CEO Michael O'Leary showed a profit before tax by 26%, but demand is low and the high cost of fuel is the stable growth of the airline
the growth of Ryanair's passengers will be relentless march back this winter for the first time since their low-cost airline admittedon Monday that force high fuel costs and weak demand, the grounding of a maximum of 80 aircraft.
Europe's largest short-haul airline said passenger numbers would be from September to March over the same period in 2010-11, ending a trend that figures has seen traffic from the airline, based in Dublin why millions of people every six months. During last winter, Ryanair carried 32 million passengers per year total 72.1 million people.
Michael O'Leary, Ryanair chief dismissed speculation that the earth nearly three out of 10 jets in its fleet, a saturated market for low-cost airline said.
"Why is the model is not broken? Because in March next year we will fly all the planes, he said. The head of Ryanair said it had no economic sense to a shop where development is predicted, the traditionally quiet winter months be accompanied by an average oil price of over $ 110 (£ 68) per barrel.
"When you go to oil at 110 $ per barrel this winter, there is no time when you want to open new routes and bases," he said.
O'Leary added that Ryanair Boeing to make an order by the last of its new Boeing 737-800 in 2013, it is not on new aircraft until at least the 2016th Asked if Ryanair is a company grows slower than the gains from taking fares instead of expansion, he said, "That's the risk."
Nevertheless, Ryanair is growing faster than most, and last year added 328 new lines of his strong network of 1000 O'Leary, warned last year that the airline " Good battery and sell at low prices should become "approach would also be due to the slower growth rates will be compensated with higher income to change, forcing Ryanair a more complex operation. The company already has trials of the seats on certain routes started.
Passengers feel the crunch immediately. O'Leary said Ryanair high fuel prices, average ticket price would increase from 12% to over € 43 (£ 37) this year, the company looked to increased fuel costs to recover from € 350,000,000. "A 12% increase in average air fares not only cover the bill € 350 extra fuel, he said.
He said that Ryanair's average lead is-in tariff, the term for the lowest price ticket on a flight this summer 12 € compared to a maximum of € 9 in the last year. Under these cards are also available, he added added.
Ryanair has a profit before tax of € 401 for the year to 31 March announced that it has been eradicated by 26% over the previous year after a special charge related to the eruption of the volcano in Iceland last year. Revenue rose 21% to € 3600000000th