Surges in passenger traffic and ancillary revenue helped lift Ryanair's first fiscal quarter profit by 20% to a record €138.9 million ($189.7 million) from the €115.7 million earned in the three months ended June 30, 2006. In addition, it raised its full-year earnings guidance to a 10% improvement from the originally forecast 5% thanks to planned aircraft utilization and capacity reductions at London Stansted. The LCC's first-quarter revenue of €693 million represented a ...

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