Ryanair reshuffles full-year net profit outlook

Ryanair is continuing to see an increase in profits which is eclipsing its previously announced outlook. The group has narrowed its full-year net profit forecast to €800-900 million, an increase on its previous outlook which it put in the €750-950 million range. Ryanair’s projection was slightly down from its 2018-19 full year profit of just over €1 billion. In its H1 2019 report, Ryanair posted a flat year-on-year profit of €1.15 billion to the end of September as traffic rose 11% to 86 million passengers. Its revenue per passenger (RPM) climbed 1%, and while its air fares fell 5% from the previous year, the