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Airlines Profit Due to Miserable UK Weather

The summer of 2015 hasn’t really been one to remember. It’s been very poor, with mostly rain throughout the summer months. As a result, this year more people decided to take to the sky in search of sunny weather for a break away. 

This week Ryanair share prices hit a record high after the budget airline raised its annual profits by 25 % as a result of high numbers of bookings from the UK and Ireland.

Both Ryanair and Easyjet witnessed a mass of eleventh-hour bookings due to holiday makers rushing for that last minute deal, desperate for sunshine.

With a 15% increase in Ryanair passengers in its third quarter, they are expecting profits to increase by £36million.

In addition to the cheap flights, holiday makers would have taken advantage of the currency rate as the pound has been particularly strong, giving them more bang for their buck.

Because of the news, Ryanair share prices have increase by 9% and this has seen other airlines profit due to miserable UK weather.

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