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Ryanair Boosts Full-Year Profit as 217 New Routes Spur Sales

Ryanair Holdings Plc, Europe’s biggest discount airline, boosted full-year profit 13 percent as it added routes and planes to target short-haul markets in which full-service operators are struggling to stem losses.

The Dublin-based carrier’s earnings after tax rose to 569 million euros ($732 million) in the 12 months to March 31, minus one-time items, from 503 million euros a year earlier, it said today in a statement. Analysts had predicted a profit of 560 million euros, based on the average of 19 estimates.