Ryanair profit to rise as Lufthansa counts costs

Ryanair is expected to post after-tax profits of €320m when it publishes first quarter results early next week.

Ryanair profit to rise as Lufthansa counts costs

The figure, forecasted by Goodbody Stockbrokers, would represent a 25% increase on the same period last year. Ryanair publishes results for the three months to the end of June on Monday.

In May the airline posted strong full-year figures for the 12 months to the end of March showing a 6% rise in post-tax profits to nearly €1.32bn; a 2% rise in revenue to €6.65bn; a 14% increase in earnings per share and a 13% improvement in passenger numbers to 120m.

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