Europe’s biggest budget airline has ‘utmost confidence’ in Boeing 737 Max
Ryanair’s air fares fell by 6 per cent in the year to March 2019, leading to a slump of 29 per cent in the airline’s profits.
With full-year profits of over €1bn (£880m), Europe’s biggest budget airline remains in far better shape than many of its rivals.
Passenger numbers grew by 7 per cent to 139 million, representing a profit per passenger of £6.33.
Non-fuel costs rose by 5 per cent, largely due to an increase in salaries – particularly for pilots.
In addition, the airline says that disruption caused by air-traffic control staff shortages cost it €50m (£44m).
By Simon Calder.
Full story at Independent.
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