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Irish airline Ryanair posts record profit

5 June 2007

Ryanair Holdings PLC posted a record full-year 2006 profit Tuesday amid higher fuel prices and strong competition, but offered a cautious forecast for 2007.

The Dublin-based airline said net income, excluding exceptional items, rose 33 percent to 401.4 million euros ($541.7 million) in the 12 months through March 31, while sales rose 32 percent to nearly 2.24 billion euros ($3.02 billion).

But chief executive Michael O’Leary said he expected to post less stellar growth in 2007, with overall profit growth slowing to 5 percent, mirroring the percentage drop for an average ticket.

source: WTOPnews.com

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