Ryanair to hit top end of full-year profit forecast

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Irish budget carrier Ryanair is confident that it will hit the upper end of its €380-400 million ($523-550 million) net profit guidance for its full 2010-11 financial year.

For the year ending 31 March, Ryanair deputy CEO Michael Cawley says: "I would now say that we will be closer to €400 million than €380 million."

Ryanair is also expecting to grow its full-year passenger numbers by 11% to 73.5 million. This figure includes 1.45 million passengers who flew with Ryanair after their flights with other airlines were cancelled during the volcanic ash disruption late last year.

It is expecting a further 7% growth in 2011-12, taking its passenger total to 78.5 million.

By 2013, Ryanair will grow by a further 6% to hit 83.5 million passengers.