Ryanair posts best-ever third quarter profits performance

Ryanair coronavirus

Ryanair has posted a best-ever post-tax profit for its October-December quarter and signalled that bookings for Easter and summer flights were “very robust”.

“Bookings are showing no signs of recession at this point in time,” chief financial officer Neil Sorahan told Reuters.

“We had record bookings in week two and week three of January, very robust demand into Easter and the summer without fare stimulation,” he said. The previous week, rivals Wizz Air and easyJet also reported strong summer bookings.

Ryanair, Europe’s largest by passenger numbers, said it had earned 211 million euros ($229.40 million) post tax in the three months ended December 31, its third financial quarter,

Ryanair reiterated its January 4 forecast of an after-tax profit of between 1.325 billion and 1.425 billion euros for the year through March 31. That was an upgrade of an earlier forecast of 1 billion-1.2 billion euros.

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