Though Icelandic volcano and frequent strikes by air traffic controllers had made it challenging for the air traffic but still the, Ryanair had successfully increased its profits by 13 percent to _482.5m. Gain in the market volume across Europe has helped the company to increase its revenues by 23pc to _2.18bn.

The company is expecting to earn revenues in the between _380m to _400m while the analysts are hoping for even more gain. The current forecast for the current year is _408m.

This summer the average fares have jumped by 12 percent to _44. With the addition of new routes and bases at Faro, Malaga and Malta, the percent market share volume has also increased by 12.

The planes of the company were almost flowing full with total occupancy levels of 85 percent.

British Airways had also registered profits for the first time in last two years, while companies like Air France-KLM and Lufthansa are also hoping for more during this year.

Ryanair had had taken the opportunity created as Legacy carriers are facing problems and there have been flights cut by BA, Air France and Lufthansa.

People have not been pushed by recession and increase in rates of APD.

Michael O'Leary, Ryanair's ebullient chief executive said, "People don't stop dying, or getting married, or Christening babies or going on holiday," to The Times.