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28/07/2014
Ryanair Increases Profit Forecast
Ryanair has increased its annual profit forecast after its net income more than doubled for the three months to June.
In its latest trading update, the budget airline said its Q2 profit rose to €197m, compared to €78m the previous year.
The airline raised its profit forecast for the year to March 2015 to a range of €620m and €650m – up from the previous estimate of €580m to €620m.
Howard Millar, Chief Financial Officer, commented: "We've made a lot of service improvements over the last six or seven months and we're seeing the benefits."
Late last year, Ryanair started promoting a more 'customer-friendly' image.
(JP/CD)
In its latest trading update, the budget airline said its Q2 profit rose to €197m, compared to €78m the previous year.
The airline raised its profit forecast for the year to March 2015 to a range of €620m and €650m – up from the previous estimate of €580m to €620m.
Howard Millar, Chief Financial Officer, commented: "We've made a lot of service improvements over the last six or seven months and we're seeing the benefits."
Late last year, Ryanair started promoting a more 'customer-friendly' image.
(JP/CD)
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