Ryanair has returned money to investors in the past, but never on a regular basis.
Between 2008 and 2020, the group paid out €6.74 billion ($7.2 billion) to shareholders via buybacks and ad hoc dividend payments, according to a spokesperson.
Less competition has allowed the airline to increase ticket prices, which soared 24% on average, offsetting significantly higher fuel costs.
That would be up from its previous record of €1.45 billion ($1.6 billion) earned in 2018, before the Covid-19 pandemic.
Ryanair agreed to buy up to 300 Boeing 737-10 planes earlier this year in a deal worth $40 billion.
Persons:
”, Adina Vălean, we’ve, Michael O’Leary, “ I’m
Organizations:
London CNN, Ryanair, Lauda, Interactive Investor, Financial Times, International Air Transport Association, Boeing
Locations:
Austrian, Dublin, Europe, Albania