Another Stellar Ryanair Performance ©

Ryanair continues to deliver stellar profitability in a very tough environment while competitors struggle to restore profitability in the European short-haul market, announcing a Q1 operating profit of €132 million and net profit of €99 million down 29% vs. 2011 on revenues of €1.284 Billion carrying 22.5 million passengers up 6% with a load factor of 82% down 1% with cash reserves of €3.808 billion. The Ryanair CEO Michael O’Leary stated " Ryanair continues to grow its traffic across Europe while maintaining the lowest unit costs in the airline industry, and generating healthy profits as evidenced by the 8% after tax margin achieved in the first quarter, We continue to see significant opportunities to grow across Europe as many airports aggressively compete to attract Ryanair’s traffic growth". The carrier’s ancillary revenues continue to grow strongly up 15% to €285.9 million in the long-term ancil