Ryanair reports full year profit

Ryanair has reported a 10% increase in full year profit after tax to €1.45bn, as lower fares (down 3%) stimulated 9% traffic growth to over 130m guests, and a load factor of 95% load factor. Ryanair’s CEO Michael O’Leary said that he was pleased to report the 10% increase in profit and unchanged profit margin despite a 3% cut in airfares “during a year of overcapacity in Europe, leading to a weaker fare environment, rising fuel prices, and the recovery from our Sept. 2017 rostering management failure.” Ryanair says that it expects above average EU capacity growth to continue into