Ryanair posts record Christmas quarter, sees 'very robust' summer demand

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Ryanair on Monday posted a record after-tax profit for its October-December quarter and said bookings for Easter and summer flights were 'very robust', boosted by demand from Asian travellers and a strong U.S. dollar.

Ryanair, Europe's largest by passenger numbers, said it had earned 211 million euros in the three months ended Dec. 31, the third quarter of its financial year.

Sorahan would not reiterate a forecast made earlier in the month by Chief Executive Michael O'Leary that fares were likely to post annual high-single-digit percentage growth in the coming summer, saying only that he was "encouraged by bookings at this point."Ryanair reiterated its Jan. 4 forecast of an after-tax profit of between 1.325 billion and 1.425 billion euros for the year through March 31. That was anShares in the airline were down 1.1% at 15.

"With Asian tourists now returning and a strong U.S. dollar encouraging Americans to explore Europe, we're seeing robust demand," O'Leary said.

 

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