Ryanair says its second quarter and first half performances have exceeded expectations, with second quarter traffic growth of 34% well ahead of the forecast 27%.
The airline says analysts' forecasts for after-tax profit growth in the second quarter should be raised from 35% to the 'mid to high 40% range'.
But it expects fuel costs to rise, warning that sterling is artificially strong against the dollar.
Ryanair adds that investors should focus on profit growth of 25% a year rather than a particularly strong second quarter.
