Ryanair raises profit forecast

No-frills airline Ryanair said today it was raising its full-year profit forecast as passenger bookings were stronger than expected.

The airline said it expected to post profit after tax of at least €310 million, up from earlier predictons of €275 million.

Bookings were at better than expected yields during late February and March in the run-up to the Easter holidays, Ryanair said.

The airline is expected to announce its results on June 1st.