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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff

Ryanair reports bumper profits amid pent-up demand

A Ryanair plane boarding at Krakow airport
Ryanair said it was able to maintain its low prices thanks to the fact it had hedged the cost of fuel. Photograph: Artur Widak/NurPhoto/Rex/Shutterstock

Ryanair made record third-quarter profits as the budget airline benefited from pent-up travel demand from cost-conscious customers.

The budget airline increased its full-year profit guidance after the strong performance, as profit after tax surged to €211m (£185m) between October and December. That is compared with a loss of €96m during the same period in 2021 and more than double its €88m profit in the same three months in 2019, before the pandemic.

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