Ryanair has reported a 1% rise in profits for the three months to June 29. The Irish low-cost carrier made a profit of €139 million, which was below forecasts of €151 million. Revenues rose 29% to €1.16 million and the airline maintained its forecast for flat profits of €400 million this year. Shares in the carrier dropped 2% on this news and the announcement that Ryanair expects operating costs per passenger for the full year to rise by 13% due to higher oil prices. Average income yield is expected to rise by 12% to 15% in the quarter ending in

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