Airline

Ryanair reshuffles full-year net profit outlook

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Ryanair reshuffles full-year net profit outlook

Ryanair is continuing to see an increase in profits which is eclipsing its previously announced outlook.

The group has narrowed its full-year net profit forecast to €800-900 million, an increase on its previous outlook which it put in the €750-950 million range.

Ryanair's projection was slightly down from its 2018-19 full year profit of just over €1 billion.

In its H1 2019 report, Ryanair posted a flat year-on-year profit of €1.15 billion to the end of September as traffic rose 11% to 86 million passengers.

Its revenue per passenger (RPM) climbed 1%, and while its air fares fell 5% from the previous year, the group saw a 16% rise in add-on sales.

Fuel costs continued to hit the firm, increasing 22% to €1.59 billion. Meanwhile, load factor remained at 96%.