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Ryanair raises profit forecasts


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Ryanair raises profit forecasts

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

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