Ryanair's announcing record annual profits of €569-million for the year ending March 31st.

Revenues at the airline have risen by 13%, while traffic is up 5%, boosting passenger numbers to 79.3-million.

The company expects traffic to grow by another 3% in the coming 12 months.

Ryanair is predicting growth will be slower this year, but the airline is still expecting profits to rise to between €570 and 600-million.