Ryanair Holdings PLC (RY4C.MU)

Ryanair posts record annual profit, announces share buyback

Budget airline Ryanair (RYAAY, RYA.IR) posted a record annual profit of €1.9 billion and reported a 9% increase in passenger traffic despite the delay in deliveries of new planes from Boeing (BA). Ryanair also announced a €700 million share buyback. Yahoo Finance's Brad Smith and Seana Smith break down Ryanair's results. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Stephanie Mikulich.