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Ryanair Lifts Full-Year Profit Forecast

By Insider Scoop
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Courtesy of Benzinga.

Ryanair Holdings PLC (NASDAQ: RYAAY) lifted full-year profit forecast by 10% to EUR440 million

Ryanair Holdings’ net profit for the six months to end-September surged to EUR543.5 million, from EUR424 million, in the year-ago period. Its revenue surged 24% to EUR2.71 billion.

Ryanair Holdings’ traffic surged 12% to 44.7 million passengers and average fares jumped 13%. Its unit costs rose by 13%.

Ryanair Holdings shares dropped 3.09% to close at $28.53 on Friday.

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