Ryanair has swung to a first-quarter profit despite airport disruption and a hit from the Ukraine war, but warned that the full-year outlook is unpredictable in a “fragile” market.
The Irish airline reported profits after tax of €170 million for the three months to June 30 against net losses of €273 million a year ago as passenger numbers rebounded to 45.5 million – 9% ahead of pre-Covid levels.
But profits were still “well below” levels seen in the same quarter before the pandemic in spite of the bounceback, according to the group.
