Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Prarthana Prakash

Ryanair profits nearly halved as the low-cost airline blames its ‘frugal’ customers for booking too many last-minute tickets

ryanair ceo Michael O'Leary sitting at a desk (Credit: Hollie Adams—Bloomberg/Getty Images)

Travel has been booming all summer—and airlines might seem like the obvious winners. But it isn’t that easy, as is evident with Ryanair. 

The Irish discount carrier's first-quarter profits after tax plummeted by 46% to €360 million compared to the same period a year ago. 

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.