Ryanair to increase profit forecast

Ryanair has announced an increase in its annual profit guidance on after recording results during Q2 2014 in which net income rose 152% over the same period the previous year. The airline recorded profits during Q2 of €197 million, compared to €78 million during Q2 2013. On the basis of these results, Ryanair has revised its forecast for full year profit to between €620 million and €650 million for the year up to March 2015, up from a range of €580 million to €620 million issued previously. Ryanair CFO Howard Millar said: “We’ve made a lot of service improvements over