Ryanair expects to net more than €1bn in profits for the fiscal year ending in March, roughly 25 percent higher than earlier forecasts. The Irish low-cost carrier said it has seen a spike in passenger traffic in recent months, as the British pound gained in value against the euro.
“We have been surprised by the strength of close-in bookings and fares this summer during which we delivered record 95-percent load factors in both July and August while fares grew by over 2 percent, when we had expected them to be flat,” Ryanair Chief Executive Michael O’Leary told the Wall Street Journal.
