UPDATE: Ryanair Reports 49% Rise In Q1 Net Profit

Ryanair Holdings PLC RYAAY reported a 49% surge in its first-quarter net profit. Ryanair's quarterly net profit jumped to EUR139.3 million, from EUR93.7 million, in the year-ago period. Its revenue gained 29% to EUR1.55 billion. Ryanair's ancillary sales, or income other than fares, surged 22% to EUR248 million. Ryanair shares gained 3.12% to close at $27.74 on Friday.