Budget Airline Ryanair Posts Record Annual Profit Amid Strong Passenger Growth

Monday, 20 May 2024, 06:51

Ryanair, the Dublin-based budget airline, has reported a record full-year profit after tax increase of 34%. Along with this impressive financial performance, the company also announced a significant 700-million-euro share buyback program, signaling confidence in its future growth and financial stability.
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Budget Airline Ryanair Posts Record Annual Profit Amid Strong Passenger Growth

Ryanair Achieves Record Annual Profit

Ryanair, the Dublin-based budget airline, has reported a record full-year profit after tax increase of 34%. This substantial growth was largely driven by a surge in passenger numbers, surpassing pre-Covid levels. The company's strong financial performance has led to the announcement of a 700-million-euro share buyback program, highlighting its commitment to enhancing shareholder value.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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