Ryanair expects profits to be between €810 million and €830 million

Ryanair has upgraded it's full-year traffic and profit forecast following a 22% jump in November passenger numbers to over 6.35 million.

Now, the airline expects profits to be between €810 million and €830 million,

 with expected passenger numbers from 89 million to more than 90 million.

Even though there is increase in November seat capacity by 13%, load factors were 88% for the month. That's 7% more than previous month.


In the mean time, rolling annual traffic to November is 85.4 million customers. It's an increase of 5%.


Kenny Jacobs,Chief marketing officer said the increase in profits is credited to 'lower fares, our stronger forward booking strategy and the continuing success of our 'Always Getting Better' customer programme'.

On the other hand, EasyJet reported 4.39 million passengers which is up by 3.1%. It's load factors were up by 0.5 percentage points to 89.5% and annual traffic grew to 65.2 million.

Japan's Nikkei hits seven-year high

NKY:IND Open 15036.87 High 15089.9 Low 14919.71 Close 14936.51

Japan's Nikkei got a seven-year high Tuesday when market was filled with the rumors that Bank o f Japan buying stocks. It closed at 17663.22 which was up by 0.4%.

After Moody's investment service rated Japan's credit rating from A1 to Aa3, the index had fallen. After the national sales tax was delayed, Moody's move high lighted Japan's economy after an increase in the national sales tax was delayed.

Analysts are still positive about the investment. They are still affected by the activities of BoJ.

The Topix gained 0.9 percent to 1,422.82, and the JPX-Nikkei Index 400 advanced 0.9 percent to 12,946.63.

High:17,687.70
Low:17,476.42
Day Range:17,476.42 - 17,687.70
52-Week Range:13,885.11 - 17,687.70
Year To Date:+10.13%1-Year:+14.73%