Image revamp boosts Ryanair profits

Ryanair CEO Michael O'Leary
Ryanair CEO Michael O'Leary
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Budget airline Ryanair saw profits growth take off last year as a revamp designed to improve its image and attract business customers sent earnings soaring by 66 per cent.

The Irish no-frills carrier - which is celebrating its 30th anniversary - posted post-tax profits of 867 million euros (£614 million) for the year to the end of March, up from 523 million euros (£370 million) the previous year.

It has bounced back from a drop in annual profits in the previous financial year - its first for five years - thanks to a major push to improve its customer service as part of a programme called Always Getting Better, as well as an expanded business schedule.

Passenger traffic leapt 11 per cent to 90.6 million customers over the year to March 31.