Ryanair makes light of profit fall by beating expectations

Ryanair has reported an 8% fall in profits for the first time in five years as lower fares, weaker sterling, and good weather resulted in a full-year profit of €523m.

The markets responded positively to the airline’s guidance that it will have an increased profit this year of up to €620m.

Shares in the airline increased by almost 40c to close at €7 following the full-year results.