Ryanair Raises Profit Guidance After Christmas Travel Boom

Airline shares surged in Europe after Ryanair Holdings Plc said it expects to post a bigger-than-expected full-year profit following a spike in lucrative last-minute bookings over the Christmas and New Year holiday, Bloomberg News reported. Europe’s biggest discount airline now anticipates earnings for the 12 months through March of between 950 million euros ($1.06 billion) and 1.05 billion euros, and most likely in the middle of that range, according to a statement on Friday. It had previously forecast 800 million euros to 900 million euros. The spate of late bookings helped lift yields, a measure of fares, according to Ryanair, which reports third-quarter results on Feb. 3. Read more