Ryanair profits jump 19% to €268.9m
Ryanair, the Irish low fares airline, which last week celebrated twenty years in business, has reported a 19% increase in profits. The airline, which operates over 200 routes, revealed in its annual results that after tax profits had increased to €268.9m (US $332 million), comfortably beating the median analyst forecast of €248m ($306 million). Group revenue rose by 24% to a record €1.34bn ($1.66 billion), on the back of a 19% rise in passenger numbers to 27.6m ($34.1 million). By 10:30am UTC, Ryanair shares had risen by 4.48% to €6.53 ($8.06)
Source: Wikinews