Ryanair share price tipped for 30% take-off this year

Ryanair’s share price is being tipped to surge by nearly 30% in the next 12 months on the back of continued profit and record passenger increases offsetting a drop in fares.

The airline yesterday reiterated its forecast for full-year profits, up to the end of March, to come in at the upper end of the already guided range of €1.17bn-€1.22bn and upped its passenger expectations from 105m to 106m.

This outlook accompanied a strong set of third quarter figures, which showed that — despite a period of disrupted demand arising from November’s terrorist attacks in Paris and Brussels — revenue grew by 17% to €1.33bn and passengers grew by 20% to 24.9m.