Last month Ryanair's chief executive Michael O'Leary revealed plans to almost double the company in size over the next decade. This morning it has announced a 20% rise in its net profit for the first half of the year to £467m pounds. It has also raised its full year profit target by 10%, saying higher revenues per passenger mile would offset stubbornly high fuel prices. Mr O'Leary explains the detail behind the profit figures.
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