Profit decline at Ryanair
Author: Thomas Wandler
More cheap flights in Germany despite Air Berlin bankruptcy
The profit of the low-cost airline Ryanair fell by around 39 per cent to a total of 885 million euros by the end of March. This was due to start-up losses at Laudamotion. Without these, the profit would have been just over one billion euros. Higher oil prices and personnel costs are also reasons for a decline.
Competition also weaker
The Group expects passenger numbers to increase by a total of 8 percent to 153 million euros by the end of March 2020. The profit will then depend on the amount of revenue per passenger that can be increased.
The half-year figures of the competitor Easyjet also fell. Here, expensive fuel and lower ticket prices were the main reasons. Easyjet boss Lundgren did not predict any particular increase for the summer.
More low cost flights in Germany
According to a study, the number of cheap flights in Germany has increased further. Despite the rising kerosene prices, consumers can hope for further falling prices. Test purchases were made in the spring. The range for the companies there was between 50 and 106 euros per route. Last year, prices were still between 53 and 117 euros.
According to a study, the number of low-cost flights from Germany has continued to rise despite the Air Berlin bankruptcy. With a total of 5320 flights in January, there were 500 more cheap flights in one week than in the previous year.