LONDON, Jan 5 ― Irish no-frills airline Ryanair yesterday raised its after-tax profit forecast for the fiscal year ending March 31, citing stronger than expected travel and revenues over the recent festive period.
However, the budget carrier noted in a statement that the reassessment was “heavily dependent” on avoiding further fallout from “adverse events” such as Covid or the ongoing war in Ukraine. It expects to report after-tax profits in the third quarter ending on December 31 as boosted to close to €200 million.
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