Airline

Ryanair reports a 13% rise in full year profits

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Ryanair reports a 13% rise in full year profits

Ryanair has announced record annual profits of €569m, up 13% on last year despite higher oil costs. Revenues rose 13% to €4.88bn as traffic grew 5% to 79.3m passengers. Unit costs rose 8% mainly due to an 18% (€292m) increase in fuel. Excluding fuel unit costs rose by 3%, while avg. fares impr...

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