Ryanair’s fiscal year profit rises by 26% to $530 million but threatens to ground up to 80 aircraft this winter due to rising fuel costs

Ryanair (Dublin) reported 8% traffic growth and a 26% increase in net profits for its fiscal year ending on March 31, 2011. The company reported net profits of $530 million. However due to high fuel costs, the company stated it could ground upwards of 80 Boeing 737-800s (they currently operate 272 737-800s) this winter.

Read the full report from The Independent: CLICK HERE

Ryanair Slide Show: CLICK HERE

Copyright Photo: Keith Burton. Please click on the photo for additional information.

Ryanair added eight new bases in its fiscal year – El Prat, Gran Canaria, Kaunas, Lanzarote, Malta, Seville, Tenerife, Valencia (total now 44 bases).

Routes from the London (Stansted) base:

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