Ryanair profits to surge as cheap euro lures Brits abroad

Ryanair has upgraded its profits forecast for 2015 by 25 per cent after a strong summer

Ryanair

Budget carrier Ryanair has dramatically upgraded its guidance for profits this year, after a bumper summer boosted by Britons taking advantage of the plunging euro to enjoy cheap Mediterranean breaks.

The Guardian reports that the no-frills airline now expects profits for its full year to come in between €1.18bn and €1.23bn, up by around 25 per cent from the previous forecast of up to €970m. It had reiterated this earlier estimate last month, when it said it had "zero visibility" of the second half of the year amid an ongoing price war with rivals.

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