Shares in Ryanair (UK:RYA: news, chart, profile) (RYAAY: news, chart, profile) soared nearly 8 percent in early London trade as it said it expects passenger yield to fall by less than previously expected in the second half.
The airline said first-half adjusted pretax profit rose 15 percent to a record 201.3 million euros ($256 million). Revenue climbed 21 percent to 721 million euros.
Passenger traffic rose 24 percent to 14.1 million passengers. The carrier said first-half yields fell 5 percent and margin for the period was down 1 percent to 28 percent.
"These record traffic and profit figures show just how robust Ryanair's "lowest fares" model remains even in a very difficult economic environment characterized by record fuel prices and intense price competition," said Michael O'Leary, Ryanair's controversial and outspoken chief executive.
"Furthermore, many of our competitor airlines who were losing money heroically when fuel was $25 per barrel are doomed the longer it stays at $50," he added.




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