World Economy

Ryanair Posts Record Profit

Ryanair Posts Record ProfitRyanair Posts Record Profit

Budget carrier Ryanair has booked record bottom-line earnings for its fiscal year ended March 2016, DW reported. Its outlook is still optimistic, but lower ticket prices are likely to see the surge in net profit slow down. Europe’s biggest budget carrier by passengers, Ryanair, on Monday reported a 43% surge in net profit for its fiscal year to March 2016. The Irish airline said its bottom-line earnings amounted to €1.24 billion ($1.39 billion), just short of a forecast of €1.25 billion seen in a company poll of analysts’ estimates.