka Deleva

Ryanair managers have reasons to scrub the hands! They have a very big reason to vaunt! The incomes have rose, the number of the passangers has been increased and the fuel costs fell. Comparing to last year, when the sum of the net loss was 169.2 million euros, this year, the company has earned 305.3 million euros. The number of the passengers increased for 14 percent, with 67 million travellers and the revenues grew two percent. That really is something! For the first time in 13 years of working, Ryanair paid the first dividend ever.   Big influence on the flying crisis was intensified by the Iceland volcano that erupted in April, when the European airspace was blocke! d for six days and about 100.000 flights were cancelled. The next month, another ash wave stopped the air traffic and left Ireland's airports empty. Due to the volcano ash, Ryanair lost £40 million. One of the biggest factors that influenced on the good working of this company, nevertheless is the dropping of the fuel cost.   "We can be proud of delivering a 200-percent increase in profits and traffic growth during a global recession -- when many of our competitors have announced losses or cutbacks, while more have gone bankrupt," said Chief Executive Michael O'Leary.  About 9.400 Ryanair flights were cancelled in the volcano crises.

by Zivka Deleva for Cantell TV (http://cantell.tv)

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