Ryanair profits soar by 300%

Airline makes €663m due to demand boost

- HOLLY WILLIAMS

RYANAIR quarterly profits soared by nearly 300% to €663million thanks to demand over Easter and British coronation weekend. 

But the Irish airline f lagged pressures on consumers from surging costs and mortgage rates.

Last year, the first quarterly profits were €170million.

Airlines are battling to evacuate tourists from the Greek island of Rhodes due to wildfires.

Ryanair’s chief financial officer Neil Sorahan reportedly said the group was still operating a “full schedule” of flights to the fire-ravaged island, but is not putting on additional services.