Ryanair Reports 8% Drop In Profits

© Pat Flynn

Ryanair’s reported an 8 per cent drop in profits in the four months to the end of December.

The total’s come in at 95 million euro, and the company says traffic figures grew by 16 per cent to 29 million customers.

The company opened 5 new bases in the quarter, and is preparing more new bases and routes in continental Europe for 2017.


Spokesman Kenny Jacobs says they’re confident their business model is the way forward.