Ryanair swings back into profit
Page last updated at 6:39 GMT, Tuesday, 1 June 2010 7:39 UK
Ryanair has reported pre-tax profits of 341m euros (£289m; $419m) for
the year to March, bouncing back from its first annual loss this time
The Irish budget airline also said it planned to pay a one-off
dividend to shareholders totalling 500m euros - the first dividend it
Passenger numbers were up 14%% on last year, while revenue rose 2%%.
But the airline said disruption caused by volcanic ash, not covered in
the results, would cost about 50m euros.
Reporting the results, Ryanair said the airline had performed well
during difficult times for the airline industry as a whole.
"We can be proud of delivering a 200%% increase in profits and traffic
growth during a global recession when many of our competitors have
announced losses or cutbacks, while more have gone bankrupt," it said
in a statement.