Ryanair reports a net profit of 820 million euro for the first quarter of the airline's broken fiscal year, ended in June. This can be compared to 360 million euro during the corresponding quarter last year.
The result is significantly better than expected. Analysts had on average calculated 688 million euro, according to Bloomberg.
Sales during the quarter rose 20 percent to 4.34 billion euro, which was also more than expected.
According to the report, demand for air travel is strong during the important summer period, among other things because competing airlines have capacity problems.
The report comes after Ryanair's share has risen 21 percent since the turn of the year. The major competitors in the low-price segment of the air travel market – Easyjet and Wizz Air Holdings – have at the same time fallen 11 and 27 percent since the turn of the year.
