Ryanair reports 80% profits surge but issues warning

Ryanair has announced record profits of €115.7m for its first quarter ended June 30, 2006, but warned the 'buoyancy' is not expected to continue at the same level for the rest of the year.

Traffic grew by 25% to 10.7m passengers, yields increased 13%, ancillary revenues climbed 31%, and total revenues were up by 40% to €566.6m, the no-free-frills airline said today.