Ryanair swings back to €1.4bn profit despite soaring costs

Revenue more than tripled to €6.6bn during the six months and Ryanair carried 95.1 million passengers, a jump of 143%

Fuel prices have soared in the last year and by comparison the fuel that Ryanair is buying in advance for next year has cost it an average of $93 per barrel. Picture: Brian Lawless/PA Wire

Ryanair has managed to swing back into the black despite a massive hike in costs over recent months.

The airline said that it carried more than twice the number of passengers compared to a year ago, helping to push up revenue.