Ryanair: “substantial” jump in profits expected over next 12 months, but yields to decline steeply

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Ryanair CEO, Michael O’Leary, forecasts the carrier’s profits will “jump substantially” over the next 12 months. Several other LCCs, including Allegiant and AirTran in the US, are seeing a brighter earnings outlook, while others, including Jetstar, AirAsia and Air Arabia, have reported solid earnings lately.

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