Ryanair Flying High

The low-cost European airline posts a 20% profit jump on increased revenue for secondary services. Investors also like a plan for fewer off-season flights

It's been a long time since the airline sector has looked this good. After United Airlines (UAUA) and American Airlines (AMR) recently posted strong first-quarter growth, their European counterparts are now getting in on the act. On July 31 Dublin-based Ryanair (RYAAY), the Continent's leading budget airline, announced a 20% increase in its first-quarter profits, to $190 million.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.