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Ryanair half-year profits up 10%

5 November 2012

No-frills airline Ryanair raised its guidance for the year as profit rose 10 per cent in the first half of its financial year and traffic increased.

The airline said it would raise its profit guidance for the year from between €400 million and €440 million to between €590 million and €520 million after a strong performance in the six months to September.

Revenues were 15 per cent higher for the six-month period at €3.11 billion, with profit after tax rising to €596 million compared with €544 million in the six months to September 2011.

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