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09.03.2019 09:42
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DUBLIN, Nov. 7 (Xinhua) -- Ryanair, Europe's leading low-cost airline, said on Monday it has garnered a 7 percent increase in half yearly after-tax profits as a result of continuing passenger traffic growth.

In a statement, the airline said its profits after tax for the six months to the end of September was 1.17 billion euros, an increase of 80 million euros year on year.

Last month, Ryanair reduced its full-year net profit guidance by 5 percent from a previous range of 1.375 billion euros and 1.425 billion euros to a new range of 1.3 billion euros and 1.35 billion euros due to sterling weakness and the impact of intense competition on fares.

While opening 73 new routes and six bases, the airline said it delivered 12 percent traffic growth to 65 million customers over the period.

Ryanair's CEO Michael O'Leary said the profit increase was "a creditable performance in difficult market conditions due to repeated air traffic control strikes, terror events, and the adverse economic impact of the Brexit vote in June which saw sterling weaken materially over the peak summer period."

The airline is expected to carry over 119 million customers in 2017, O'Leary said.

"This stronger growth requires us to raise our long term traffic forecast by over 10 percent from 180 million to over 200 million customers per annum by March 2024," he said.

Despite the uncertainty of Brexit, Ryanair believes it can deliver profitable growth across Europe by controlling costs, lowering airfares and maximizing load factors. (1 euro = 1.11 U.S. dollars) Enditem

Los Angeles Mayor Eric Garcetti addresses a press conference at StubHub Center stadium to announce that Los Angeles has reached a deal with the IOC to host the 2028 Olympic Games on Tuesday. Photo: AFP

Paris is celebrating outright -victory in its bid to host the 2024 Olympic Games despite cautionary rhetoric from French President Emmanuel Macron and bid leaders following a -historic deal with Los Angeles.

Macron hailed the "very important step" on the road to hosting the Games after LA on Monday announced its intent to organize the 2028 Games.

The deal was described by International Olympic Committee (IOC) President Thomas Bach as a "win-win-win" agreement for both cities and the Olympic Movement.

But despite the fact that Paris is now effectively the only remaining candidate to host the 2024 Games Terrell Edmunds Womens Jersey , Macron and -other bid leaders shied away from overt triumphalism.

"France notes the decision of Los Angeles to put forward its candidature for 2028 and to reach an agreement with the IOC and Paris," a statement from Macron's office said.

Macron spoke to Bach following LA' announcement and was "delighted by this very important step towards France obtaining the Games in 2024."

Both Paris and LA had -wanted to host the 2024 Summer Games, with the winner to be officially named by the IOC on September 13 in the Peruvian capital Lima.

But the possibility that LA would abandon a 2024 bid and instead accept the 2028 Games has been growing since the IOC decided in July that it would attempt to award both Games at its Lima meeting.

The French capital insisted it only wanted to host the Games in 2024 Maurkice Pouncey Womens Jersey , on the 100th anniversary of the city's 1924 Olympic Games, prompting LA to soften its stance and consider hosting the 2028 Games.

And confirmation of the decision everyone was expecting came on Monday night.

"I am proud to announce the Olympic Games are coming back to the United States of America," LA Mayor Eric Garcetti said at a ceremony at the StubHub Center stadium.

"In 2028 Cameron Heyward Womens Jersey , we are bringing the Games back to LA, one of the great capitals of the Olympic Movement. A city that has always been a Games changer and will be again in 2028."

LA officials, who had put forward a $5.3 billion bid for 2024 Ben Roethlisberger Womens Jersey , said an agreement had been reached with the IOC on financial considerations that would make waiting an extra four years feasible.

Bid chief Casey Wasserman said the IOC had waived various fees and payments that could ultimately save LA organizers millions.

The IOC will also advance $180 million to LA organizers to lessen the impact of the longer lead-up time, money that normally wouldn't be disbursed until closer to the Games' kickoff.

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