The figuresRevenue rose two per cent in the three months to 30 September, to €4.13bn (£3.68bn) from €4.04bn.
Why it's interestingRyanair – and its chief exec O'Leary – was a vocal opponent to Brexit in the run up to the referendum, and in October the airline warned that the weakening of sterling that followed the vote would hit full year profits. And since the UK voted to leave the EU, Ryanair has laid out plans to "pivot" growth away from Britain and towards other member states instead. Investors have been braced for a decline in profits – although analysts at Davy Group said the budget carrier's "business model and free cash flow generation still leaves Ryanair as the stand-out winner in the European airline industry".
What Ryanair saidO'Leary said the first half results represented a "creditable performance in difficult market conditions due to repeated air traffic controller strikes, terror events, and the adverse economic impact of the Brexit vote in June which saw Sterling weaken materially over the peak summer period".
The weaker pound has left Ryanair down, but by no means out.