UPDATE 1-Ryanair sees record annual profit, first regular dividend as fares soar

Ryanair on Monday forecast a record annual profit and promised to pay investors a regular dividend for the first time after fares soared 24% during the summer season. The Irish airline has been increasing capacity far faster than most rivals to take advantage of the travel boom that followed COVID-era lockdowns. "We're pleased to report strong half year results … due to a very strong Easter, record summer traffic," Group Chief Executive Michael O'Leary said in a video presentation.