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

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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