as it continues to benefit from pent up demand for air travel. europe s largest carrier by passenger numbers also said it expects profits to rise modestly over the next year, and the summer travel season will be busy. the figures are better than industry watchers had expected. we knew they were going to be good but to record these numbers is exceptional so nearly 170 million passengers, that s up 74% on the previous year s. revenue has more than doubled, profit is 1.4 billion, and they re going to pay dividend this year. it s a phenomenal result and shows how quickly this market is turned around. it also shows how fragile the market is for aviation. there is a point where it suddenly flips you become very profitable, ryanair have put in a great set of results that even before the summer, which will be very strong. cheap airfares are a myth and anybody looking for summer holidays will tell you airfares are expensive, particularly in europe because we have not seen a lot of cap
fined $9 billion since 2012 for manipulating libor and euribor, but we are used to thinking of this with regards to traders making request for libor and back to go up and down but what we are less used to hearing about is a whole other story that years of investigation have uncovered. audio recordings and other material reveals that central banks and governments were involved in trying to push libor and euribor down during the 2008 financial crisis. you might say that history but it has a contemporary significance because between 2015 and 2019, 37 traders were prosecuted for rigging libor and euribor, and 2019, 37 traders were prosecuted for rigging liborand euribor, and thejury is not for rigging liborand euribor, and the jury is not hearing evidence like this audio, this phone call between a barclays executive instructing peterjohnson, a cash trader at barclays, to lower his libor on instructions from above. you re going to hate this but we