Ryanair gloomy despite huge profits

Budget airline Ryanair, which says it is considering charging passengers to use the toilet, announced a huge increase in profits Monday, revealing recession-busting results in sharp contrast to other carriers grounded by financial trouble. The Irish airline, which boosts revenues by billing for baggage, snacks and even checking in, announced a first quarter profit increase of 550 percent — or $195 million — crediting a drop in fuel prices and increased traffic for the growth. But despite bullish promises of expansion, Ryanair boss Michael O’Leary warned that the full year outlook remained gloomy with a fierce price war likely to result in a yield decline of more than 20 percent