Ryanair raises full-year profit forecast
Traffic jumped by 14% to 21 million customers in the
final three months of 2014
Ryanair has raised its guidance for
its annual results as it returned to profit in the last three months of
2014.
The Irish airline said traffic for the three months to 30 March was expected
to rise by 25%, while falling oil prices would cut costs by 5%.It increased guidance for full-year net profits from between €810m and €830m to a range of €840m to €850m.
However, it warned shareholders and analysts to "temper expectations" for full-year profits in 2015-16.
Ryanair said: "We believe that any growth in profits will be modest as our fuel is hedged at $92 [ a barrel], whereas some competitors... will be significant beneficiaries of lower oil prices and this may lead to downward pressure on airfares in 2015-16."
The airline, which holds a 29% stake in Aer Lingus - the subject of a €1.4bn takeover bid by British Airways owner IAG - said it had received no formal offer for its holding and that it would "carefully consider" any approach.
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