Thumbs up for Ryanair
Budget carrier Ryanair will this week buck the trend in the airline industry with better-than-expected annual profits. Oil prices, recession pressures and the recent volcanic ash clouds have been key issues for the industry.
Ryanair - led by Michael O'Leary, said last month a late flurry of bookings in its final quarter would boost annual profits by at least £21.3m. It upped profits guidance for the year to March 31 to at least £263.8m compared with previous guidance of £234m.
This would be a turnaround for Ryanair after it suffered losses of £144m a year ago.
IN PHOTO: Something to smile about, Ryanair boss Michael O'Leary