Ryanair cautious on fuel costs as full-year profit rises 10%

Ryanair has booked a solid increase in full-year profits, but warned that rising oil prices could take the gloss off its performance over the next 12 months.

The budget carrier saw a 10% rise in post-tax profit to €1.45bn in the 12 months to March 31, while revenue jumped 8% to €7.15bn.