Ryanair shareprice timeline: One chart showing how the budget airline boosted its profits

 
Ashley Kirk
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ryanair share price timeline

Ryanair's net profits for the year increased by 66 per cent today as the budget airline celebrated its 30th birthday.

Click on the image above for a larger version of the graphic.

Its share price soared as the company announced its latest figures this morning, which beat analysts' expectations.

For the 12 months up to March 31, the carrier reported a net profit of €867m (£614m). This was up from €523m for the same period last year.

Revenue was up 12 per cent on last year - at €5.7bn - and traffic had also jumped by 11 per cent to 90.6m. This was helped by expansion into further airports, new business schedules and a new customer experience programme.

It is reported that the company's good news is owed to its focus on improving customer service - something its boss, Michael O'Leary, has previously identified as an issue.

In the past year, the group has implemented a programme aiming to "listen and respond" to customers, and it now has a 90 per cent punctuality rate.

The company will be ordering new aircraft to grow its fleet in order to meet increased demands. Profits are expected to rise 10 per cent for 2016 - due to sit between €940m and €970m.

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