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The king of low cost, Ryanair, finally returns to profits

2022-07-25T15:49:18.958Z


Given the uncertainties, the Irish company does not give forecasts for the entire fiscal year. Airlines are seeing the end of the tunnel. For the first time since the start of the Covid-19 pandemic, United Airlines made money in a quarter. From April to June, its profits reached $329 million. For its part, American Airlines posted a profit of 476 million dollars over the same period. This is expected news because the recovery of traffic on the American domestic market has been faster than i


Airlines are seeing the end of the tunnel.

For the first time since the start of the Covid-19 pandemic, United Airlines made money in a quarter.

From April to June, its profits reached $329 million.

For its part, American Airlines posted a profit of 476 million dollars over the same period.

This is expected news because the recovery of traffic on the American domestic market has been faster than in Europe.

But, on the Old Continent too, companies are starting to show better results.

Thus, the king of low cost, Ryanair, is finally back in the green.

From April to June, the leading European air carrier generated 170 million euros in profits.

This performance, the Irishman owes it to a multitude of factors.

First, demand has become very vigorous again.

"

Traffic has increased from 8.1 million passengers a year ago to 45.5 million with an aircraft load factor of 92%

," Ryanair said in a statement.

With this, the…

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Source: lefigaro

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