A 25 percent hike in traffic and a cut in costs by five percent. Two predictions by Ryanair for the first three months to March 30.
The Irish airline also issued increased guidance for full-year net profits from between 810 million euros and 830 million euros to 840 to 850 million euros.
But it warned shareholders and analysts to “temper expectations” for full-year profits in 2015-16.
“We believe that any growth in profits will be modest as our fuel is hedged at 92 dollars a barrel,” the company said in a statement. That could mean rival airlines will benefit from the lower oil prices.
Investors focused on the longer-term outlook and shares in Ryanair fell five percent in early trading.
