The airline's profit for the three months ending in June increased four-fold compared to the same period last year, primarily driven by an 11% year-on-year rise in traffic and a 42% surge in average fares. Ryanair's May and June figures showed record-breaking monthly passenger numbers, and the demand outlook for the summer remains strong, with fares expected to increase year-on-year by a low double-digit percentage from July to September.
Belgian Ryanair pilots have announced a fresh strike scheduled for July 29 and July 30, after the airline's management failed to address their requests for improved wages and working conditions. An earlier strike by the pilots on July 15 and 16 did not lead to any negotiation rounds, as mentioned by Didier Lebbe, a representative of the CNE union. The mid-July strike resulted in the cancellation of 120 flights at Brussels South Charleroi Airport, as reported by Belgian media.
Movement of Ryanair stocks in the last five years. (Source: Trading Economics)