Ryanair reports bumper profits amid pent-up demand

Airline says customers are keen to book Easter and summer flights as people want to escape ‘bad news’

Ryanair made record third-quarter profits as the budget airline benefited from pent-up travel demand from cost-conscious customers.

The budget airline increased its full-year profit guidance after the strong performance, as profit after tax surged to €211m (£185m) between October and December. That is compared with a loss of €96m during the same period in 2021 and more than double its €88m profit in the same three months in 2019, before the pandemic.