Ryanair raises full year result outlook as profits increase and yields improve

Ryanair has raised its full year profit outlook with the carrier now expecting to exceed the upper end of its previous forecast range of EUR350 million to EUR375 million, to report a profit of EUR380-400 million subject to 4Q yields. Based on forward bookings in the current quarter, traditionally the weakest for European carriers, Ryanair anticipates that winter (H2) yields will exceed its previous forecast, with full year yields now anticipated to be at the upper end of the +5% to +10% range which was previously indicated - ie close to 10%.