Ryanair announces rise in profits

Low-cost airline Ryanair has boosted annual profits by 13% but warned that the recession across much of Europe will dampen growth this year.

The Dublin-based company, which operates on more than 1,600 routes, carried 79.3 million passengers in the year to March 31, an increase of 5% on a year earlier as revenues improved 13% to 4.8 billion euro (£4.1 billion).%VIRTUAL-SkimlinksPromo%