Ryanair has demonstrated how profitable the British summer was by declaring its customer traffic had risen by ten per cent year-on-year in August to 10.4m passengers.Following that, the airline went on to unveil a revised full-year profit guideline and increased expectations by 25 per cent. However, Ryanair CEO Michael O’Leary warned that this was a result of “favourable industry trends”, such as bad weather driving customers overseas and cheap oil, thus cautioned shareholders to steer clear of “irrational exuberance”. That said, the travel industry on the whole appears to have thrived over the period as Heathrow Airport has now revealed in achieved a record number of passengers passed through its terminals in August to reach 7.33m – a four per cent increase on August 2014 – and mark its busiest month. Elsewhere, 2 August was the airport’s busiest day ever with 257, 312 passengers, while August also marked a record number of arrivals with 3.75m people landing at Heathrow. The figures speak for themselves and put even more pressure on David Cameron to make a decision about the airport’s plans for a third runway.
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