Ryanair Made An Insane Amount Of Profit Last Year

Ryanair may be known as a low-fare airline but those bargain prices certainly aren't hurting its bottom line.

The company has released details of its accounts for past year, which revealed that it made a profit of €1.3bn over the last twelve months - an increase of 13 per cent.

It also confirmed that it reduced flight prices by 12 per cent, with the average cost per journey now standing at €41.

Traffic grew 13 per cent to 120m customers up to the end of March 2017, with Ryanair vowing to become a 'one stop shop' for all travel.

"We will roll-out Ryanair Holidays to all markets, and continue to build our 'Amazon of Travel' platform through better search tools, travel guides, express booking, auto check-in, and onward transport partnerships," said a spokesperson.