Ryanair lifts profit forecast

Low cost carrier Ryanair this morning hiked its full-year profit guidance on the back of strong growth in the third quarter.

The airline now expects full-year profits to come in at around €540m (£461m), a seven per cent increase on last year.

Previous guidance was set at between €490m and €520m.

Over the third quarter, profits rose 21 per cent year on year to €18m in the typically weak period before Christmas.