Ryanair in celebratory give-away

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RYANAIR IN CELEBRATORY GIVE-AWAY

POPULAR low-cost airline Ryanair has celebrated its excellent first quarter sales figures with an offer of 500,000 highly reduced tickets.  However, there was only a short window of opportunity to register interest which has now passed and also limited the period of travel to between September 2017 and January 2018.   Some of the flights on offer were from as little as €14.99 and unlike the fake promotion that allegedly celebrated their 35th anniversary last year, was completely genuine.

Dublin, Edinburgh and London are just a few European destinations where Ryanair flies to from Spain and local airports San Javier and Alicante-Elche are among the busiest.  The latter is home to one of the company’s bases.

The give-away has been as a result of a net profit of €397m in the first financial quarter which ended on June 30. This is 55% more than the similar period in 2016 when it registered €256m.  In the same three-month period from April to June, the Irish airline increased its overall revenue by 13% to €1.910bn compared to €1.687bn last year.

Chief Executive Officer of Ryanair, Michael O’Leary celebrated the increase in this quarter’s profit but warned that the figures had been distorted due to Easter coming earlier this year in March.

He also noted that fares increased minimally by around 1% which offset the dropping value of the pound, declines in the amount of baggage being carried and the effect of recent bombing outrages in London and Manchester.

Passenger numbers are also up compared to the same three-month period in 2016 with 35 million travellers and increase of 12%.

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