However, in an uncompromising statement this morning, the airline said the lack of information on what Brexit will look like is forcing it to turn away from the United Kingdom and search for growth opportunities elsewhere.
Revenue rose by 2 percent to 6.7 billion euros, the airline said. The latest year profit was hurt by the absence of prior year's gain, while revenues increased with strong traffic growth.
Ryanair added in the last financial year it has taken delivery of 52 new Boeing 737s, launched 206 new routes, and opened 10 new bases at airport across Europe, including Frankfurt, Hamburg and Prague.
"This airline will operate in summer 2018 with a fleet of five aircraft and will significantly boost our presence in Poland where Ryanair is already the largest scheduled airline".
Ryanair said it expects an 8 per cent increase in 2018 net profit as it warned of continued negative impacts of Brexit.
Brexit could also force some British investors in Ryanair to sell their stakes as European Union airlines must be majority owned by European Union nationals.
"For our customers, we hope the United Kingdom will remain in Open Skies which will mean no change for United Kingdom consumers and visitors".
Ryanair, which campaigned for Britain to remain in the EU, said a "hard Brexit" - in which the UK leaves the EU without a trade deal - was a significant risk as it could disrupt UK/EU flights.
ETX's Wilson also noted that "Ryanair is pivoting away from the United Kingdom towards Europe, where (there) is significant potential this summer for growth".
Sorahan says Ryanair has little appetite to acquire aircraft from restructuring airlines such as Air Berlin or Alitalia, unless there was a "fire sale" of their assets, given that "we buy our aircraft for such a good price from Boeing".
The Dublin-based carrier attributed that result to a series of security events at European cities past year, which were expected to continue to cloud the outlook.
"While Q1 will benefit from Easter, we have limited visibility of close-in peak summer bookings and zero H2 visibility".
Net profits banked six percent higher to €1.32billion in the group's financial year to March 31, compared with €1.24billion last time around, Ryanair said in a statement.