High profits at Ryanair: Experts expect record profits of over 2 billion euros in the current financial year

High profits at Ryanair: Experts expect record profits of over 2 billion euros in the current financial year

According to a report by t3n.de, Ryanair can record the highest profit in the company's history this year due to high demand and more expensive airline tickets. This is due to a 30 percent increase in sales in the first half of the year, which resulted in a 59 percent jump in profits to 2.18 billion euros so far. Air ticket prices rose by an average of 24 percent and passenger numbers increased by eleven percent compared to the same period last year.

According to the CEO, the increasing demand, coupled with a tight supply of seats, will continue. However, it is expected that there will be a shortage of new aircraft in Europe in the next three or four years. This development influences both rising airfares and the continued demand for air travel. The price of the company's shares also rose by around six percent and analysts expect a further increase in value.

The planned distribution of 400 million euros to shareholders and the company's targeted debt repayment by the end of 2026 illustrate Ryanair's financial strength. The company's strategy of orienting itself on the US Southwest Airlines and focusing on low prices and cost optimization is reflected in the company's results. The restructuring of 1990 and 1991 and the focus on a “lowest fares, no extras” concept made Ryanair one of the most successful low-cost airlines in Europe. This development leads to further growth and a positive forecast for Ryanair's future in the aviation market.