Ryanair expects full year earnings to rise by up to 30 per cent after a record summer and higher air fares helped offset rising fuel costs.
The Irish carrier, which operates flights out of Birmingham Airport, posted a 59 per cent surge in after-tax profits, to £1.89 billion for the six months to September 30.
The group said this, together with a marked recovery in demand for air travel over the summer – it flew 11 per cent more passengers at 105.4 million over its first half – helped counter a 29 per cent rise in fuel costs.
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