11/4/2019, 7:43 AM (Source: TeleTrader)
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Ryanair's EPS grows 3% YoY to reach €1.02 in H1

Ryanair Holdings plc said on Monday that its basic earnings per share (EPS) amounted to €1.02 in the first half of the current fiscal year, increasing 3% on an annual basis. The company's net profits in the same period were flat year-on-year to reach €1.15 billion.

The Irish-based airline's revenue surged 11% to €5.39 billion while the traffic jumped 11% to 86 million travelers in the first half of fiscal 2020. Scheduled sales stood at €3.74 billion, rising 5% year-over-year, despite lowering the air fares by 5% due to weak consumer demand in the United Kingdom.

The company opened 5 new bases in Europe while Georgia and Armenia became new counties in Ryanair's network that counts 40 states.

Baha Breaking the News (BBN) / GA