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Ryanair profits up 40% after tax for the full financial year.
Published 5 months, 3 weeks ago
Description
Europe’s biggest airline which has just published its results for the full financial year. Profits after tax came in as up 40% to €2.26bn. The results encompassed only 1 month of the Iran war. It comes as airlines have had to cancel flights or issue fuel surcharges since the Iran war.
The airline has said that it has hedged 80% of its aviation fuel for the current financial year at $668 per metric tonne of fuel.
Joe Lynam was joined by CFO from the Ryanair group, Neil Sorahan.