By John Glenday

Low-cost carrier Ryanair has reversed its losses to post a third quarter profit of €49m whilst simultaneously raising its full-year net profit guidance to €840m-€850m.

Ryanair has been buoyed by falling oil prices as it celebrated its 30th anniversary with traffic increasing by 14 per cent to 21m passengers despite a 2 per cent rise in average fares.

The airline has been battling to improve its customer experience of late with its ‘Always Getting Better’ programme which aims to reverse negative sentiments toward the brand. This has seen it overhaul its mobile and digital interface and the launch of new services.

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Source: The Drum