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The budget airline has raised its full-year profit after revealing that its net loss for the three months to December 2009 was €10.9 million (£6.8 million).
According to Reuters, its stock has risen by over five per cent as a result and was priced at €3.53 at 10:34 GMT on the Irish Stock Exchange.
Its deficit for the quarter was a large reduction from the €118.8 million figure it posted 12 months previously and was lower than the €35.1 million that had been predicted by its in-house broker Davy.
Michael O'Leary, chief executive officer of the business, said that the results were "a significant improvement".
He also noted that reductions in capacity at many European airlines has "created opportunities for Ryanair to grow".
Posted by Greg Secker
