Ryanair profits from higher revenues

Ryanair has reported a 23 per cent rise in second quarter profits, and said its full-year results will be better than previously expected.

The budget airline made a pre-tax profit of 463m euros ($637m; £398m) in the three months to 30 September, up from 378m euros a year earlier.

Ryanair said its annual profits would be 10 per cent higher than its previous target.

It said it was continuing to see higher revenues per passenger offset high fuel costs.

Source: BBC