Ryanair flies high with record profits – and a big hike in fares
The IndependentThere are only three certainties in life: death, taxes and Ryanair ending up on top. Literally for the group’s shareholders, with the announcement of a regular payout for the first time, amounting to 25 per cent of the group’s post-tax profits going forward. Ryanair has previously relied upon buying back its shares to return cash to investors accompanied by irregular special dividends paid when the sun has been shining on the airline. Ryanair cited engine issues threatening to “substantially curtail competitor and lessor capacity” between 2024 and 2026 along with a “large backlog” of aircraft deliveries which would affect the situation in Europe for “the next three to four years”. Fewer airlines flying fewer planes coupled with the continued recovery in demand means higher fares and more profits for the likes of Ryanair.
History of this topic
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