Ryanair (RYA.I) on Monday forecast a record annual profit and promised to pay investors a regular dividend for the first time after fares soared 24% during the summer season.
First regular dividend of 400 mln eur due next yearon Monday forecast a record annual profit and promised to pay investors a regular dividend for the first time after fares soared 24% during the summer season.
The Irish airline has been increasing capacity far faster than most rivals to take advantage of the travel boom that followed COVID-era lockdowns. The 105 million passengers flown in the period was 11% higher than last year. A maiden ordinary dividend of 400 million euros will be split between an interim payment of 200 million euros in February and a final dividend of 200 million euros in September next year.
Sorahan said Ryanair's third quarter was looking "relatively good" with fares ahead of last year by a "mid-teens" percent margin.
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