Ryanair orders 27 Boeing 737-800s for $1.9bn
06 Jun 2007
The planes will be delivered between September 2009 and March 2010.
Ryanair's Chief Financial Officer said that the new order brings Ryanair's total firm orders for Boeing 737-800s to 308 and total fleet size, including planned disposals, to 262 by 2012.
Meanwhile, on 5 June, Ryanair released record net profits of €401mn, a 33% increase over the prior year figure and €11mn ahead of previous guidance.
Ryanair's traffic has grown by 22% to 42.5 million, yields have risen 7%, as revenues grew by 32% to €2.24bn. Unit costs increased by 9% mainly due to a 50% increase in fuel costs.
Despite this significantly higher fuel bill, Ryanair said that it has maintained an industry leading after tax margin of 18%.