Ryanair predicts profits boost thanks to strong pound and wet summer

Ryanair became the latest airline to thank the wet summer weather and strong pound for helping profits take off as it upped its outlook for the full year.

The Irish no frills airline said holidaymakers booking last minute deals to escape the dismal end to the summer helped its passenger numbers jump 13% in the first half of its financial year and is expecting a 15% hike in the third quarter.