Ryanair Warns Of ‘Brexit’ Impact to UK, Reports Strong Traffic and Profits

Fly Home to Vote "Remain" promotion. Source: Ryanair, Facebook

Ryanair warns a ‘Brexit’ could hurt the UK Economy, in its annual report published today which shows growth in traffic and passenger numbers.

Ryanair reported a rise in full year profit of 43% to €1,242M.

Traffic grew by 18% to 106 million passengers, and the airline’s load factor rose by 5% points to 93%.

The airline’s average fare dropped 1% to €46, and unit costs fell 6% (ex-fuel down 2%)

Ryanair reports it is 44% hedged for FY18 and that hedging will deliver fuel savings of circa €200m (as price savings are offset by increased flight hours).

“We plan to pass on most if not all of these fuel savings to our customers in lower air fares particularly as we grow capacity over the next 12 months in key markets around Europe,” Ryanair states.

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Cologne Bonn Airport © FCMedia 2016

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