Michael O'Leary
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Ryanair 'still selling lowest fares' says O'Leary

Europe's biggest budget airline, Ryanair, has unveiled a 23% increase in annual profits to 374m euros ($525m; £325m).

The Irish airline shook off disruptions caused by volcanic ash, heavy snow and air traffic controllers striking last year.

The company now continues to focus on opening new routes, especially in Italy and Spain.

As another volcano erupts in Iceland, Ryanair boss, Michael O'Leary, said he was much more confident that airlines would be allowed to fly this time.

  • 23 May 2011