Ryanair unveils record profits but warns of growth slowdown

May 20, 2013, 9:18am

LOW-COST airline Ryanair today announced a 13 per cent increase in profits, a record high for the company despite rising oil costs.

Profits after tax grew to €569m (£481m) for the year ended 31 March, compared to €503m the previous year.

Fuel costs rose by over €290m and now represent 45 per cent of total costs, the company said.

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