Ryanair rises on passenger growth

Ryanair, Europe’s biggest low-cost airline, has seen a jump in quarterly earnings helped by a 30% rise in the number of people flying on its planes.

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Despite its better-than-expected profit the company was “cautious” about the outlook for the rest of the year.

It cited record oil prices and concerns about further bomb blasts in London.

The Dublin-based carrier said that the price of jet fuel rose 55% during the first quarter compared with the same period a year earlier. Ryanair’s fuel bill more than doubled to 110m euros.

BBC