CORRECTED-Ryanair says profits soar 10 percent

Mon Nov 5, 2012 2:18am EST

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(Changes to "end-September" from "end-October" in third paragraph; also corrects Reuters instrument code for Aer Lingus in second paragraph)

DUBLIN Nov 5 (Reuters) - Ryanair said profit in the first half jumped 10 percent, beating expectations thanks to higher fares and a lower fuel bill, prompting Europe's biggest budget airline to raise its guidance for full-year profit.

The Dublin-based airline, which is waiting to hear whether EU regulators will approve its takeover of Aer Lingus, said fares rose 6 percent in the second half, coupled with a surge in passenger numbers during the summer months.

Net profit for the six months to end-September was 596 million euros ($765.6 million), up from 544 million a year ago, ahead of analyst expectations at 564 million. Revenue surged 15 percent to 3.1 billion euros.

The airline lifted its forecast for the year to March to a profit of between 490 million euros and 520 million euros from its previous guidance of 400 million to 440 million euros. ($1 = 0.7785 euros) (Reporting by Lorraine Turner; Editing by Richard Pullin)

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