Ryanair raise baggage fees despite massive profits

Budget airline Ryanair are to raise baggage fees despite announcing an increase in profit of 200% from last year. The airline is also planning to pay its first dividend to its shareholders totalling €500 million.

Passengers numbers were up by 14% with revenue up by 2%, the airline said cheaper oil prices had meant a 29% cut in fuel costs which had greatly contributed to this. But despite of the massive profits announced Ryanair are planning on raising baggage charges from £15 per bag to £20 per bag during July and August.

Mr O’ Leary CEO of Ryanair said his plan was not to raise more money but bring the volume of baggage inline with the rest of year and encourage passengers to bring less luggage. O’Leary is still upset over the ash cloud chaos and his airline would be suing a number of European governments and demanded a change to the regulations on compensating passengers.

He also went on to say that the regulations were out of date and that they were designed to facilitate an isolated incident at 1 airport not 18 days of UK airport closure affecting thousands of flights and airlines.