Ryanair 1Q 2020 net profit down 21% on lower fares, higher costs

Credit: Rob Finlayson
Irish LCC Ryanair reported a net profit of €243 million ($382 million) in the first quarter of the 2020 financial year, down 21% from €309 million in the year-ago period, as average fares declined 6% and costs rose.“The current weak fare environment has continued into the second quarter and we...

Subscription Required

 

This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.

Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.

Already an AWIN subscriber? Login

 

Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.