Irish low-cost carrier (LCC) Ryanair reported 1Q 2016 net profit of €256 million ($281 million), up 4% compared to €245 million year-over-year (YOY). First-quarter revenue was €1.69 billion, up 2% YOY, while expenses were €1.38 billion, up 1%, producing an operating profit of €306.8 million, up 6%. Ancillary revenue accounted for 26% of the total figure (up 2% on the previous year). Unit costs were down 9% YOY (down 4% excluding fuel). Passenger numbers rose 11% to ...

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