A rush of bookings at higher prices in the last month will boost Ryanair’s annual profits by at least £22 million, the airline has claimed.

The BA strikes are thought to be responsible for much of the boost with the no frills carrier having leased BA three aircraft in the past month as well as introducing rescue fares for those stranded by industrial action.

Annual profits for the year ending March 31 are now expected to be at least £274.5 million compared with previous estimates of £243.5 million.

The airline said this was “as a result of somewhat stronger than expected passenger bookings, at better than expected yields, during late February and March in the run up to the Easter holiday weekend”.

The announcement is the second upward revision of profit this year having recorded a loss of £145.9m last year.