MikeLigalig.com

Ryanair has reported pre-tax profits of 341m euros (£289m) for the year to March, bouncing back from its first annual loss this time last year.

The Irish budget airline also said it planned to pay a one-off dividend to shareholders totalling 500m euros - the first dividend it has paid.

Passenger numbers were up 14% on last year, while revenue rose 2%.

But the airline said disruption caused by volcanic ash, not covered in the results, would cost about 50m euros.