DUBLIN—Ryanair hiked its forecast for after-tax profit by up to 325 million euros on Wednesday, citing recent pent-up travel demand while warning that COVID-19 and the war in Ukraine could still affect the outcome.
Europe’s largest airline by passenger numbers saw profit for the year to end-March at between 1.325 billion euros and 1.425 billion euros, up from a previous range of 1 billion to 1.2 billion due to stronger than expected holiday traffic and fares.
The forecasts mean Ryanair is set to easily pass the 1 billion euro annual profit it made before two years of COVID-19 losses and come close to the record 1.45 billion euros reached in the year to March 31, 2018….