Saturday 25 March 2017

Ryanair raises profits guidance

Ryanair has leased BA three aircraft in the past month. Photo: Bloomberg News
Ryanair has leased BA three aircraft in the past month. Photo: Bloomberg News

Budget airline Ryanair has said a rush of bookings at higher prices in the last month would boost annual profits by at least €25m.

The Irish carrier refused to directly acknowledge the impact of the British Airways strikes but is emerging as a winner as travellers make alternative arrangements.

Ryanair has leased BA three aircraft in the past month as well as introducing "rescue fares" for those stranded by industrial action.

The firm said annual profits - covering the year to March 31 - would be at least €310m compared with previous guidance of €275m.

The airline said this was "as a result of 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".

Press Association

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