Ryanair operating profit declines 26% as costs increase by double digits in Q1FY2020

Ryanair reported (29-Jul-2019) the following financial highlights for three months ended 30-Jun-2019:

Total operating revenue: EUR2312 million, +11% year-on-year;
- Ancillary: EUR795 million, +27%;
Total operating costs: EUR2037 million, +19%;
- Fuel: EUR783.9 million, +24%;
- Airport and handling charges: EUR325.3 million, +16%;
- Labour: EUR297.3 million, +21%;
Operating profit: EUR275.2 million, -26%;
Net profit: EUR242.9 million, -21%;
Total assets: EUR14,597 million;
Cash and cash equivalents: EUR2024 million;
Total liabilities: EUR9318 million. [more - original PR]

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