Ryanair reports its first-half results tomorrow. The figures cover the key six-month spring and summer period for the airline when it makes most of its profits.

Analysts at Goodbody stockbrokers are forecasting a profit of €494m, up from €387m a year ago, on sales of about €2.2bn. Goodbody says the higher profits will be the result of more passengers from new routes and higher fares.

The big talking point will be Ryanair's plans to cut flights from a number of countries, including France and Germany, where it plans to slash flights out of Frankfurt's Hahn airport. Investors will also be looking for an update on the cost of fuel – Goodbody estimates that every $5 increase in the price of oil knocks 10% from Ryanair's earnings.

And expect chief executive Michael O'Leary to use the results as an opportunity to criticise the government's transport policy and the Dublin Airport Authority.

Ryanair results will be published at 6am Monday morning