London, Jan 30 (AFP\/APP): Irish no-frills airline Ryanair said Monday that it rebounded into net profit in the third quarter of its financial year, buoyed by strong demand over the festive period.<\/p>\n
Ryanair logged a profit after taxation of 211 million euros ($229 million) for the three months to the end of December after a net loss of 96 million euros a year earlier.<\/p>\n
Passenger numbers soared by almost a quarter to 38.4 million passengers.
\nThe Dublin-based carrier enjoyed “strong Christmas\/New Year traffic” in the reporting period, it added in a results statement.<\/p>\n
The news comes after British budget rival EasyJet last week hiked its annual profit forecast after record demand, as its customers also prioritised holidays and shrugged off the cost-of-living crisis.<\/p>\n
Yet it also follows the weekend collapse of regional British airline Flybe, which on Saturday filed for bankruptcy for the second time in three years.<\/p>\n
Both EasyJet and Ryanair have urged Flybe staff to apply for roles at the two budget carriers.<\/p>\n","protected":false},"excerpt":{"rendered":"
London, Jan 30 (AFP\/APP): Irish no-frills airline Ryanair said Monday that it rebounded into net profit in the third quarter of its financial year, buoyed by strong demand over the festive period. Ryanair logged a profit after taxation of 211 million euros ($229 million) for […]<\/p>\n
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