Ryanair positive after 19% rise in profits

Before-tax profits at low-cost airline Ryanair rose 30% last year to just under €290m, the company announced today.

Low-cost airline Ryanair said today its prospects appeared more positive than a year ago after it posted a 19% rise in annual profits.

The airline – led by chief executive Michael O’Leary – exceeded forecasts with profits of €268.9m for the year to March 31.