Ryanair make £1.1bn in add-ons
BAGGAGE fees, priority boarding and other add-ons raked in £1.1billion for Ryanair in the past six months.
Called “ancillary revenue”, the figure soared by 27 per cent over late spring and summer months and accounted for more than one in every £4 Ryanair generated in revenue.
“Key drivers of this growth were improved conversion of priority boarding and reserved seating,” the airline, run by Michael O’Leary, said in results out yesterday.
The added extras proved an important money-spinner for the Irish firm as competition forced them to cut average fares by three per cent in the six months to the end of September. The 27 per cent surge was more than four times faster than the six per cent growth in passenger numbers.
It came as a summer of strike disruption and rising fuel costs saw Ryanair’s half-year profits dive nine per cent to £1.1billion.
Ryanair said 2018 had been the worst year on record for strike action and staff shortages by air traffic controllers, particularly in France. ‘EXTRAS’ CASH For boss O’Leary Oil Royal Mail RSA RBS J Sainsbury SSE Severn Trent Serco Sports Direct Shell Sky Smith & Nephew ICONIC boot makers Dr Martens put their best foot forward last year, with a little help from the Beckhams.
David and son Brooklyn sported the firm’s famous footwear at Men’s London Fashion Week.
The boost came in a year when sales jumped 20 per cent to £348.6million, with profits up a third to £50million.
Northamptonshire-based Dr Martens are best known for their distinctive boots, which first became fashionable in the 60s.
The once family-run company were bought by private equity firm Permira in 2013. And while all products are designed in Britain, 99 per cent of their footwear is made overseas. 358.9 548.0 235.0 303.6 1138.5 1856.5 97.7 315.9 2548.5 1726.0 1269.5 +14.5 0.0 -0.4 -0.5 -11.5 -28.0 -1.7 +1.0 -20.5 -3.0 +0.5 BECKS FOOT FORWARD Brooklyn and David Euro Australian Dollar Bulgarian Lev Canadian Dollar Croatian Kuna Czech Koruna Egyptian Pound New Zealand Dollar Polish Zloty South African Rand Swiss Franc Thai Baht Turkish Lira UAE Dirham US Dollar 1.106 1.782 2.063 1.658 7.939 27.489 20.356 1.912 4.518 18.051 1.262 40.186 6.919 4.621 1.276