Ryanair raises full-year profit forecast after stronger recent passenger numbers
By APThursday, April 1, 2010
Ryanair raises full-year profit forecast
LONDON — Irish budget airline Ryanair Holdings PLC raised its full-year profit forecast on Thursday, citing stronger than expected passenger bookings in recent weeks.
Ryanair, Europe’s biggest low cost carrier, said it was lifting its profit after tax guidance for the year ended March 31 to “not less than” euro310 million ($418 million), up from the previously forecast euro275 million.
The airline said the revision followed “somewhat stronger than expected passenger bookings, at better than expected yields, during late February and March in the run up to the Easter holiday weekend.”
Shares in the carrier jumped 7 percent to euro3.93 on the London Stock Exchange.
Ryanair is scheduled to release its full-year earnings on June 1.
