Ryanair posted a stronger-than-expected 80 per cent jump in first-quarter net income today but stuck to its full-year profit goal.
The airline reported net profit of €115.7 million for the three months to the end of June, beating analysts' estimates.
A late Easter that fell early in Ryanair's first quarter and the addition of new routes - along with a 31 per cent rise in sales from ancillary items such as car hire and travel insurance - helped lift revenue 40 per cent to €566.6 million.
Healthy travel demand also ensured that yields - the amount of money it makes from each seat - rose 13 per cent. But Ryanair warned that, based on current sales, it did not expect that strength to continue into the rest of the year.
"Our outlook for the remainder of this fiscal year remains cautious," Ryanair chief executive Michael O'Leary said in a statement.
"We believe that the forthcoming winter will be characterised by much more difficult trading conditions," he added, reiterating that he expected net profit to rise 5 to 10 per cent for the full year.