03-Nov-2009 1:09 PM
Ryanair announce 2QFY2010 financial results
Direct News Source
Ryanair, Europe's largest low fares airline today (2nd Nov) announced an 80% increase in half year net profits to €387m. Revenues fell by 2% to €1.8bn, as a 17% decline in average fares was largely offset by a 15% growth in traffic. Unit costs fell 27% due to lower fuel prices (excluding fuel, unit costs fell 5%) and rigorous cost discipline.
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