Ryanair is riding high. Europe’s largest low-cost airline reported a 34% increase in profit after tax to €1.92 billion ($2.09 billion) for the 12 months to Mar. 31. Full-year revenues rose 25% to €13.44 billion ($14.65 billion).
Although shares in the Dublin-headquartered company were down in morning trading, Ryanair’s stock has nonetheless dramatically outperformed its two main European competitors, Britain’s EasyJet and Hungary’s Wizz Air, when viewed over the long haul.
