Ryanair raises profit forecasts

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Ryanair raises profit forecasts

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Budget airline Ryanair’s net income more than doubled for the second quarter. Profit for the three months to June rose to 197 million euros compared to 78 million a year earlier, according to the company.

It has led to the Irish airline raising its profit forecasts after making what it said was improvements in customer service.

Ryanair – Europe’s biggest budget airline began promoting a more customer-friendly image last year.

It added seat allocations, eased restrictions on hand luggage and cut penalty charges.

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