Ryanair reported profits of €211 million for the past three months, almost tripling those of the same period prior to the introduction of Covid.
The low-cost airline claimed that “pent-up travel demand” during the October half-term and the Christmas holidays contributed to the strong quarter.
It made €88 million for the same quarter prior to the Covid virus, and this year it reported that 38.4 million passengers used the airline from October to December, which is 7% more than before the pandemic.
More than 95% of crew pay cuts have been restored by agreement, according to Ryanair, which has also announced 230 new routes and said it is expanding in Italy, Poland, Ireland, and Spain.
Ryanair’s CEO, Michael O’Leary, revealed that his company has added an additional 11 aircraft to its Gamechangers fleet, which has 4% fewer seats and uses 16% less fuel.
Additionally, he claimed that adding scimitar winglets to existing aircraft will save 1.5% of fuel for an investment of more than $200 million.