Ryanair has announced net profit of 867 million euro for 2014. It's a rise of 66 percent and is ahead of expectations.
Traffic was up 11%, to 90.6 million passengers.
CEO Michael O'Leary said: “We are pleased to celebrate Ryanair’s 30th Birthday by reporting this 66% increase in net profit which demonstrates the enduring strength of Ryanair’s lowest fare/lowest cost model which has been transformed by the success of our “Always Getting Better” (AGB) customer experience programme. AGB has attracted millions of new customers to Ryanair."
The company also reported that their summer 2015 fleet of 320 aircraft is insufficient to handle the demand for Ryanair’s low fares.
They will lease-in 6 aircraft in the peak period to help meet this surging demand.
They expect over half of our growth to occur at primary airports such as Brussels, Lisbon, Rome, Athens, Copenhagen, Berlin, Cologne, Dublin and London
