Chief executive Michael O'Leary attributed to performance to its policy of low fares - which dropped 1% to €40 on average - and its customer service overhaul.
He added that the airline did see weaker pricing and bookings immediately after the Paris terror attacks but was able to counter that with price promotions and discounted fares, which stimulated double digit traffic growth.
Ryanair also revealed an €800 million share buy-back that will commence on February 5 and take nine months to complete depending on market conditions.
The airline said it sees "significant growth opportunities" and has raised its traffic target for the 2016 financial year from 105 million customers to 106 million.
It upped its fourth-quarter traffic forecast from 22% growth to 26%.
