DUBLIN: Irish airlines Ryanair’s net profits have doubled in third-quarter on surging passenger numbers, and unveiled an 800-million-euro ($866-million) share buyback programme.
Earnings after taxation rocketed 110 percent to 103 million euros in the three months to the end of December, compared with 49 million euros a year earlier, Ryanair said in a results statement on Monday. Customer traffic jumped by a fifth to 25 million people.
The Dublin-based carrier added it would return 800 million euros to investors via a share buyback, and cited its rising profitability and improving cash flow.
