Ryanair increases its full-year profit forecasts after 10% rise

Ryanair has significantly upped its full-year profit forecasts, following a better-than-expected 10% rise in first-half figures.

The airline yesterday reported after-tax profits of €596m for the six months to the end of September — 10% higher than the €544m generated in the same period last year.

Similarly, half-year revenues were up by 15% year-on-year to €3.1bn, with basic earnings per share growing by 13% to 41.34c.