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Tue 06 Jun 2008Ryanair full-year profits rise 20%
Ryanair plans to ground up to 10 per cent of its aircraft this winter and said it would break even in 2009 if oil prices remain at $130 a barrel as it unveiled a 20 per cent rise in adjusted profits after tax to €480.9 million.
Ryanair said it would take up to 20 aircraft temporarily out of service mainly at Stansted and Dublin, where it said high airport charges make it more profitable to ground aircraft rather than fly them through the winter.
It said the outlook for the coming fiscal year to March 2009 remains entirely dependent on fares and fuel prices.
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