Ryanair saw its first half profits soar by 37 per cent to €1 billion, on the back of a “bumper summer” and fuel savings, as it forecast that full year profit will be at the upper end of its €
1.175bn to € 1.225bn range.
In the six months to September 30th 2015, revenues at the airline rose by 14 per cent to €4bn. Traffic grew 13 per cent to 58m as load factor jumped 4 percentage points to 93 per cent, while average fares rose 2 per cent as unit costs fell by 6 per cent. When fuel is excepted, costs were flat.