Ryanair has posted earnings of €900 Million for the first half of 2012 despite rising fuel costs and a worldwide sluggish economy.
The Irish budget carrier’s passenger count dropped by 42,500. Ryanair battled these hurdles by raising air fares an average of 16 percent.
EasyJet saw a 7.2 per cent increase in passengers but has announced it will no longer fly to Madrid Barajas airport in response to Spain’s new airport tax.
Air Europe and Air Berlin reported losses and fewer passengers.’
The airline is trying to take a controlling interest in rival Irish carrier Aer Lingus.
Ryanair shares closed 18 cents up today at 29.47.