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Ryanair makes record profits from 15% higher fares

CEO Michael O'Leary says appetite for travel is increasing, but airline cites uncertainty over Covid and Ukraine

Simon Calder
Travel Correspondent
Monday 07 November 2022 09:21 GMT
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Going places: Ryanair Boeing 737 at its main base, London Stansted airport
Going places: Ryanair Boeing 737 at its main base, London Stansted airport (Simon Calder)

Europe’s biggest budget airline made record profits over the summer – equivalent to almost £5,000 per minute – with passengers paying significantly more for peak-season flights.

Ryanair has reported half year profits of €1.37bn (£1.23bn) between April and September, up 19 per cent on the same spell in summer 2019 – the last before the coronavirus pandemic.

The figure works out at an average of almost £13 for each of the 95 million passengers carried.

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