Ryanair Swings To Q3 Profit, Lifts Forecast

Ryanair Holdings PLC RYAAY swung to a Q3 net profit and lifted its full-year net profit forecast. Ryanair posted a quarterly net profit at EUR14.9 million, versus a year-ago loss of EUR10.3 million. Ryanair lifted its net profit forecast for the year to EUR480 million, versus its November target of EUR440 million. Ryanair's revenue climbed 13% to EUR844.4 million. Its ancillary revenue surged to EUR177.0 million from EUR167.1 million. Ryanair shares closed at $33.53 on Friday.