Ryanair Swings To Q3 Profit, Lifts Forecast
Ryanair Holdings PLC (NASDAQ: 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.
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