Ryanair expects more profit

Europe's largest low-cost airline Ryanair expects a higher annual profit than before after a surprisingly good third quarter.

After taxes and adjusted for special effects, 1,325 to 1,425 billion euros should now be left hanging, as the company announced. Previously, Ryanair had assumed 1,00 to 1,20 billion euros. The prerequisite is that there are no unforeseeable negative events. The company continues to expect 168 million passengers for the fiscal year ending March.

In the third quarter, a profit of almost 200 million euros should have been achieved, it said. For the first time in three years, customers had a lot of catching up to do during the holiday season. In addition, there were no adverse effects from Corona or the war in Ukraine. Due to calendar effects and the recent slowdown in Great Britain and Ireland, Ryanair expects a loss in the fourth quarter.