2 Nov 2010

Half-year profits rise at Ryanair

11:50 am on 2 November 2010

Half-year profits at Ryanair have risen 15% due to a big increase in passenger numbers.

The Irish carrier made a pre-tax profit of 482.50 million euros ($US674 million) in the six months to 30 September, up from 419.40 million euros a year earlier.

Passenger numbers for the six months totalled 40.1 million, a 10% increase on last year. Revenues were up 23% to 2.2 billion euros.

Costs for the six months increased by 13%, or 4% excluding fuel. Its fuel bill rose by 44% to 660m euros.

Ticket prices rose by an average 12%.

Ryanair also said that it had overtaken Iberia to become the largest airline - by passenger numbers - operating from Spanish airports.