Analyst raises concerns over Ryanair performance
A Manchester analyst has warned that Ryanair might have to act to bolster its balance sheet after first quarter profits after tax slumped by 20%.
The carrier, which flies 57 routes from Manchester Airport and 35 from Liverpool John Lennon Airport, today reported a 9% increase in revenues in the three months period to June 30, of £1.85bn, although profit after tax fell from £354m to £284.5m, despite an increase in passenger numbers by 7% to 37.6 million.
Ryanair blamed this on overcapacity in Europe, the earlier timing of East... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
