Ryanair has reported a 25% increase in first-quarter net profit.

The airline says its profit for the financial year ending next March would be at the top end of its guidance of €940m to €970m.

It is attributing the rise to better-than-anticipated revenue from ticket prices during the key summer period.

Ryanair has now raised its full-year passenger target, saying it will likely transport 103 million passengers in the current financial year.

That is up from the 100 million previously forecast.

The carrier adds that it continues "to be inundated" with growth offers from primary and secondary airports.

The airline will also take delivery of 31 aircraft this winter, bringing its fleet to 340 B737-800's by the end of the year.

Newstalk.com's business editor Vincent Wall has been looking at the figures.