Ryanair raises profit guidance after strong Christmas but sees 'recent softening' in UK

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Ryanair raises profit guidance after strong Christmas but sees 'recent softening' in UK
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The no-frills carrier says its new forecasts are based on the assumption that there is no fresh disruption caused by COVID and the state of the war in Ukraine.

Ryanair has raised its annual profit guidance, saying it enjoyed a better Christmas season than expected but noted a"recent softening" in flights from the UK.

The no-frills airline said on Wednesday evening that it had hiked its full year profit after tax expectations from a range of €1bn-€1.2bn to €1.325bn-€1.425bn.said, which were expected to deliver €200m in profits in its third quarter to the end of December.The company - Europe's largest airline by passenger numbers - explained that it was expecting January-March to be loss making, largely due to the absence of Easter during the financial year because it falls in April 2023.

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