Ryanair has unveiled a €700m (£599.3m) share buyback scheme after profits soared by more than a third in the 12-months ending March.
Post-tax profit jumped 34% to €1.92bn (£1.64bn) as passenger numbers increased 9% to 183.7m.
Revenue was up by a quarter to €13.4bn (£11.5bn), though turbulence may lay ahead due to issues faced by Boeing.
"There remains a risk that Boeing deliveries could slip further," said Michael O'Leary, Ryanair's CEO.
Operating costs have also risen sharply to €11.4bn (£9.8bn), the company blaming it on "fuel costs, higher staff costs and Boeing delivery delays".
The budget carrier also announced a duo of new board appointments, including former home secretary and energy minster Amber Rudd.
The ex-Tory politician joins as a non-executive director, alongside Jinane Laghrari Laabi.
Chairman of Ryanair, Stan McCarthy, said: "We are pleased that Jinane and Amber have accepted our invitation to join the Board of Ryanair Holdings plc from 1 July 2024. They bring significant business, political and national market knowledge to our Board. We look forward to working with both Jinane and Amber as we deliver Ryanair's exciting and ambitious targets over the coming decade of Ryanair growth."
FTSE 100
The UK's flagship share index, the FTSE 100, was up 16-points at 8,436 shortly after opening this morning.
Brent crude oil futures were up 0.52%, trading at $84.42 a barrel.
Companies reporting today
- Big Yellow Group - Full Year Results
- Kainos - Full Year Results