Ryanair (LSE: RYA) said it believes it will report better-than-expected profits, for the year ended 31st March 2010. The airline raised its net profit guidance to not less than €310m, up €35m compared with previously guidance of €275m.
The upgrade comes as a result of stronger passenger bookings, which also achieved better-than-expected yields, during late February and March - in the run up to the Easter holiday weekend.
Ryanair expects to announce its full year results on Tuesday, 1 June 2010.
Earlier this week Ryanair opened its 37th base at Oslo Rygge Airport, with three aircraft and 27 routes which is expected to increase its traffic at Oslo to 1.7m passengers per annum.