Ryanair: net profit 2010-2022
Between 2010/11 and 2017/18, the Dublin based company was able to more than triple their net profits. In 2017/18, this figure reached 1.45 billion euros before dropping to 885 million euros in 2018/19. By the financial year ending March 2020, Ryanair's net profit dropped to 649 million euros. In the latest financial year, the airline reported a net loss that amounted to 240.8 million euros.
Why the fall in profits?
With its generally affordable ticket prices, Ryanair’s increase in profitability observed until 2017/18, was mainly due to a growing number of passengers choosing to travel with the airline. However, the company states that higher oil prices as well as greater payroll costs, extended strikes by air traffic control and staff shortage resulted in the prominent decline of net profits seen in 2018/19.
Commercial airline profits
Net profits of worldwide commercial airlines were at an all time high in 2017. Despite a decline for 2019, figures were still significantly greater than those reported at the beginning of the decade. However, airlines operating in Europe were set to see a more pronounced decline in profits compared to those from other regions.
Why the fall in profits?
With its generally affordable ticket prices, Ryanair’s increase in profitability observed until 2017/18, was mainly due to a growing number of passengers choosing to travel with the airline. However, the company states that higher oil prices as well as greater payroll costs, extended strikes by air traffic control and staff shortage resulted in the prominent decline of net profits seen in 2018/19.
Commercial airline profits
Net profits of worldwide commercial airlines were at an all time high in 2017. Despite a decline for 2019, figures were still significantly greater than those reported at the beginning of the decade. However, airlines operating in Europe were set to see a more pronounced decline in profits compared to those from other regions.
