Ryanair Reports 23% Surge In Fiscal Year Profit

Ryanair Holdings PLC RYAAY reported a 23% rise in its fiscal year net profit. Ryanair reported its net profit at EUR374.6 million, up from EUR305.3 million, in the year-earlier period. Excluding exceptional items, its net profit surged 26% to EUR400.7 million. RYAAY's revenue for the year increased 21% to EUR3.63 billion. Its ancillary sales rose 21% to EUR801.6 million. Ryanair's unit costs surged 11%. Its unit costs, excluding fuel, increased 3%. Ryanair's fuel costs jumped 37% to EUR1.23 billion. Ryanair shares fell 1.51% to close at $30.02 on Friday. Read more from Benzinga's Company news.