2 Feb 2010

Ryanair raises profit forecast

12:25 pm on 2 February 2010

Ryanair has raised its full-year profit forecast as passenger numbers continue to rise.

The Irish budget airline expects a full-year profit of about 275 million euros.

It follows a December quarter loss of 10.9 million euros.

Ryanair says fuel costs fell by 37%, offsetting a 12% reduction in fares.

Passenger numbers rose by 14%.