Ryanair flies high as profits rise 18%

RYANAIR shrugged off a doubling in fuel prices to report record interim profits yesterday.

The airline said profits after tax in the six months to end September were 18% higher at €237 million, despite its fuel bill increasing by 108% over the period.

A combination of higher fares, more passengers and cut in other costs lifted profits, chief financial officer Howard Millar said.