London • Ryanair Holdings lifted its fiscal full-year profit goal after saying first-quarter profit more than doubled as it filled more seats and benefited from strong Easter travel.
Profit after tax for the year through March 2015 probably will be $833 million to $871 million, an increase from a previous guidance of $780 million to $833 million, the Dublin-based airline said Monday. Profit after tax for the three months ended June 30 more than doubled to $265 million from $105 million, as sales increased 11 percent to almost $2 billion.
Europe's biggest discount carrier has forecast a return to growth this year after the first profit decline in five years, as it refines its no-frills approach to draw business passengers, older travelers and families in a bid to fly more people. Measures include allocated seating, reduced bag charges and a simplified website. Full-year traffic will grow about 5 percent to 86 million people, helping the airline raise its full-year profit guidance, Ryanair said.