Budget airline Ryanair have posted record full-year profits and rising revenues. This comes despite soaring fuel costs. Profits after tax rose 13% to 569m euros (£481m) on revenues of 4.88bn euros for the year to 31 March.
Passengers who were carried by the airline rose from 5% to 79.3 million as Ryanair added 217 new routes, bringing the total to 1,600. However fuel costs rose by more than 290m euros, and now account for 45% of total costs.