Reduced costs tipped to help Ryanair reach full-year profit targets

Ryanair is expected to hit full-year profit targets when it reports to the market this week having benefited from a higher-than-expected drop in unit costs.
By The Newsroom
Published 27th May 2017, 17:26 BST
Updated 4th Jun 2017, 21:04 BST
Ryanair boss Michael OLeary is expected to announce pre-tax profits of £1.13bn as a result of a sharp drop in unit costs. Picture: Getty ImagesRyanair boss Michael OLeary is expected to announce pre-tax profits of £1.13bn as a result of a sharp drop in unit costs. Picture: Getty Images
Ryanair boss Michael OLeary is expected to announce pre-tax profits of £1.13bn as a result of a sharp drop in unit costs. Picture: Getty Images

The budget airline will release annual earnings on Tuesday, with consensus forecasts pointing to a pre-tax profit of about €1.32 billion (£1.13bn) for the 12 months to the end of March.

In February, Ryanair said it expected full-year unit costs, excluding fuel, to fall by 4 per cent compared with forecasts for a 3 per cent fall made after the first half of the financial year.

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