Ryanair has revised upwards estimates on net profit for the 2012/13 financial year (April/March) going from the previous 400-440 million euros to 490-520 million euros. This was communicated in a note by the low cost airline, which registered in the first half year, which ended in September revenues up 15% to 3,11 billion and profit after taxes up 596 million, up 10%. Just as the number of passengers is growing, reaching the record figure of 48 million, with an increase of 7%.
For the second half of the year, however, Ryanair forecasts that the continuation of the crisis, combined with increased competition, could cause a stagnation in the number of passengers, thus slowing down the growth of the Irish carrier.
