Irish low-cost carrier (LCC) Ryanair reported a full-year net profit of €1.3 billion ($1.5 billion), up 6% from a €1.2 billion net profit in the year-ago period. The airline said the 20% margin for the full year ended March 31 was achieved through the third year of its latest turnaround strategy, even after a 13% cut in average fares. Ryanair CEO Michael O’Leary said the LCC managed to post improved results, despite “difficult trading conditions,” including ...

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