Ryanair posts record profit as passengers soar above pre-Covid level

Ryanair posts record profit as passengers soar above pre-Covid level

Low-cost carrier Ryanair on Monday reported its best-ever annual profit, as passenger and revenue growth offset sharply higher operating costs. The Dublin-based firm said full-year profit after tax jumped 34% to 1.92 billion euros ($2.09 billion), and announced a 700-million-euro share buyback program. Revenue rose 25% year-on-year to 13.44 billion euros as the airline served … Read more

Airlines are feeling the impact of the Israel-Hamas war

Airlines are feeling the impact of the Israel-Hamas war

An Etihad Airways Boeing 787-9 “Dreamliner” aircraft displays Israeli and Emirati flags after landing upon arrival from the United Arab Emirates (UAE) at Israel’s Ben Gurion Airport near Tel Aviv, on the company’s first scheduled commercial flight from Abu Dhabi, on April 6, 2021. JACK GUEZ | AFP | Getty Images DUBAI, United Arab Emirates … Read more