Ryanair has reported a first quarter profit of €170 million in the three months to end June 2022, reversing its prior Q1 loss of €273 million, however the result is still below the €243 million profit reported for Q1 FY20 in the pre-Covid period. Revenue rose to €2.6bn – a considerable improvement over the €370 million reported in Q1 2021. During the quarter, Ryanair’s traffic recovered strongly to 45.5m from 8.1m (+9% ahead of pre-Covid), even though the airline noted that Easter bookings and fares were “badly damaged by the Russian invasion of Ukraine in Feb”. Ryanair’s load factor improved to 92% from 73% a

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