Ryanair's Profit is Rising in the Second Quarter.

Ryanair CEO Michael O'Leary, in an interview with Bloomberg, announced that the after-tax profit for the second quarter was recorded at 1.72 billion dollars. This figure was 1.43 billion dollars in the same period last year.

The Ireland-based low-cost airline expects to exceed its passenger growth target by the end of the year. This is attributed to the previously acquired aircraft from Boeing Co. and the strong continuation of travel demand.