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Ryanair raises profit forecasts after second quarter profits double
Budget airline Ryanair has raised its annual profit forecast after seeing net income more than double for the three months to June.

Second quarter profit rose to 197m euros (£156m) compared to 78m euros a year earlier, the company said.

Chief financial officer Howard Millar said "We've made a lot of service improvements over the last six or seven months and we're seeing the benefits".

The rise comes after profit warnings by rivals Air France-KLM and Lufthansa.

Ryanair, which is Europe's biggest budget airline, began promoting a more customer-friendly image late last year.

The airline raised its profit forecast for the year to March 2015 to a range of between 620m euros to 650m euros, up from a previous estimated range of 580m euros to 620m euros.

Ryanair has also said that it plans to aggressively raise capacity this winter by 8% and build its business-friendly routes.

News Source : BBC News

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