Ryanair reports soaring profits but warns of headwinds

Ryanair has reported record annual results, despite it having to cancel thousands of flights in September due to problems with pilots’ rotas.

The Irish airline said profits rose 10% to €1.45bn (£1.27bn), despite the wave of bad publicity.

However, it warned higher costs would make the year ahead more difficult.

The outlook for the coming year was “on the pessimistic side of