BBC News - Jemma Dempsey

Budget airline Ryanair has reported its first profit since the pandemic as fares and passenger numbers rebounded.

The carrier's profits hit €1.43bn (£1.24bn) in the year to March, with average fares up by 50% to €41.

However, the airline warned its fuel costs were set to jump in the next year due to high oil prices.

Ryanair boss Michael O'Leary said current fares were "significantly" higher than a year ago, when demand was hit by Russia's invasion of Ukraine.

Aviation expert John Strickland, from JLS Consulting, told the BBC's Today programme that fares could increase even more, with a family of four seeing costs rise by "another £20 or £30".

However, he said these rises were unlikely to put people off travelling.