Ryanair ups full-year profit forecast | Bangkok Post: news

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Ryanair ups full-year profit forecast

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Irish no-frills airline Ryanair hiked its annual earnings forecast on Monday after posting soaring profits, and confirmed a proposal it hopes will enable it to win a battle to buy rival Aer Lingus. 

A Ryanair flight takes off from Barcelona airport in 2010. Irish no-frills airline Ryanair hiked its annual earnings forecast on Monday after posting soaring profits, and confirmed a proposal it hopes will enable it to win a battle to buy rival Aer Lingus.

Profit after tax jumped 21 percent to 18.1 million euros ($24 million) in the group's third quarter, or three months to December 31, compared with the same part of 2011, sparking an upgrade to its forecasts, Ryanair said in a statement.

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