Ryanair reported a significant increase in quarterly profits, more than doubling from previous figures, driven by strong Easter demand and a fare surge exceeding 20%. The airline confirmed a policy of paying staff €1.50 for intercepting oversized carry-on luggage, with bonuses capped at €80 per month. Passengers face fees of up to €75 for larger luggage, while the airline maintains strict baggage rules. O'Leary anticipates maintaining summer fares similar to 2023 but expects profitability boosts through cost control amidst pressure from European Parliament for relaxed luggage regulations.
O'Leary stated that Ryanair has doubled its quarterly profits due to strong Easter demand and a surge in fares exceeding 20%. He anticipates continued profitability by controlling costs.
With every ticket, Ryanair allows a small carry-on bag capped at specific dimensions and weight, while oversized luggage incurs fees up to €75. O'Leary emphasized the importance of adherence to baggage rules.
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