World, As Seen from the most beautiful islands: Ireland and Cyprus

Ryanair shows strong performance but some initiatives were delayed

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Ryanair has carried more passengers in the past quarter and also earned more on those travelers. However, the Irish budget airline also suffers from the problems with the Boeing 737 MAX, which has been kept on the ground for a long time. Because the delivery of the ordered devices of that type is likely to take place later, some goals are being postponed. Ryanair also takes longer time for a share buyback program.

The number of travelers in the third quarter of the broken financial year increased by 6 percent to 35.9 million and partly due to this, the aircraft of the Irish company were somewhat fuller than a year earlier. Turnover increased by more than a fifth to 1.9 billion euros. That yielded a profit of 88 million euros. In 2018, Ryanair recorded another loss in the third quarter.

The delayed delivery of the 737 MAX is the reason that Ryanair can only make use of cost savings in the following financial year. As a result of that delay, Ryanair postpones its target of carrying 200 million passengers a year for one or two years.

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World, As Seen from the most beautiful islands: Ireland and Cyprus

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