I recently saw the CEO of this company on Squawk box and it seems
they had a huge quarter while other European carriers lost money for some reason or another.
Recently, Irish low-cost carrier Ryanair Holdings plc
RYAAY reported robust financial and operating numbers with net profit
for the year ended Mar 2015 rising 66% year over year to €867 million.
Moreover, load factor increased by 500 basis points to stand at 88%
while air traffic jumped 11% to 90.6 million.
It also seems like they are coming to America with their low cost fares.
Ryanair is also eyeing the
transatlantic route with extremely low fares for a one-way trip. If
successful in implementing its plans, the company will likely pose
significant competitive threat to U.S. low-cost carriers like Southwest
Airlines Co. LUV and Spirit Airlines.
Hopefully he can give our legacy carriers a run for their money.
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