Ryanair raises profit forecast for FY2013

Ryanair announced (05-Nov-2012) it raised its profit forecast for FY2013 to between EUR490 million and EUR520 million. This is an increase from the airline's previous estimate of between EUR400 million and EUR420 million. The increased profit forecast followed the airline reporting a 10% increase in profits for 1H2013 compared to 1H2012. Meanwhile, Ryanair said it will have up to 100 aircraft grounded over winter 2012/13, however, the airline expects to have less aircraft grounded over winter 2013/14. [more - original PR]