Ryanair has reported full year profits after tax of €1.242bn, a 43% increase on the prior year. Revenue rose by 16% to €6.536bn. Traffic grew 18% to 106 million as load factor jumped 5% points to 93%. The airline’s average fare dropped 1% to €46 as unit costs fell 6% (ex-fuel down 2%). “FY16 was a year in which we delivered significant traffic and profit growth in all four quarters (despite an average oil price of $90bbl as a consequence of hedges put in place in 2014) as our Always Getting Better (AGB) service programme is attracting millions of new

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