By Jonathan Davies
Ryanair profits grew 25% in its first quarter of the year as it said full-year earnings will be at the top end of its forecasts.
The Irish airline reported a profit of €245 million (£174m) for the three months to June, compared with €197m last year. Revenues were up 10% to €1.5 billion.
Ryanair said the quarter's positive growth meant its full-year profits are likely to be at the higher end of its €940-970m forecast.
But the airline urged caution: "... 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."