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Ryanair’s soaring profit means regular payouts to shareholders for first time in 40 years

today 11/06/2023
Ryanair, Europe's largest airline, is set to pay regular dividends for the first time in its history due to its record profits from high demand for air travel and increased ticket prices. The company plans to distribute €400 million ($429.8 million) to shareholders next year and a quarter of annual profits through ordinary dividends. This announcement has caused its shares to rise by nearly 7%. Ryanair has previously returned money to investors through buybacks and ad hoc dividend payments. The airline has benefited from reduced competition and has been able to raise ticket prices by 24% to offset higher fuel costs. However, this may attract scrutiny from regulators. Despite expecting modest losses over the winter period, Ryanair predicts a full-year profit for the year ending in March 2024 in the range of €1.85 billion ($2 billion) to €2.05 billion ($2.2 billion). The airline plans to add over 200 new routes in the next year and aims to carry 183.5 million passengers by March 2024, depending on Boeing meeting delivery commitments.
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