Record Ryanair profits but stocks edgy

Ryanair published record profits yesterday but had a rollercoaster day on the stock market, losing 5% of its value before returning to positive territory by the close of trading.

Ryanair reported a net profit of €503m for the year to the end of March, a 25% increase on last year’s €401m.

The company has achieved at least 25% growth in its profits each year since 2009, but the airline’s executives are saying that this growth performance could be interrupted by the eurozone’s perfect economic storm.