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The Guardian - UK
The Guardian - UK
Business
Alex Lawson

Ryanair to reward shareholders as it heads for record profits after fares rise

Ryanair Michael OLeary
Passengers board a Ryanair flight in Athens
Passengers board a Ryanair flight in Athens. Record summer traffic and the growth in air fares helped offset higher fuel costs. Photograph: Simon Leigh/Alamy

Ryanair is to hand its shareholders regular payouts for the first time after soaring air fares put the airline on track to make record profits.

The budget carrier said it expected to notch up profits of between €1.85bn (£1.6bn) and €2.05bn in the financial year to the end of March, far outstripping its previous highest profit of €1.45bn in 2018.

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