While many airlines have been struggling, the low-cost carrier has recovered to a better position than before 2019 as its CEO says concerns about recession and inflation have been"greatly exaggerated".Why you can trust Sky News
. Record passenger numbers in the second quarter and higher fares have resulted in a profit of €1.37bn for the first half of its 2023 financial year. The numbers are better than pre-pandemic. Profits have increased from €1.15bn in the first of the year before the pandemic hit and passenger numbers hit 95.1m in the second quarter of this financial year, up from 85.7m beforeFares too were 7% higher in the first six months than in the company's pre-COVID 2020 financial year.
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