Ryanair reports record quarterly profit of over €200 million

Ryanair reported a record after-tax profit of €211 million for the third quarter of 2022 (Q3 2022) and said early bookings indicate it to be on track for a “strong” summer 2023. “We believe we will see robust demand both through Easter and into summer 2023 for short-haul flights across Europe,” said chief executive Michael O’Leary. “Strong pent-up travel demand over the October mid-term and peak Christmas/New Year holiday season” drove Q3 2023 profits, the carrier said, with traffic up 24% year-on-year to around 38 million passengers and fares up 14% on pre-pandemic levels. Earnings per share were up to