RE: STOB10 Jan 2020 09:15
In early UK corporate news, budget airline Ryanair said trading was stronger than expected over the festive period, and as a result it has upped profit guidance.
For its year ending March, the Irish carrier sees post-tax profit between EUR950 million to EUR1.05 billion, having previously guided for EUR800 million to EUR900 million.
Ryanair said trading was boosted by better-than-expected close-in bookings over Christmas and New Year, while forward bookings to April are 1% higher year-on-year which will lead to higher-than-expected fares.