Ryanair forecasts record annual profit, promises regular dividend as fares soar

hl.co.uk:

We don’t support this browser anymore.
This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Newsroom

Newsroom articles are published by leading news agencies. Hargreaves Lansdown is not responsible for an article's content and its accuracy. We may not share the views of the author.

HL Podcast

HL Insight

Ryanair on Monday forecast a record annual profit and promised to pay investors a regular dividend for the first time after fares soared 24% during its key summer season.

Article originally published by Reuters. Hargreaves Lansdown is not responsible for its content or accuracy and may not share the author's views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.

Published by

06 Nov 2023

Europe's largest airline by passenger numbers said it expects an after-tax profit of between 1.85 billion and 2.05 billion euros for the year to end-March, easily beating its previous record of 1.45 billion euros in 2018.

The low-cost pioneer earned 2.18 billion euros in the six months to the end of September, the first half of its financial year, 59% ahead of its previous record for the period, set last year.

Traffic in the period was up 11% to 105 million passengers while fares were 24% higher than last year, the airline said in a statement.

The airline announced its maiden ordinary dividend of 400 million euros, split between an interim payment of 200 million euros in February and a final dividend of 200 million euros in September next year.

For subsequent financial years under a new dividend policy, Ryanair plans to return approximately 25% of the after-tax profit posted the