Ryanair profits jump on traffic and fare rises

[Smudger98]

Low-frills airline Ryanair has reported a rise in profits thanks to an increase in both passenger numbers and fares.

Net profit for the six months to the end of September was 596m euros ($765m; £477m), up 10% on the 544m euros the company made a year earlier.

Record half-year traffic numbers and an average 6% rise in fares helped boost revenue by 15% to 3.1bn euros.

The airline also raised its full-year profit forecast to 490m-520m euros, up from 400m-440m euros.

c/o- http://www.bbc.co.uk/news/business-20202579