Ryanair Turns To Profit In Q1

Ryanair Holdings (RYA.L,RYAAY) reported first quarter profit after tax, pre-exceptionals, of 170 million euros, compared to a loss of 273 million euros, prior year. Profit per share, in euro cent, was 16.53 compared to a loss of 24.16.

IFRS profit to equity holders of parent was 187.5 million euros compared to a loss of 272.6 million euros, last year. Profit per share was 0.1646 euros compared to a loss of 0.2416 euros.

Total revenues increased by 600% to 2.6 billion euros. Traffic recovered to 45.5 million from 8.1 million. Scheduled revenues increased by 721% to 1.58 billion euros. The Group noted that Russia's invasion of Ukraine in Feb. damaged Easter bookings and fares.

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