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Ryanair Sees Strong Winter Demand, Boosts Guidance

Ryanair posted a 26 percent rise in second quarter net profit on Monday that was broadly in line with analysts' expectations and raised full-year guidance as it pointed to brighter prospects for the winter.

Europe's biggest low-cost carrier said profit after tax in the three months to end September rose to 268.7 million euros ($389.1 million). That compared to 213.4 million a year earlier and the 270.1 million seen in a Reuters poll of eight analysts.

"Based on our current Q3 forward bookings and the impact of Easter in Q4, we now anticipate that winter (H2) yields will be somewhat better than previously forecast with the expected yield declines being towards the lower end of the -5 percent to -10 percent range," the company said in a statement.