'Ryanair fares will rise, profits will grow', says Michael Cawley

Ryanair has increased its profit forecast for the full year after a better-than-expected performance in the last three months of 2012.

The no-frills airline reported an 18.1m-euro ($24.3m; £15.4m) profit after tax in the three months to December, the third quarter of its financial year, up 21% on a year ago.

The company's deputy chief executive, Michael Cawley, told BBC News his predictions for the next year.