Amid lower fuel costs, increasing passenger numbers and a rise in profit forecasts, things have never looked so "scarily good" for Ryanair, its CEO Michael O'Leary told CNBC Monday.
"Everything is so good it's worrying," O'Leary told CNBC Europe's "Squawk Box" Monday.
"We're raising the full-year traffic forecasts, we're raising the profit forecasts, the key number is that we've hedged 95 percent of next year's oil at a saving of about 430 million euros ($474.1 million) and we're heading for about 1.2 billion euros in profits this year."
Ryanair on Monday said it expects to post annual profits at the upper end of its forecast range as fuller-than-expected planes lift passenger numbers.
The Irish airline raised its full-year profit forecast by 25 percent in early September on a summer performance boosted by bad weather in northern Europe and the strength of the British pound.
"Our concern at the moment is not a competitive one, our costs are under control (unit costs are down 6 percent this year)," O'Leary told CNBC.