Ryanair £14.9m profit

Ryanair has posted a 14.9m euro profit in trading for the last quarter of 2011. The figure is a huge contrast compared with the £10.3m euro loss for the same period last year (mainly due to the snow and flight cancellations suffered)  

As a result, Ryanair has revised its expectations on its full year profits from £440m euros to £480m euros.