Ryanair reports first quarter net profit of EUR 139 million

Ryanair reported a first quarter net profit of EUR 139 million, a slight increase of 1% on the first quarter of last year. Revenues grew by 29% to EUR 1,155 million as traffic increased 18% and ave. fares rose 11%. Unit costs rose by 14% due to a 49% increase in fuel costs. Excluding fuel, sector length adjusted unit costs fell by 1%.