Ryanair posts record €503m profit, shares slide

UPDATE: Despite Ryanair's 25 per cent rise in profit to €503 million, its shares have fallen sharply this morning after a future profit warning from Michael O'Leary.

21st May, 2012
Ryanair profits up 25 per cent

Ryanair has reported a 25 per cent rise in profit to €503 million and a 19 per cent rise in revenue to €4.33 billion in the 12 months to March 31st, 2012.

Depsite this, the airline's shares have fallen sharply this morning, after the company's chief executive, Michael O'Leary, said that future profits could be hit by up to 20 per cent due to fuel prices and deeper recession in Europe.

At 9.37am, Ryanair's shares were trading at 3.85, down...

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