Irish low-cost airline Ryanair won 170 million euros the first fiscal quarter of the year, from April to June, as announced this Monday by its managers. The figure, which means the return to profits after the 273 million losses in the same period last year – and which is far from the 243 million gains of the first fiscal quarter of 2019 – it is revealed in the middle of labor conflict which confronts the management with the cabin crew of the company in Spain. The workers are demanding work and salary improvements that bring them on par with their colleagues in the rest of Europe. As part of the strike, there have been ten redundancies that the workforce considers inappropriate.
Ryanair executives have celebrated a “strong” recovery in traffic, which has taken them from 8.1 million passengers in the first quarter of fiscal 2021 to 45.5 million recorded this year, a 461% increase.
Total turnover has increased by 602%, from the 370 million euros reached last year to 2,600 this year. The figure could have been higher without Russia’s war in Ukraine, which, according to company executives, has affected Easter bookings.