Passenger numbers in the first half rose four per cent to 51.3m and revenue climbed nine per cent. The average fare rose five per cent to €54.
The all-round good news for the airline has led the company to revise its full-year net profit target to between €750m and €770m, from its previous guidance of €650m.
The company's unit costs dropped two per cent thanks to the plummeting price of Brent crude. The low-cost airline added that it has signed an agreement for 200 Boeing 737-MAX 200 "Gamechanger" aircraft. The new planes come fitted with eight extra seats and more leg room.
Ryanair's CEO Michael O'Leary, said:
We are pleased to report this significant increase in H1 profits. While partially due to the presence of Easter in Q1 and a weak prior year comparable, we have also enjoyed a strong summer thanks to our strategy (announced Sept. 2013), of raising forward bookings and improving our customer experience which has delivered higher load factors and yields.