Ryanair expecting FY2016 profit at 'upper end' of EUR940-970m range

Ryanair stated (27-Jul-2015) its FY2016 profit guidance remains unchanged, but stated profit would likely be "towards the upper end" of its EUR940-970 million range due to improved yields in 1HFY2016. Ryanair said: "We caution however that this guidance, which is 12% ahead of last year's profit, is heavily reliant on the final outturn of H2 fares over which we currently have almost zero visibility. Ryanair will continue to pursue its strategy of being load factor active and yield passive for the benefit of our customers, our people and our shareholders." [more - original PR]