Irish low-fare airline Ryanair on Thursday ramped up its annual earnings forecast after posting a surge in monthly passenger numbers. Net profit or earnings after taxation for the current financial year to March 2015 was expected to be between 810 million euros and 830 million euros ($1.0 billion and $1.03 billion), Ryanair said in a statement.
The announcement came just one month after Ryanair had already raised its forecast range to between 750 million euros and 770 million euros. The Dublin-based carrier added that passenger numbers soared 22 percent to 6.35 million in November as it achieved a load factor, or percentage of seats occupied, of 88 percent.
"As a result of this better than expected performance in month one, of its substantially expanded winter schedule, Ryanair has now revised its full year traffic guidance ... and raised its full year profit after-tax forecast," it said. The group now expects to carry 90 million passengers this year. That was upgraded from 89 million.
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