Ryanair flags rising costs

Despite overcapacity in Europe, rising fuel prices and major pilot scheduling problems last September, Ryanair (RYA) reported a 10 per cent rise in post-tax profits to €1.45bn (£1.27bn) for the year to March 2018. This came after lower fares triggered a 9 per cent increase in traffic to more than 130m passengers, meaning the group saw an “industry leading” load factor (utilisation rate) of 95 per cent.