Ryanair’s share price jumps 10 per cent as it raises profit forecast 25 per cent after discovering being nice to customers can really pay off
Ryanair's share price leaped 10 per cent on the open this morning after raising its full year profit guidance by 25 per cent, as its bid to win over customers with an improved service takes off.
The budget airline said full year net profit would now come in between €1.175bn and €1.225bn, up from previous estimates of €940m to €970m "due to stronger than expected peak summer traffic and prices"
It directly attributed this to its "Always Getting Better" programme, claiming it was winning over "millions of new customers at slightly higher than expected air fares".