Wednesday 7 December 2016

Still taking the Mick with mile-high profits

Ryanair renegade O'Leary continues to surprise us, with profits this year twice that of 2013, writes Richard Curran

Published 12/09/2015 | 02:30

Ryanair chief Michael O’Leary dresses as superhero side-kick Robin in a replica Batmobile vehicle, as he announces the recent partnership with CarTrawler. Photo: Matthew Lloyd/Bloomberg
Ryanair chief Michael O’Leary dresses as superhero side-kick Robin in a replica Batmobile vehicle, as he announces the recent partnership with CarTrawler. Photo: Matthew Lloyd/Bloomberg

Ryanair is on a roll. It isn't the only international airline set to announce a record profit for this year, but its incredible rise has seen it bask among the elite of global aviation. It is the most profitable airline in Europe and the largest carrier of international passengers in the world.

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During the week, chief executive Michael O'Leary announced that Ryanair was likely to make around €250m more in profits this year that it previously thought.

If he delivers, the airline that Aer Lingus offered to buy for just £25m in 1993 will make a profit of €1.2bn. That is €3.2m per day.

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