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Irish airline Ryanair reported the results of the fiscal year ended March 31. The annual reports of the largest in Europe airline discounter was posted by finversia.ru. It is reported that at the end of the earnings period, its net profit amounted to 885 million euros, a decrease of 39% over the year. According to the economists, the figure was expected to be 1 billion euros. Revenue in the amount of 7.56 billion euros showed an annual increase of 6%. The number of passengers transported by the company last year amounted to 139.1 million people, an increase of 7% over the year. The company's report states that the average price of a ticket for its flights, including baggage, was 37 euros, which is 6% less than the price in the previous fiscal year. Ryanair forecasts profit in the next fiscal year ranging from 750 million to 950 million euros.
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
New car registrations in the United Kingdom slipped by a third on an annual basis in June after several dealerships resumed operations amid loosening lockdown measures, preliminary data from an industry body. The drop is seen as relatively ...
On Wednesday, Ryanair's (RYA.I) Chief Executive Officer Michael Kevin O'Leary announced that around 3,500 jobs would be slashed at the airline unless it could agree on a series of pay cuts with staff. The warning came after the company resumed ...
The National Bank of Canada and Scotiabank reported acceptable second-quarter results on Tuesday. Both banks surpassed analysts’ estimates even though their respective profits suffered from loan-loss provisions due to the novel coronavirus ...
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