Ryanair says half-yearly profits after tax have risen by 32 per cent, to 795 million euro.
The figures have been boosted by falling fuel costs.
Ryanair's Chief Financial Officer Neil Sorahan says there are a number of reasons for the rise in profit:
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The airline has opened 57 new routes and four new bases in Athens, Brussels, Lisbon and Rome.
Traffic grew four percent to 51.3 million passengers, fares rose by 5% and revenues increased by 9%
Chief executive Michael O'Leary says they have major expansion plans:
