Second rise in profit outlook for Ryanair

Ryanair has raised its profit forecast for the second time following improvements in customer service and a lowering of coasts, the carrier said. Ryanair

Passenger numbers have leaped 22% to 6.35 million people in the year to November and the carrier now expects profits to be between £636 million and £652 million.

It marks a dramatic change from last year, when Ryanair issued two profit warnings off the back of low passenger numbers.

Load factor rose by 7% and it carried 22% more passengers in November, year on year.

Chief marketing officer Kenny Jacobs said the increase was due to lower fares, a stronger forward booking strategy and “the continuing success of our Always Getting Better customer programme”.

“With our new routes, increased frequencies and Business Plus service, Ryanair continues to deliver so much more than just the lowest fares in every market we operate in,” he added.

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