Ryanair Predicts Record Year

Strong November demand has encouraged Ryanair to raise its maximum profit forecast for the current financial year from €770m ($948m) to €830m ($1bn). Despite adding 13 per cent more seats in November the budget carrier saw its load factor jump seven percentage points to 88 per cent as passenger numbers rose by more than fifth. Easyjet – Ryanair’s main rival in Europe – posted a €573m ($705) after-tax profit for its financial year, which runs to September 30 rather than the March 31 date that Ryanair uses. The Irish carrier’s revised forecast would represent a 56 per cent leap in annual profit, although Ryanair has cautioned that it “presently has very little visibility” on winter 2015 bookings.

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